New Jersey First-Time Home Buyer Programs of 2024

Updated
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Written by Phil Metzger
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Edited by Mary Makarushka
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First-time home buyers in the Garden State looking for help in getting their homeownership dreams fulfilled can turn to the New Jersey Housing and Mortgage Finance Agency.

You may qualify for assistance to apply to down payment and closing costs — and receive competitive fixed-interest-rate home loans.

NJHMFA highlights and eligibility requirements

You're considered a first-time home buyer in the Garden State if you haven't owned a home in the previous three years. The New Jersey Housing and Mortgage Finance Agency offers the following programs to help you put down roots.

Highlights

  • 30-year fixed-interest-rate programs.

  • Competitive interest rates.

  • Programs for first responders who are upgrading and downsizing, as well as first-timers.

Eligibility

  • Some programs have location, income and purchase price restrictions.

  • The home must be your primary residence.

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