New Jersey First-Time Home Buyer Programs of 2021

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.

National first-time home buyer programs

State assistance and loan programs aren’t the only resources you can tap into. Some municipalities offer housing assistance, especially for residents, and national funding sources should also be considered. Here are major programs that offer low- and no-down-payment programs.

NJHMFA highlights and eligibility requirements


  • 30-year fixed-interest-rate programs.

  • Competitive interest rates.

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


NJHMFA first-time home buyer loan programs

Summary: 2021 NJHMFA first-time home buyer programs

  • Down payment assistance program for help with down payment and closing costs.

  • Police and Firemen’s Retirement System Mortgage Program for first responders.

You’ll find lenders that participate in NJHMFA programs. It’s always a good idea to shop around for a lender, as loan terms and interest rates will vary among lenders.

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