First Time Home Buyer Nj Info

: The New Jersey Housing and Mortgage Finance Agency (NJHMFA) offers a 30-year fixed-rate mortgage at competitive rates, often 0.25% to 0.75% below conventional market rates.

Before house hunting, understand your budget by factoring in NJ’s high effective property tax rates. first time home buyer nj

: Most NJHMFA mortgages can be paired with a $15,000 forgivable loan for down payment and closing costs. This loan is forgivable after living in the home for five years. : The New Jersey Housing and Mortgage Finance