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NJforgivable loanactive
NJHMFA Down Payment Assistance
New Jersey Housing and Mortgage Finance Agency
Up to $22,000 forgivable DPA (5-year retention)
Overview
$22,000 forgivable DPA for NJ first-time buyers — forgiven over 5 years.
Detailed requirements
First-time buyer. Income/purchase price limits by county. Up to $22K (increased from $15K). Forgiven over 5 years.
Eligibility at a glance
- First-time buyer required
- Yes
- Min credit score
- 620
- Owner-occupied required
- Yes
- Homebuyer education required
- Yes
Ready to apply?
A free grant specialist walks you through eligibility and the official application in one short call.
Last verified 2026-09-02. Updated weekly. Always confirm details on the official program page before applying.