NJHMFA Down Payment Assistance
Most Popular$10,000
Forgivable loan
New Jersey Housing and Mortgage Finance Agency offers $10,000 in DPA for eligible first-time buyers. Forgivable after 5 years of occupancy.
MORTGAGE TOOLS
Down Payment Assistance Finder
Answer a few questions to see which New Jersey and Union County programs you may qualify for.
Your situation
$
4 programs match your profile
Get pre-qualified with Mike Vrlaku →FHA Loan (3.5% down)
3.5% minimum
Low down payment
FHA loans allow down payments as low as 3.5% for buyers with credit scores of 580+. Mortgage insurance applies.
USDA Rural Development
$0 down
Rural areas only
USDA loans offer 100% financing in eligible rural areas. Some parts of Union County may qualify. Income limits apply.
Conventional 3% Down
3% minimum
Fannie/Freddie
Fannie Mae HomeReady and Freddie Mac Home Possible allow 3% down for qualifying buyers. Income limits apply for some programs.
This tool provides estimates for informational purposes only. Program availability and income limits change. Verify current terms with NJHMFA or a licensed lender. Contact Mike Vrlaku (NMLS #179115) at New American Funding for a precise pre-qualification.