The Road Home New Jersey: HMFA Mortgage Programs. Click on any of the links below to find out more about any of HMFA's mortgage programs. First- time Homebuyer Mortgage Programs. Becoming a first- time homebuyer in New Jersey is made easier and more affordable when you use one of HMFA’s mortgage programs. Once you determine how much house you can afford to buy, HMFA lenders can help you determine which program is the most advantageous for you. HMFA has helped thousands of New Jersey residents become homeowners. Who Qualifies: First- time homebuyers who meet income eligibility requirements Eligible homebuyers who purchase a home in an identified Urban Target Area. How it Works: Low- cost, fixed rate mortgages are available through large network of lenders. Click here to learn about area income limitations. Back to Top. Smart Start. Offers downpayment and/or closing cost assistance for eligible homebuyer consumers purchasing in a designated Smart Growth Area in New Jersey in the form of a second mortgage. Who Qualifies: Homebuyers who are BOTH participants in HMFA’s first mortgage homebuyer program who are purchasing in a Smart Growth Area. To determine whether your property qualifies for the Smart Growth program, check out our Site Evaluator tool. How It Works: The program helps these families by offering a second mortgage for downpayment and/or closing costs up to 4% of the first mortgage. To determine whether your property qualifies for the Smart Growth program, check out our Site Evaluator tool. Back to Top. Live Where You Work (LWYW)If you’re planning to buy a home in the town where you’re employed, Live Where You Work (LWYW) may be the right program for you. LWYW provides low- interest mortgage loans to homebuyers purchasing homes in the municipalities in which they work. By working closer to home, we reduce the dependence on (and expense of!) cars, and increase the use of alternate transportation such as walking, biking and public transit. Properties must be located in state designated Smart Growth locations. For detailed program specifics, please visit the Live Where You Work Program page. Home » New Jersey SmartStart Buildings - New Construction and Retrofits New Jersey SmartStart Buildings - New Construction and Retrofits Back Eligibility Commercial Industrial Local. New Jersey State Courts New Jersey State Administrative Agencies Federal Courts Federal Administrative Agencies. The Smart Steps Program does not pay. Want to get your homeownership journey off to a Smart Start? Contact one of NJHMFA's Participating Lenders and ask about how you can take advantage of this great program. Get more information on our Smart Start Fact Sheet. First-Time Homebuyer Smart Start Police and Fire Retirement System Mortgage Program Urban Target Areas (UTAs) Site Evaluator Sandy Homebuyer Assistance Program Homebuyer FAQ's Homeowners Hurricane Sandy Housing Resources Home > > >. Smart Start Program Guidelines New Jersey Housing and Mortgage Finance Agency LOAN AMOUNT LIMITS: Up to four (4%). PRIOR HOMEOWNERSHIP LIMITATIONS: To qualify for Smart Start in conjunction with a Homeward Bound Purchase. The revised Smart Start program rules were rolled out last week. When you call Smart Start, you will be greeted by our Customer Care Center specialists. Our Call Center is located in the U.S. Our focus is to answer your questions and provide support 24/7. With New Jersey SmartStart Buildings ! Whether you’re starting a project from the ground up, renovating existing space. Homeownership Assistance: New Jersey Need help buying a home? You may qualify for one of these programs. Statewide and Regional Programs New Jersey Housing & Mortgage Finance Agency (NJHMFA). NJ STARS is a scholarship program exclusively for New Jersey residents that covers the cost of tuition at New Jersey's 19 community colleges. NJ STARS II scholarships are forany New Jersey public or independent four.
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