Down Payment Assistance
Don't let the down payment stop you.
New Jersey's NJHMFA Smart Start program provides $10,000 to $22,000 toward the down payment and closing costs, depending on the county and program. It is a 0% second loan with no monthly payment, forgiven after five years in the home. Our team has closed numerous NJHMFA loans and pairs the assistance with the right first mortgage.
What it is
The basics of Down Payment Assistance.
New Jersey's NJHMFA Smart Start program provides $10,000 to $22,000 toward the down payment and closing costs, depending on the county and program. It is a 0% second loan with no monthly payment, forgiven after five years in the home. Our team has closed numerous NJHMFA loans and pairs the assistance with the right first mortgage.
Rate snapshot
Rates change daily and depend on credit, loan size, property, and program. For a real quote tailored to you:
Call (732) 754-7474Or get a personalized quote in our 60-second form below.
Who it's for
Built for borrowers like these.
First-time NJ buyers (no home owned in the last 3 years)
Buyers with a 620+ credit score
Buyers within NJHMFA income and price limits
Buyers purchasing a primary residence
How it works
From application to keys.
- 1
Eligibility check against current NJHMFA limits
- 2
HUD-approved homebuyer counseling
- 3
Pair Smart Start with an NJHMFA FHA, VA, or USDA first mortgage
- 4
Assistance applied at closing
- 5
Forgiven after five years in the home
Video
Watch: quick answers from our team.
The views expressed are the opinions of the speakers and are for general informational purposes only. They should not be construed as legal, tax or financial advice. Rates, terms and examples shown are for illustration only, are subject to change, and are not a commitment to lend. Subject to credit approval and underwriting.
FAQ
Frequently asked.
Disclosures
For information purposes only. This is not a commitment to lend or extend credit. Loan approval, rates, and terms are subject to credit qualification, collateral evaluation, and other underwriting requirements. Program availability varies by state. AMS Mortgage Services, Inc. NMLS #20843. Equal Housing Opportunity.