NJ First-Generation Down Payment Assistance Program

NJ First-Generation Down Payment Assistance Program

Homeownership made easier with up to $22,000 in down payment assistance

This program aims to provide significant assistance for down payments and closing costs to homebuyers, offering a generous $7,000 contribution to those who qualify. When paired with an NJHMFA First Mortgage and the Down Payment Assistance Program, eligible homebuyers can receive up to $22,000 in assistance! The amount varies depending on the county where the property is located.


  • Owner occupied, primary residence in NJ
  • 30-year Fixed-rate mortgage options available for home purchases only
  • $22,000 for down payment & closing costs when paired with DPA in certain NJ counties


  • An individual whose parents or legal guardians do not own any residential property in the U.S. or abroad, and whose spouse, domestic partner, and household members have not owned a principal residence in the past 3 years in the U.S. or outside of U.S.
  • OR An individual who has been in foster care in NJ at any point


  • Must be a first-generation homebuyer
  • Min credit score 620; must meet DTI requirements
  • Must be paired with an NJHMFA first mortgage loan and the DPA; DPA is a forgivable loan with no interest and no monthly payments
  • Single-Family, Condo, Townhome, Co-ops, 2-4 units
  • Ineligible for Police & Fireman Program

Eligibility requirements, exclusions and other terms and conditions apply.

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