Other Statewide & Regional Programs
Beyond NJHMFA, other organizations offer significant assistance to New Jersey homebuyers. These programs can sometimes be alternatives or supplements to state agency offerings.
NJCC Statewide DPA
Assistance
$10,000 - $30,000
Forgivable loan (forgiven at 20% per year over 5 years).
Homebuyer Dream Program
Assistance
Up to $30,000
Grants for down payment and closing costs, offered through participating lenders (FHLBNY).
Program Comparison
| Program Name | Details |
|---|---|
| NJCC Statewide Down Payment Assistance | Offers a substantial forgivable loan that reduces over 5 years. This is a great option for those planning to stay in their home for at least that long. |
| Homebuyer Dream Program (FHLBNY) | A grant program available through specific member banks. Funds are often limited and released in rounds, so timing is crucial. |