NJHMFA First-Time Smart Start
NJHMFA First-Time Smart Start is a 0% 5-yr forgivable 2nd from NJ Housing & Mortgage Finance Agency. Available statewide in New Jersey. Up to $15,000 toward a home purchase. For first-time buyers. Income limit: 80% AMI by county.
Up to $15,000
Listed as open as of May 2026
Available statewide in New Jersey.
| First-time buyer | Required |
|---|---|
| Income limit | 80% AMI by county |
| Minimum credit score | 620 |
| Maximum DTI | 50% |
| Homebuyer education | Required (HFA-approved (Framework, eHome, NeighborWorks, etc.)) |
| Occupations | Statewide NJ |
| Property types | 1-4 family, condo, co-op, townhome |
| Occupancy | Owner-occupied primary |
| Eligible loan products | FHA/Conv |
| Sales price cap | Per county |
| Repayment | 0% forgiven 5 yrs |
| Forgivable | Per program structure |
| Stacking | Stacks with First Generation enhancement |
Cal has not re-checked this listing recently. Confirm the current terms with the program administrator before relying on them.
Provider: NJ Housing & Mortgage Finance Agency · program details at the provider’s site.
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