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NJHMFA Homeward Bound

NJHMFA Homeward Bound is a 0% forgivable 2nd from NJHMFA. Available statewide in New Jersey. Up to $22,000 toward a home purchase. First-time buyer status is not required. Income limit: 80% AMI (higher in target areas).

Up to $22,000
Listed as open as of May 2026

Available statewide in New Jersey.

First-time buyerNot required
Income limit80% AMI (higher in target areas)
Minimum credit score620
Maximum DTI50%
Homebuyer educationRequired (HFA-approved (Framework, eHome, NeighborWorks, etc.))
OccupationsNJ targeted area buyers
Property types1-4 family, condo, townhome
OccupancyOwner-occupied primary
Eligible loan productsFHA/Conv
Sales price capHigher in target
Repayment0% forgiven
ForgivablePer program structure
StackingRepeat buyer
Source NJHMFA·official program page·Listed
Cal has not re-checked this listing recently. Confirm the current terms with the program administrator before relying on them.

Provider: NJHMFA · program details at the provider’s site.

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