Buying your first home can be exciting and overwhelming which is why we have a variety of first time homebuyer tools and resources to help you. Talk to one of our housing counselors.
Figure out how much you can afford.
First home buyer program. The first time homebuyer mortgage program is the foundational mortgage program that can be combined with the njhmfa down payment assistance program which provides qualified buyers with 10 000 as an interest free five year forgivable second loan with no monthly payment that can be used to cover down payment and closing costs. The program provides public housing residents and other low income families that are first time homebuyers with subsidies to use toward buying a home. Must complete an educational course and buy a foreclosed fannie mae property.
Homebuying programs in your state. Fha loans are a good option for first time buyers with poor credit or anyone who doesn t have 20 to put toward a down payment. Many state housing authorities combine closing cost and down payment.
Thinking about buying a home. These programs provide down payment and or closing cost assistance in a variety of forms including grants zero interest loans and deferred payment loans. Whether you re just starting to save or you already have a house in mind we can help you get your keys to your first home.
You can find tools to assist you in your first home buying experience on this page. What you can afford depends on your income credit rating current monthly expenses downpayment and the interest rate. We have information that can help.
There are many first time homebuyer programs grants and down payment assistance programs available to help you secure the financing you need to purchase your first home. Federal housing administration fha loans. Although dhcd does not provide mortgages directly to first time homebuyers there are many resources available.
For additional information about this program contact your local public housing agency pha. Grants and specialized loan programs for first time home buyers are available in cities and counties throughout the united states. Partner agencies in massachusetts provide education mortgage programs and more assistance for families and individuals to find the right home.
Exploring local and national first time home buyer assistance programs is an important step in the journey to homeownership. Homepath readybuyer program a program that provides 3 percent in closing cost assistance to first time buyers.