FHA DOWN PAYMENT ASSISTANCE PROGRAM
|Download the First-Time Buyer's Guide|
First-Time Buyers get money for down payment and closing costs!
Through NJ’s Housing and Mortgage Finance Agency, Greenway is able to offer First Time homebuyers in NJ an FHA mortgage with a $10,000 grant for down payment and closing costs.*
- $10,000 towards down payment and closing costs
- All New Jersey properties eligible (no zone restrictions)
- First-time buyer is anyone that has never owned a home or hasn’t owned in the last 3 years
LEARN MORE ABOUT THE DPA PROGRAM
THE FINE PRINT
Approved counseling required
3yrs tax returns, NJ and Fed
3mo bank statements
Borrowers with funds to cover 20% down payment ineligible
Forgivable 2nd lien expires after 5 years as primary residence
First lien has 9 year recapture tax *While grant funding is available.