NJ Conventional DPA Program


Home Affordable Refinance Program (HARP)
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Greenway's NJ Conventional Down Payment Assistance Program

Affordable Mortgages with $15,000 for down payment and closing costs.

The state of NJ is offering a conventional version of their down payment assistance program for first time buyers. Now, qualified clients can receive $15,000 to be used towards down payment and closing with affordable mortgage insurance premiums that follows conventional mortgage guidelines in certain NJ counties*.  All other counties will remain at $10,000.

Program Details

  • 30-year, Fixed-Rate Conventional Loan 
  • Affordable Mortgage Insurance Premiums
  • $15,000 for Down Payment and Closing Costs*

Fine Print

  • First-time buyers are borrowers that have not had an ownership interest in their primary residence during the previous three years
  • DPA is a $15,000 forgivable loan with no interest and no monthly payments. Forgiven after 5 years as primary residence (While grant funds are available)
  • Single-Family Properties and Condos, Owner Occupied, Primary Residence in NJ, Minimum FICO 620
  • Income limits are determined by the county of the purchase property, but must not exceed 80% of Area Median Income. Please reference the Freddie Mac HFA Income Limits for additional details.

County List:

  • *$15,000 applies to: Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, and Union. Effective November 1, 2022.
  • $10,000 applies to: Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Salem, Sussex, Warren.


Eligibility requirements, exclusions and other terms and conditions apply. 

Have Questions about our NJ Conventional DPA Program? Fill out the form below.