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Buying your first home is exciting, but it can also feel overwhelming. Between understanding mortgage options, saving for a down payment, and navigating closing costs, many first-time buyers aren’t sure where to start. The good news? New Jersey offers a variety of programs designed to make homeownership more accessible, affordable, and stress-free especially for first-time buyers. In this post, we break down top first‑time homebuyer programs in New Jersey  for 2025 and how they can help you take the next step toward your dream home. 1. NJHMFA First-Time Homebuyer Mortgage Program Type:  30-year fixed-rate government-backed loans (FHA, VA, USDA) Eligibility:  First-time homebuyers (no ownership in past 3 years) OR repeat buyers in “Urban Target Areas” who must not own another residence at closing. Benefits:  Competitive rates; can be paired with other assistance programs More Info:   NJHMFA First-Time Homebuyer Program 2. NJHMFA Down Payment Assistance (DPA) Program Amount:  Up to $15,000 (varies by county) Terms:  Interest-free second loan, forgivable after approx. five years if conditions met Eligibility:  First-time homebuyer (or in targeted area) who obtains first mortgage via NJHMFA lender, meets income/credit/occupancy requirements More Info:   NJHMFA DPA Program 3. First-Generation Down Payment Assistance Amount:  Additional assistance (e.g., $7,000) on top of NJHMFA DPA — can bring total assistance up to ~$22,000 depending on county. Eligibility:  First-time homebuyers whose parents/guardians have never owned a home; must pair with NJHMFA program More Info:   First-Gen DPA Program 4. HFA Advantage Mortgage Program Type:  Conventional 30-year fixed-rate loans (via Freddie Mac HFA Advantage) Eligibility:  First-time and repeat buyers; must meet program guidelines (down payment minimums, etc.) Benefits:  Low down payment (as little as 3%), flexible credit requirements More Info:   HFA Advantage Program 5. Police & Firemen’s Retirement System (PFRS) Mortgage Program Eligibility:  Active members of PFRS (NJ Police & Fire Retirement System) Benefits:  Higher loan limits for eligible service members; not strictly limited to first-time buyers in all cases More Info:   PFRS Mortgage Program 6. Live Newark Program Amount:  Up to ~$20,000 Terms:  Fully forgivable after ~10 years Eligibility:  Home purchase in Newark city limits More Info:   Live Newark Program 7. Trenton First-Time Homebuyer Program Amount:  Up to ~$15,000 Terms:  Forgivable after ~5 years Eligibility:  Home purchase in Trenton city limits More Info:   Trenton Program 8. Camden County First-Time Homebuyer Program Amount:  Up to ~$25,000 Eligibility:  Purchase within Camden County More Info:   Camden County Program 9. Gloucester County Homebuyer Down Payment Assistance Amount:  Up to ~$25,000 Terms:  0% deferred payment loans Eligibility:  Must meet HUD income guidelines; purchase property in Gloucester County More Info:   Gloucester County Program 10. Northfield Bank Homebuyer Dream Program Amount:  Up to ~$20,000 Eligibility:  Low-to-moderate income first-time homebuyers; purchase with partner bank More Info:   Northfield Bank Program 11. NACA Homebuyer Assistance Program Amount:  N/A — it is a mortgage product that covers all upfront costs (no down payment, no closing costs) Terms:  Eliminates typical fees (including no mortgage insurance), provides below-market fixed rate. Eligibility:  Qualified buyers who attend a NACA Homebuyer Workshop, commit to occupancy, and meet program member requirements (ownership of no other property at closing) More Info:   NACA Homebuyer Program If you’re purchasing a home through NACA in New Jersey, your home inspector must be certified with the program to complete your closing. To find a certified NACA home inspector, visit https://aahinspection.com/

When most people hear the term estate planning , they picture someone with multiple properties, investment portfolios, and a vacation home by the beach, but here’s the truth, estate planning isn’t just for the wealthy. If you have a family, a home, a car, a bank account, or even personal belongings that matter to you, you already have an estate . And having an estate means you need a plan for it. Myth #1: “I Don’t Have Enough Money to Need an Estate Plan.” Many people believe estate planning is only necessary when you’ve “made it.” But even if you don’t consider yourself wealthy, you still have assets and those assets need direction. Think about your checking and savings accounts, your car, your home, your personal belongings, or even your digital assets like photos and online accounts. Without a plan, the state decides how those things are distributed, not you. Estate planning is about control ensuring that what you’ve worked for (no matter how big or small) goes exactly where you want it to go. Myth #2: “I’m Too Young for Estate Planning.” Life is unpredictable. Tragedies, illnesses, or accidents can happen to anyone, at any time. Estate planning isn’t about expecting the worst, it’s about being prepared for whatever comes. A proper estate plan ensures your wishes are honored and that the people you love aren’t left to make difficult decisions in a crisis. Even a simple will, power of attorney, and healthcare directive can make a world of difference for your family. Myth #3: “I Don’t Need a Plan — My Family Will Figure It Out.” This is one of the most painful misconceptions. Without clear legal guidance, your family could face lengthy court processes, added expenses, or even disputes during an already emotional time. Estate planning removes the guesswork. It provides direction, reduces stress, and helps your loved ones focus on what truly matters - supporting each other, not sorting through confusion. Myth #4: “Estate Planning Is Too Complicated.” It doesn’t have to be. A qualified estate planning attorney can guide you through the process step by step explaining your options and helping you create a plan that fits your life and your goals. From basic wills to more comprehensive trusts, there are solutions for every family and every budget. Estate Planning Is About Love, Not Wealth Estate planning isn’t about how much money you have, it’s about how much you care. It’s about protecting your loved ones, securing your future, and leaving behind a legacy of peace and clarity. Whether you’re a young professional just starting out, a parent raising kids, or someone planning for retirement, now is the perfect time to start. Book Your Free Consultation In honor of Estate Planning Awareness Week, we’re offering free estate planning consultations to help you understand your options and create a plan that truly reflects your values. Protect what matters most - your family, your peace of mind, and your future.