The New Jersey Housing and Mortgage Finance Agency (HMFA) helps make the mortgage process more affordable for first-time homebuyers, with the Smart Start program. Smart Start offers assistance with down payment and closing costs in the form of a second mortgage, of up to 4 percent of the first mortgage.

FHA Mortgage Loan Rates

October 23, 2017
FHA Rates for October 23, 2017
Offering 30 Year Fixed Mortgages
Offering 15 Year Fixed Mortgages
Use our mortgage calculators
to see what you can afford!
FHA.com is a private company, is not a government agency, and does not make loans.

Prequalify Now!

Compare mortgage rates for your refinance or home purchase loan.

CHOOSE A LOAN TYPE

then
get
your

FREE CREDIT SCORE

Do you know what's on
your credit report?
FHA.com is a private company, is not a government agency, and does not make loans.

HMFA Smart Start

Financial Assistance for Homebuyers in New Jersey

The New Jersey Housing and Mortgage Finance Agency (HMFA) helps make the mortgage process more affordable for first-time homebuyers, with the Smart Start program. Smart Start offers assistance with down payment and closing costs in the form of a second mortgage, of up to 4 percent of the first mortgage.


Eligibility requirements:
  • Applicants must be first-time homebuyers
  • Homebuyers must be participants in HMFA’s first mortgage homebuyer program
  • Area income and purchase limits apply
  • Homebuyers must be purchasing a home in a Smart Growth Area*

Borrowers must secure a first mortgage from one of the participating lenders:
  • 1st Advantage Mortgage
  • Acre Mortgage
  • Annie Mac
  • Ark Mortgage
  • Atlantic Home Loans
  • Caliber Home Loans
  • Corridor Mortgage Group
  • Equity Prime Mortgage
  • Family First Funding
  • Finance of America (formerly Gateway Funding)
  • First Choice Bank
  • FM Home Loans
  • Fulton Bank, N.A.
  • Funding Resources Mtg.
  • Gateway Mortgage Group
  • ISB Mortgage Co., LLC
  • Meridian Mortgage
  • Loan Depot DBA Mortgage Master
  • NJ Lenders Corp
  • Newfield National Bank
  • NVR Mortgage
  • Oak Mortgage
  • Prime Mortgage Lending
  • Pulte Mortgage
  • Santander Bank, N.A.
  • Trident Mortgage
  • Valley National Bank
  • Weichert Financial Services
  • Wells Fargo

* Smart Growth Area to include an area classified as one of the following:
  • Metropolitan Planning Area
  • Suburban Planning Area
  • A designated center
  • An area identified for growth as a result of either an initial or advanced petition for plan endorsement that has been approved by the State Planning Commission
  • A smart growth area designated by the New Jersey Meadowlands Commission
  • A Pinelands Regional Growth Area, Pinelands Village, or Pinelands Town as designated by the New Jersey Pinelands Commission

Down Payment Grants in New Jersey

The New Jersey Housing and Mortgage Finance Agency (HMFA) helps make the mortgage process more affordable for first-time homebuyers, with the Smart Start program. Smart Start offers assistance with down payment and closing costs in the form of a second mortgage, of up to 4 percent of the first mortgage.