First-Time Home Buyer in New Jersey

    A clear guide to buying your first home in NJ — programs, costs, credit, and the steps that actually matter.

    What first-time buyers in NJ should know

    • NJHMFA offers up to $15,000 in down payment assistance
    • FHA loans allow 3.5% down with credit scores 580+
    • Property taxes vary widely by town — budget carefully
    • Closing costs typically run 2–5% of the purchase price

    Steps to buying your first home

    1. Estimate what you can afford with our calculator
    2. Get pre-approved with a local mortgage expert
    3. Tour homes in your target towns
    4. Make an offer and lock your rate
    5. Close and get the keys

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