FHA Down Payment Assistance Program

FHA Down Payment Assistance Program

First-Time Homebuyers you can get money for down payment and closing costs!

Download printable flyer

Through NJ’s Housing and Mortgage Finance Agency, Greenway is able to offer First-time homebuyers in New Jersey an FHA  Mortgage with a $10,000 grant for down payment AND closing costs.

For more information fill out the form below and one of our Loan Officers will be in contact with you.

Program Details

  • $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

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. Eligibility requirements, exclusions and other terms and conditions apply.