nj 1st time buyer: New Jersey First Time Home Buyer Programs and Options - 05/29/10 04:23 AM
New Jersey Housing and Mortgage Finance Agency (NJHMFA) mortgage interest rates as of May 10, 2010. This includes the Smart Start NJ First Time Home Buyer Program. Smart Start allows a home buyer to obtain the required downpayment for an FHA loan. As an example, a home buyer purchase a home for $100,000.  Their required down payment would be 3.5% (or $3,500). In this situation their loan amount would be $96,500. The Smart Start program offers the buyer 4% of the loan amount or in this case $3,860. ($96,500 x 4%). This covers all of the required down payment for an FHA loan and even … (2 comments)

nj 1st time buyer: NJ First Time Home Buyer Grant Program - 05/05/09 01:34 PM
New Jersey First Time Home Buyer Mortgage rates have changed.  The new rates are more familiar to us that have been in the NJ mortgage market for a while. First-Time Buyer rates were uncharacteristically much higher for the last several months, but have come down to where they actually make sense again for buyers. 
Important Note: A first-time buyer is considered someone who hasn't owned a home in the last three years.  So if that is you, then you can take advantage of this grant program. Grants are available from 2-4% of the purchase price, so for a $200,000 home your grant will be from … (6 comments)