There are some great programs in the state of NJ for the first time buyer on top of the $8000.00 Federal Tax Credit 

Here are a few of the programs.

1. USDA Loan- 100% financing, fixed rates, not just for 1st time home buyers, ratios 29/41%, income limits, seller concession & gift money .

2. NJ Smart Start Program- 1st time home buyers only, purchasers in a Smart Growth may be eligible to receive a grant in the form of a forgivable second loan to cover down payments and closing costs. 

3. 1st time home buyer program through most banks.

4. 1st time buyers down payment & closing cost assistance program thorught Housing & Community Devlopment.

5. FHA- todays hottest home financing program.

First Time Homebuyers Tax Credit- Get up to $8,000 for Your Home purchase. Remember that time is running out. There is only 172 days left before this tax credit runs out. Dont miss such a great opportunity to buy a home. If you are not sure how the program works give your Realtor a call or any mortgage company.

NJAR will be hosting a series of educational events for the potential buyers , titled, THE CLOCK IS TICKING: TIME TO HARNESS YOUR HOME BUYING POWER. The first series will begin in Central NJ on June 24 at the NJ Convention & Expostion Center at The Rartitan Center, Edison,NJ from 6-8pm. To register for this seminar, emailing events@njar.com.