If you are deciding to purchase your first home, seek advice from your Realtor, mortgage broker or lender on available state and federal assistance programs available to you. The Housing and Economic Recovery Act created a new $7,500 tax credit incentive for first-time home buyers. First-time buyers purchasing their homes between April 9, 2008 and July 1, 2009 can qualify. A multitude of programs and services are available to first-time buyers through the New Jersey Housing and Mortgage Finance Agency. A home mortgage incentive called Live Where You Work provides low interest mortgage loans to buyers purchasing in the (2 comments)