The First Generation Homebuyer Program is specifically designed to assist first-time buyers who are also first-generation homebuyers. This program acknowledges the challenges faced by individuals whose families have not previously owned homes and offers a stepping stone towards building generational wealth through homeownership.


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Key Benefits of the Program

  • Financial Support: Offers financial assistance towards a down payment and/or closing costs.
  • Combination with Down Payment Assistance: Must be paired with the NJHMFA Down Payment Assistance Program, potentially increasing total assistance to a substantial amount of $22,000.
  • Forgivable Loan: The assistance is provided as a forgivable second mortgage, making it financially manageable.
  • Focus on First-Generation Buyers: Specifically targets individuals breaking the family tradition of renting and moving towards homeownership.

Eligibility Criteria

  • First-Time and First-Generation Buyer: Applicants must be both first-time homebuyers (haven’t owned a home in the past three years) and first-generation homebuyers.
  • Definition of First-Generation Buyer:
    • Individuals whose parents or legal guardians have never owned a home or those who have been in foster care in New Jersey.
  • Income and Credit Requirements: Must meet specific income limits and credit score criteria.
  • NJHMFA Mortgage Requirement: Must be paired with a qualifying NJHMFA first mortgage loan.
  • Contact Us: Call us for any questions. We specialize in NJHMFA loans. 866-761-7979

Application Process

  • Initial Consultation: Reach out to Advisors Mortgage to discuss your eligibility and the specifics of the program 866-761-7979.
  • Pre-Approval for Mortgage: Obtain pre-approval for an NJHMFA first mortgage loan.
  • Home Search: With pre-approval in hand, begin the exciting journey of finding your new home in New Jersey.

Why Choose the First Generation Homebuyer Program?

  • Reduced Financial Burden: With financial assistance supplements, the program significantly reduces the initial financial hurdles of buying a home.
  • Empowering First-Generation Buyers: It specifically caters to those who are pioneering homeownership in their families.
  • Expert Guidance: Advisors Mortgage offers personalized support, ensuring a smooth and informed homebuying experience.

Take the Next Step with Advisors Mortgage

Embark on your journey to homeownership with the First Generation Homebuyer Program. Contact Advisors Mortgage for expert advice and assistance in navigating this program. Our team is dedicated to helping you understand the process and make informed decisions as you take this significant step towards owning your first home.

Get in touch with us today or call 866-761-7979 to start your journey as a first-generation homeowner in New Jersey.

Contact Our NJHMFA Experts

Connect with our dedicated team of NJHMFA mortgage advisors to explore your options.


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Advisors is a multi-state mortgage banker that believes in delivering a seamless, stress-free mortgage experience to all of our customers.

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