NJHMFA Police and Firemen's Retirement System (PFRS) Mortgage Program

NJHMFA Police and Firemen's Retirement System (PFRS) Mortgage Program est un premier prêt hypothécaire pour les futurs propriétaires de New Jersey, sous la gestion de New Jersey Housing and Mortgage Finance Agency (NJHMFA). A special first-mortgage program funded by the Police and Firemen's Retirement System of New Jersey (PFRSNJ) and administered by NJHMFA. It offers active, currently-employed police officers and firefighters who are PFRS members with at least one year of creditable service a below-market fixed-rate mortgage to purchase a one- or two-family residence or condominium in New Jersey. The interest rate is set twice a year (February and August) at the 10-year Treasury bill plus 1%. Loans are originated through NJHMFA-approved participating lenders, for purchase transactions only. Below-market fixed rate (10-year Treasury + 1%, reset Feb and Aug). Funded by the PFRS pension fund for NJ police and firefighters. Purchase of 1-2 family homes and condos in NJ. No first-time homebuyer requirement (25% of funds reserved for first-time buyers). Secondary financing permitted per Fannie Mae guidelines. Le financement provient de Police and Firemen's Retirement System of New Jersey (PFRSNJ) pension fund; administered by NJHMFA.

NJHMFA Police and Firemen's Retirement System (PFRS) Mortgage Program est un premier prêt hypothécaire, remboursable selon les conditions fixées par New Jersey Housing and Mortgage Finance Agency (NJHMFA). Le remboursement est déclenché par Entire loan plus accrued interest due on the 120th day after borrower sells or ceases to occupy as principal residence; mortgage not assumable. L’aide est inscrite au rang suivant : First. Les conditions d’annulation et de remboursement sont fixées par le programme et peuvent changer — vérifiez-les sur la page officielle du programme avant de déposer une demande.

NJHMFA Police and Firemen's Retirement System (PFRS) Mortgage Program est ouvert à les futurs propriétaires qui occuperont le logement comme résidence principale. Condition de résidence : Property in NJ; occupy as principal residence within 120 days of closing. Borrower must be a currently employed police officer or firefighter who is a PFRS member with at least one year of creditable service (N.J.S.A. 43:16A-1 et seq.). Max LTV 85%; max mortgage = Fannie Mae conforming limit (landing page cites $766,550, a 2024 figure that may be stale). Mortgage is NOT assumable; entire balance plus accrued interest is due on the 120th day after the borrower sells or ceases to occupy as principal residence. NJHMFA standard DPA cannot be combined with PFRS. Tax risk: relies on a counsel opinion that loans are not taxable pension distributions. Loan term (30-year) appears on the landing page but not the fact sheet. MI required if down payment under 20%.

NJHMFA Police and Firemen's Retirement System (PFRS) Mortgage Program plafonne le prix d’achat ainsi : No stated max purchase price; max mortgage = Fannie Mae conforming limit (excluding high-balance/jumbo); landing page cites $766,550. Max LTV 85%. Les types de logements admissibles comprennent Single Family, 2-4 Unit, Condo et Vacant Land for Construction. Les constructions neuves sont admissibles.

NJHMFA Police and Firemen's Retirement System (PFRS) Mortgage Program cite les agents des forces de l’ordre et les pompiers parmi les groupes qu’il sert. Le programme est aussi réservé aux employés de Currently employed police officer or firefighter who is an active PFRS member with at least one year of creditable service. Être cité ici signifie que le programme mentionne ce groupe, et non que l’appartenance à ce groupe suffit à rendre un demandeur admissible — les autres règles d’admissibilité s’appliquent toujours.

NJHMFA Police and Firemen's Retirement System (PFRS) Mortgage Program s’adresse aux futurs propriétaires qui achètent partout dans l’État de New Jersey.

Les demandes pour NJHMFA Police and Firemen's Retirement System (PFRS) Mortgage Program passent par New Jersey Housing and Mortgage Finance Agency (NJHMFA), qui publie les conditions en vigueur et les étapes de la demande sur son propre site. Les fonds sont réservés par l’intermédiaire de Originated/reserved through NJHMFA-approved participating lenders. Hey Prescott n’est pas un prêteur et n’accepte pas de demandes ; cette page décrit le programme pour qu’un futur propriétaire puisse en parler à un prêteur ou à un conseiller en logement.