First Generation Down Payment Assistance Program

First Generation Down Payment Assistance Program是面向Statewide，New Jersey购房者的可免除贷款。 Launched in 2024, the NJHMFA First Generation Down Payment Assistance Program is a Smart Start Plus tier that adds $7,000 to the standard NJHMFA Down Payment Assistance Program for qualified first-time homebuyers who are also first-generation homebuyers (defined as borrowers whose parents have never had a present ownership interest in residential real property, OR who have at any time been placed in foster care in New Jersey). The combined assistance totals $17,000-$22,000 depending on county, structured as an interest-free, 5-year forgivable second mortgage with no monthly payment. Must be paired with an NJHMFA first mortgage. During its first full year (2024), first-generation buyers comprised 38% of total NJHMFA DPA loan volume. Provides $7,000 of additional down payment and closing cost assistance to qualified first-time, first-generation homebuyers, on top of the standard NJHMFA Down Payment Assistance Program ($10,000-$15,000 by county). Combined total: $17,000-$22,000. Structured as an interest-free, 5-year forgivable second mortgage with no monthly payment. fully forgiven if the borrower remains in the home for 5 years. 资金来自State和Bond。

First Generation Down Payment Assistance Program在5年后免除，因此住满这段时间的购房者无需偿还。 触发还款的情形：Sale, refinance (without approved subordination), transfer of property, or property no longer used as primary residence prior to the 5-year forgiveness period和balance forgiven 1/5 per year and fully forgiven on the 5th anniversary of closing。 该援助以2nd Lien顺位留置权登记。 免除和还款条款由项目设定，并可能变化——申请前请在项目官方网页上确认。

First Generation Down Payment Assistance Program面向首次购房者和将房屋作为主要住所自住的购房者。 此处的“首次”有例外情况：Borrowers purchasing in an Urban Target Area (UTA) and qualified veterans may be exempt from the 3-year first-time-homebuyer requirement (per NJHMFA first-mortgage rules); foster-care path under (b) waives the parents' ownership test of (a)(1). 关于信用，该项目说明：620 minimum FICO (per NJHMFA first-mortgage product/insurer overlays, FHA/VA/USDA)。 须参加购房者教育课程，由NJHMFA-approved / HUD-approved homebuyer education and pre-purchase counseling providers; see Find a Counselor at https://www.nj.gov/dca/hmfa/homeowners/counselor提供。 居住要求：Property must be located in New Jersey and used as the borrower's primary residence。 公民身份或移民身份：U.S. citizen or qualified non-citizen / lawful permanent resident (per NJHMFA first-mortgage requirements)。 Must be a first-time homebuyer (not owned a home in past 3 years) AND a first-generation homebuyer, defined as: (a) an individual whose parents or legal guardians do not have any present ownership interest in any residential real property in any U.S. state/territory or outside the U.S., AND whose spouse/domestic partner and household members have not had any present ownership interest in residential real property used as their principal residence during the 3-year period ending upon acquisition; OR (b) an individual who has at any time been placed in foster care in the State of New Jersey. Must be paired with an NJHMFA first mortgage. Pre-purchase homebuyer education required.

First Generation Down Payment Assistance Program将家庭收入限制在$176,410。 该限制适用于家庭总收入，而不仅是借款人的收入。 地区收入中位数由HUD公布并每年更新，因此在依据某个数字之前，请查看该县的最新表格。

First Generation Down Payment Assistance Program将房价上限设为$2.4M。 符合条件的房屋类型包括1-4 unit owner-occupied dwellings, condominiums, planned unit developments (PUDs)和per NJHMFA first-mortgage program。 新建房屋符合条件。 预制房屋符合条件。

First Generation Down Payment Assistance Program在其服务群体中提到了退伍军人、现役军人、预备役人员和国民警卫队成员和遗属配偶。 在此列出仅表示项目提到了该群体，并不表示仅凭群体身份即可使申请人符合条件——其余资格规则仍然适用。

First Generation Down Payment Assistance Program服务于在Statewide，New Jersey购房的购房者。 该项目针对特定区域：NJHMFA Urban Target Areas (UTAs) - federally designated targeted census tracts in NJ - receive higher purchase price and income limits and waive the 3-year first-time-homebuyer requirement. Includes census tracts in cities such as Trenton, Newark, Paterson, Camden, Atlantic City, New Brunswick, Jersey City, and others.

First Generation Down Payment Assistance Program的申请通过管理该项目的机构办理，该机构在其网站上公布现行条款和申请步骤。 资金通过Reserved by NJHMFA Participating Lender at the time of first-mortgage reservation through NJHMFA's lender portal预留。 Hey Prescott不是贷款机构，也不受理申请；本页介绍该项目，方便购房者向贷款机构或住房咨询师咨询。