New Jersey Housing

One of the biggest challenges facing first-time homebuyers is having enough money for closing. Northpointe Bank offers several programs that can help. In partnership with the New Jersey Housing and Mortgage Finance Agency, qualified borrowers receive up to $15,000 towards down payment and closing costs. Buying a home may be more affordable than you think.

Program features:
  • Eligible for new or existing properties purchased anywhere in New Jersey
  • $15,000 in down payment and closing cost assistance in the form of a forgivable second mortgage*
  • Eligible for first-time-buyers, including buyers who have not owned a home in the last three years
  • Minimum credit score 620
  • Area median income loan limits may apply
  • Homebuyer education course may be required
*Down payment assistance provided in the form of a five-year deferred second mortgage with a 0% interest rate due upon sale, transfer, refinance or no longer using the property as a primary residence and not eligible for the Police and Firemen's Re˘Çćčrement System Mortgage Program (PFRS). This is not a commitment to lend. All loans subject to credit review and approval.