First-Time Home Buyer in Bergen County, NJ
Get up to $15,000 in down payment assistance. Buy with as little as 3.5% down (FHA) or 0% down (VA/USDA). We guide Bergen County first-time buyers through every step.
NMLS 1577754 • Licensed in NJ, NY, PA, CT, MD, OH, GA
Why Buy in Bergen County as a First-Time Buyer?
Up to $15,000 Assistance
NJHMFA provides up to $15,000 in forgivable down payment assistance. Forgiven after 5 years of occupancy. No monthly payments required.
Low Down Payment Options
FHA: 3.5% down • Conventional: 3% down • VA: 0% down • USDA: 0% down for eligible rural areas in Bergen County.
Strong Market Appreciation
Bergen County median home price: $749,714 (up 16.2% YoY). Top-rated schools, NYC access, stable property values.
NJ Down Payment Assistance Programs
Help with your down payment and closing costs
NJHMFA Down Payment Assistance
Up to $15,000 forgivable loan for down payment and/or closing costs. Forgiven after 5 years of continuous occupancy. No interest, no monthly payments.
First Generation Down Payment Assistance
Additional $7,000 for buyers whose parents/guardians don't own residential property, or who were in NJ foster care.
FHA 3.5% Down Payment
Federal Housing Administration loans allow just 3.5% down with credit scores as low as 580. Gift funds from family allowed.
VA Loans (0% Down for Veterans)
Veterans, active duty military, and eligible spouses can buy with $0 down. No PMI required. Competitive interest rates.
Bergen County Home Buying Reality
Market Snapshot
Down Payment Examples
First-Time Buyer Requirements in NJ
What you need to qualify for first-time buyer programs
✅ You Qualify If:
- No home ownership in past 3 years
- Primary residence in New Jersey
- Meet income limits (varies by county/household size)
- Complete homebuyer education course
- Credit score 580+ (FHA) or 620+ (Conventional)
📋 Required Documents:
- 2 years tax returns and W-2s
- 2 months bank statements (all accounts)
- Recent pay stubs (30 days)
- Photo ID and Social Security card
- Pre-approval letter (we provide this)
Ready to Buy Your First Home in Bergen County?
Get pre-approved in 24 hours. We'll help you access all available down payment assistance programs and find the best loan for your situation.
Jimmy Joseph MBA • NMLS 1577754 • jjoseph@cmghomeloans.com