NJ First-Time Home Buyers


NJ First Time Home Buyer Grant Program

New Jersey First Time Home Buyer Mortgage rates have changed.  The new rates are more familiar to us that have been in the NJ mortgage market for a while. First-Time Buyer rates were uncharacteristically much higher for the last several months, but have come down to where they actually make sense again for buyers. 

Important Note: A first-time buyer is considered someone who hasn't owned a home in the last three years.  So if that is you, then you can take advantage of this grant program. Grants are available from 2-4% of the purchase price, so for a $200,000 home your grant will be from $4,000 - $8,000, depending on which option you choose.

These first-time buyer loans can be up to 100% financing, and are 30-year fixed loans. These loans have income limitations, but have very high limits considering.

First Time Home Buyer 30 Year Term

5.750% - First Mortgage with no grant assistance

6.125% - First Mortgage with 2% grant assistance

6.250% - First Mortgage with 3% grant assistance

6.500% - First Mortgage with 4% grant assistance

The 40 year team requires an additional add-on of .125%

Also Available:

Tax Credit "Prefund" Mortgage Program

Purchase/Rehabilitation Mortgage Program

Live Where You Work Program

Treasury Mortgage is one of two servicers in the state of New Jersey to handle these first-time buyer grant programs. If you are considering this type of program, why not start with the end in mind? We will service this loan from day one, which also gives us more flexability regarding your loan.


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Steve Kappre is a Mortgage Planner and lends in all 50 states, locally serving South Jersey’s Gloucester, Camden, and Salem County. Steve specializes in;

• All areas concerning First-Time Home Buyer Mortgages, grants, down payment assistance, police and fire loans, rehab loans, and more.

Reverse Mortgages

• Equity Management strategies for high-end homes and high net worth individuals.

Contact Steve Kappre directly at 856-419-3561 or at www.stevekappre.com

Steve Kappre - Just Google Me!

Comment balloon 6 commentsStephen Kappre • May 05 2009 08:34PM


Steve good job creating awareness for these mortgage programs. I hope you write a few of them!

Posted by Bill Gassett, Metrowest Massachusetts Real Estate (RE/MAX Executive Realty) almost 9 years ago

Now that the rates have come down a full 1%, I'll get much busier with these.

Posted by Stephen Kappre, Helping You Home (KW Hometown) almost 9 years ago

Steve- Yes, as Bill said, great job letting people know about these mortgage programs.  If I was first time homebuyer in New Jersey, would definitely be all over this and contacting you !


Posted by Christopher and Stephanie Somers - Realtors - Philadelphia Real Estate (Realtor / Owner - RE/MAX Access) almost 9 years ago

Chris and Stephanie - We can do it in PA too ;) Let me know if you are in need of a lender for such.

Posted by Stephen Kappre, Helping You Home (KW Hometown) almost 9 years ago

Good you posted this Steve.  A couple days ago I tweeted that the $5000 with a 6.5% rate was a suckers loan.  5.5% is more like it.   You are always on top of it.


Paul Howard

Posted by Paul Howard, Paul Howard Realty, 856-488-8444 (Paul Howard, Broker, Paul Howard Realty 856-488-8444) almost 9 years ago

Paul - Yes, it is nice for First Time buyers in NJ to have some options again. This drop may bring a bunch of buyers out that needed such an option specifically, that is, needed it without getting crushed by an interest rate!

Posted by Stephen Kappre, Helping You Home (KW Hometown) almost 9 years ago

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