How NJHMFA helps you
$0 Down & Money
for Closing Costs
FHA Buyer's Choice
CMG Home Loans is a registered trade name of CMG Mortgage, Inc., NMLS ID #1820 in most, but not all states. CMG Mortgage, Inc. is an equal housing lender. Licensed by the Department of Financial Protection and Innovation (DFPI) under the California Residential Mortgage Lending Act No. 4150025.; AK #AK1820; AZ #0903132; Colorado regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #15438; Hawaii Mortgage Loan Originator Company License No. HI-1820. Mortgage Servicer License No. MS068. Massachusetts Mortgage Lender License #MC1820 and Mortgage Broker License #MC1820; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker – NYS Department of Financial Services; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000; Licensed by the Oregon Division of Financial Regulation #ML-3000; Rhode Island Licensed Lender #20142986LL; Registered Mortgage Banker with the Texas Department of Savings and Mortgage Lending, and Licensed by the Virginia State Corporation Commission #MC-5521. Licensed by the Washington Department of Financial Institutions under the Consumer Loan Act No. CL-1820. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia. Offer of credit is subject to credit approval. NMLS Consumer Access (www.nmlsconsumeraccess.org).
Anthony Barber
Branch Manager, NMLS ID# 210951
Contact Your
Local Lender For More Information!
What is a first-generation home buyer?
No first-time buyer, geographic,
or military requirements!
An individual:
Whose parents or legal guardians do not have any present ownership interest in any residential real property in any state or territory of the United States
Whose spouse, or domestic partner, and each member of whose household has not, during the 3-year period ending upon acquisition of the eligible home to be acquired using such assistance, had any present ownership interest in any residential real property used as their principal residence in any state or territory of the United States. or outside the United States
An individual who has at any time been placed in foster care in the State of New Jersey
AND
OR
$0 Down
No first-time buyer, geographic, or military requirements!
What is a
first-generation home buyer?
An individual:
Whose parents or legal guardians do not have any present ownership interest in any residential real property in any state or territory of the United States
Whose spouse, or domestic partner, and each member of whose household has not, during the 3-year period ending upon acquisition of the eligible home to be acquired using such assistance, had any present ownership interest in any residential real property used as their principal residence in any state or territory of the United States. or outside the United States
An individual who has at any time been placed in foster care in the State of New Jersey
AND
OR
How NJHMFA helps you
30-year Fixed Rate First Mortgage
Down Payment Assistance (DPA) Program
Smart Start Plus
First-Generation Home Buyer
Program
Up to $22,000 towards down payment & closing costs!
& Money for
Closing Costs
FHA Buyer's Choice
The down payment assistance programs come as forgivable second loans*. Check out the county list to see how much you could get towards your down payment!
County List
Amount of Smart Start DPA
First-Generation Home Buyer
Total Amount
Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, Salem, Sussex, Warren
$10,000
$7,000
$17,000
Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Union
$15,000
$7,000
$22,000
30-year Fixed Rate First Mortgage
Down Payment Assistance (DPA) Program
Smart Start Plus
First-Generation Home Buyer
Program
Up to $22,000 towards down payment & closing costs!
*Loan is forgiven over a period of 5 years, as long as the borrower remains in property as their primary residence. If home is sold, transferred or no longer is borrower’s primary residence, the unforgiven funds will become due and payable
Consider the FHA Buyer’s Choice Program ALSO can be combined with HomeFundItTM
Does not require
First-time buyer
Home buyer education
Special home location
Military experience
Certain income limit
5-yr forgivable down payment grant
OR
10-yr repayable second mortgage for your down payment AND a lower mortgage rate on your primary loan
The Choice
Plus, it allows for lower credit scores than some other down payment assistance programs and has a higher loan-to-value (LTV)
If you choose the 10-year option, you can also get a LOWER INTEREST RATE on your main loan
What does this mean?
It can cover a buyer's entire down payment AND some closing costs
101.5% LTV
If the NJHMFA
isn’t for you,
consider the FHA Buyer’s Choice Program ALSO Available outside
of NJ
Special home location
Military experience
Certain income limit
First-time buyer
Home buyer education
Does not require
Plus, it allows for lower credit scores than some other down payment assistance programs and has a higher loan-to-value (LTV)
What does this mean?
It can cover a buyer's entire down payment AND some closing costs
101.5% LTV
If you choose the 10-year option, you can also get a LOWER INTEREST RATE on your main loan
10-yr repayable second mortgage for your down payment AND a lower mortgage rate on your primary loan
5-yr forgivable down payment grant
OR
The Choice
Anthony and his were amazing! Cannot wait to get another one. I would definitely recommend Anthony and his team!
AMAZING
Ernst R.
Google Review (Aug. 2024)
Anthony helped me close on
my first home. He was incredibly knowledgeable and always available to answer any and all questions. A first mortgage can be daunting and his team made the entire process seamless. Cannot say enough good things about Anthony and the CMG team, would highly recommend to anyone looking for a top tier lender.
HIGHLY RECOMMEND
Thomas M.
Testimonial Tree Review (Sept. 2024)
I am both so pleased and at a
loss for words at how smooth
and quick the process went.
Justin Trinidad and Anthony Barber did an outstanding job helping
me achieve my necessary goals.
CMG Home Loans is the best. Very trustworthy, reliable, and awesome customer satisfaction. Thank you for everything the team did for me.
THANK YOU
Catherine A.
Testimonial Tree Review (Sept. 2024)
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Testimonials
CMG Mortgage, Inc. dba CMG Home Loans, NMLS ID# 1820 (www.nmlsconsumeraccess.org), is an equal housing lender. Licensed by the Virginia State Corporation Commission #MC-5521. Registered Mortgage Banker with the Texas Department of Savings and Mortgage Lending. Rhode Island Licensed Lender. Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000. Licensed Mortgage Banker-NYS department of financial services. Licensed by the NJ Department of Banking and Insurance. Massachusetts Mortgage Broker and Lender MC1820. Georgia Residential Mortgage Licensee #15438. Licensed by the Department of Financial Protection and Innovation (DFPI) under the California Residential Mortgage Lending Act No. 4150025. AZ license #0903132. To verify our complete list of state licenses, please visit http://www.cmgfi.com/corporate/licensing.
CONSUMERS WISHNG TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.
This website is not authorized to take applications in New York.