New Jersey program
New Jersey Police and Firemen?s Retirement System Mortgage Program
New Jersey ยท New Jersey Housing and Mortgage Finance Agency
Quick answer
What this program appears to offer
Current rate is based on the 10-year Treasury bill plus 1%, and the maximum mortgage amount is determined by Fannie Mae.
State-backed first mortgage
State-backed first mortgage
Standard first-mortgage repayment applies. The borrower must occupy the residence as a principal residence within 120 days of closing and remain there for the life of the loan.
Not required
Trust layer
Program structure and lender rules
These fields stay free because they describe the official program rules, not a paid decision layer.
Required
Required
Not forgivable or not captured
non owner occupancy
Who qualifies
Law enforcement officers, Firefighters
What support you get
Current rate is based on the 10-year Treasury bill plus 1%, and the maximum mortgage amount is determined by Fannie Mae.
Do you repay it?
Standard first-mortgage repayment applies. The borrower must occupy the residence as a principal residence within 120 days of closing and remain there for the life of the loan.
How to apply
Apply through a participating lender.
Direct official links
Official source evidence
NJHMFA says this program is available for purchase transactions only through private participating lenders. The fact sheet says eligible borrowers are currently employed police officers or firefighters who are members of the Police and Firemen?s Retirement System with at least one year of creditable service.
Official documents
Last verified
2026-04-13
Updated 3.01.23