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  • Hmfa Form 10 Proforma Instruction Sheet - State Of New Jersey

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For eligible costs. Ineligible costs may be funded with the sponsor s equity contribution. e) Environmental Clearances: Estimated cost of obtaining all applicable permits and clearances from local, state and Federal environmental authorities. f) Surety & Bonding: Premium for obtaining 100% payment and performance bonds when using HMFA construction financing. A warranty or maintenance bond may be used when using HMFA permanent financing only. Alternatively, a letter of credit equal to 10% of t.

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Property must be occupied as the Borrower's primary residence within 60 days of closing. Borrower must maintain occupancy for the life of the loan. Borrower(s) must meet credit score and debt-to-income requirements. The property must be located in the state of New Jersey.

New Jersey home buyer stats Average Home Sale Price1$500,000Minimum Down Payment in NJ (3%)$15,00020% Down Payment in NJ$100,000Average Credit Score in NJ2724Maximum NJ Home Buyer Grant3Up to $40,000 in Jersey City Sep 7, 2023

ERMA funds can cover delinquent homeowner obligations including mortgage payment principal, interest, taxes and homeowner's insurance; reinstatement assistance; and other housing related costs including but not limited to escrow shortages, delinquent taxes, homeowner's insurance payments, and payments to lienholders ...

Eligibility requirements: All borrowers must have a FICO score of at least 620, and not have enough liquid assets to close a mortgage at 80% LTV or less.

The New Jersey Housing and Mortgage Finance Agency (NJHMFA) advances the quality of life for residents of and communities throughout New Jersey by investing in, financing, and facilitating access to affordable rental housing and homeownership opportunities for low and moderate-income families, older adults, and ...

Application Fee: The 9% application fee is $4,000.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232