Effective July 16, 2020, the Police and Firemen’s Retirement System Mortgage Program will suspend applications for refinance transactions. Existing PFRS Refinance Loans reserved on the NJHMFA ILRS will be not be impacted and are eligible for sale to NJHMFA / PFRS. Home purchase applications under the PFRS program are not impacted and will continue to be accepted.
PFRS refinance reservations will only be accepted on NJHMFA ILRS through the close of business on July 15, 2020. All applications taken by lenders must have a complete submission via NJHMFA ILRS by the close of business on July 15, 2020.