May 4, 2021
Lender Bulletin 2021-2:
NJHMFA Updated Income and Purchase Limits 
Effected Programs: FTHB & Homeward Bound
Effective Date: 5/1/21
Due to the current health concerns related to COVID-19, the vast majority of NJHMFA staff will be working remotely until further notice. Please contact Agency staff via their work email address. NJHMFA encourages all of our business partners and constituents to submit any and all documentation in an electronic format whenever possible as staff will continue to check email and review information submitted electronically.  
Attention Lenders:
 
First-Time Home Buyer (FTHB) Program maximum income and purchase price limits for Statewide and Urban Target Areas (UTAs) and Homeward Bound Program maximum income and purchase price limits have been updated in our system and can be accessed below or through the Lender Portal. 

Federal Housing Administration (FHA) and Veteran Administration (VA) maximum mortgage amounts prevail if more restrictive.

Please refer to the new limits going forward for qualifying purposes. The updated limits apply for new reservations. Pipeline loans reserved prior to the system changes will be honored under the old limits.
Questions? Need Help? 
If you have questions about one of our loan products or need help with a loan in the ILRS system, please e-mail your requests to SFLenders@njhmfa.gov.

Access forms, checklists, policies, previous lender bulletins and more on the NJHMFA Lender Portal. 
Was this email forwarded to you? Sign up for our email list to stay up to date on NJHMFA news.
New Jersey Housing and Mortgage Finance Agency | 609-278-7400 | NJHousing.gov