March 16, 2023
Lender Bulletin 2023-7:
NJHMFA Underwriting Review Timelines
Effected Programs: First-Time Home Buyer, Homeward Bound, HFA Advantage, and the Down Payment Assistance Program 
Effective Date: March 13, 2023
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:
NJHMFA Underwriting Review Timelines
NJHMFA communicates our underwriting review timelines on our daily rate sheet. Due to increasing loan volume, NJHMFA is temporarily increasing the expected timeline for initial review to 5 business days, and 2-3 days for resubmissions.

Files are reviewed in the order of receipt, and lender requests for rush review will only slow down the process for all loans. Please plan accordingly and allow enough time prior to closing to allow for both the initial review and any resubmission for outstanding conditions. 

As a reminder, AUS findings must be followed, the full list of documents required per the Lender Underwriting Checklist must be submitted, and the file must be fully underwritten (clear-to-close other than NJHMFA review) prior to submission to NJHMFA for review. 
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

Access Forms, Checklists, Policies, Previous Lender Bulletins, and More at the Lender Resources Page:
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New Jersey Housing and Mortgage Finance Agency | 609-278-7400 |