New Jersey HomeSaver offers eligible homeowners up to $50,000 in financial assistance to help bring their household monthly payment to an affordable level by using HHF funds to facilitate a refinance, recast, or permanent modification of the first mortgage loan.

You may be eligible for NJHHF assistance if you:

• Are a New Jersey homeowner at risk of foreclosure through no fault of your own.
• Own only one residential home (one, two, or three-units), and currently reside in that home.
• Suffered a qualifying involuntary financial hardship that caused or will cause you to fall behind on your mortgage payment.
  • Hardships that may qualify homeowners for assistance include:
    • An involuntary loss of employment income.
    • A reduction in household income due to underemployment or other demonstrated financial hardships including medical, divorce, disability or death.

New Jersey HomeSaver is funded through a federal grant from the United States Treasury’s Hardest Hit Fund awarded to States most impacted by unemployment and underemployment.

UPDATE:  THIS PROGRAM NO LONGER EXISTS.  FOR CURRENT FORECLOSURE AND MORTGAGE HELP VISIST OUR RESOURCES PAGE:  https://sjhouses.com/foreclosure-help

Information provided courtesy of New Jersey Housing and Mortgage Finance Agency