Finance
Which NJ program provides below-market-rate mortgage financing primarily for first-time homebuyers with moderate incomes?
ANJ Division of Taxation Homestead Program
BNew Jersey Housing and Mortgage Finance Agency (NJHMFA) First-Time Homebuyer Program✓ Correct
CNJ Department of Community Affairs Rental Assistance
DNJ Economic Development Authority Grant Program
Explanation
The NJHMFA offers below-market fixed-rate mortgages to qualifying first-time buyers meeting income and purchase price limits. These loans are funded through tax-exempt bond proceeds and are administered through participating lenders statewide.
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