The City of Jersey City, the New Jersey Housing Mortgage Finance Agency (NJHMFA) and private lenders are pleased to announce a partnership offering residents the Jersey City Live Where You Work Program. This special home mortgage incentive program provides more flexible underwriting criteria for the loan qualification process, low-interest mortgage loans, and down payment assistance to home buyers who will live and work in Jersey City.

This important program will foster homeownership, create better communities, reduce traffic congestion and spur continuing investment in our city. Whether you work and live in Jersey City already, or you work in Jersey City and would like to live here, take a look and determine if this program is right for you. This program is open to all occupations in all government, business and non-governmental organizations. Teachers, firefighters, police officers, and nurses are particularly encouraged to apply.

What is Live Where You Work Jersey City?
Live Where You Work Jersey City is a special home mortgage incentive program that provides low-interest mortgage loans to people who work in Jersey City and who are looking to purchase a home in Jersey City. The goal of the program is to:

  1. Strengthen our neighborhoods and increase community involvement through homeownership;
  2. Attract individuals who work in Jersey City to also live in our City; and
  3. Develop positive relationships between Jersey City and members of the local business and residential communities.

What are the benefits of Live Where You Work Jersey City?
The primary benefits of Live Where You Work Jersey City include:

  • Low-interest mortgages for first time home buyers
  • Down payment and closing cost assistance for the purchase of a home
  • More flexible underwriting criteria for the loan qualification process

This program may be used to purchase a home anywhere in Jersey City. Greater flexibility is available to home buyers buying in one of NJ HMFA's Jersey City Urban Target Area neighborhoods. Home buyers in Urban Target Area neighborhoods are afforded the following:

  • Home buyers do not have to be first time home buyers
  • Enhanced maximum income limits and purchase price limits


Location 1-2 Family 3+ Household
City wide $87,600 $100,740
Urban Target Area $105,120 $122,640


Location New 1 family (including condos) New 2 Family Existing 1 Family Existing 2 Family Existing 3 Family Existing 4 Family
City wide $656,775 N/A $656,775 $840,600 $1,016,325 $1,263,060
Urban Target Area






Where are properties for sale in the City of Jersey City?
The City of Jersey City would like to offer all prospective buyers an opportunity to research available properties for sale within its city borders. Please feel free to visit the HMFA’s Housing Resource Center. You may also visit, or contact your local realtor.

How do home buyers apply for a loan?
Contact 1-800-NJHOUSE, a lender from the list below, or another NJHMFA Live Where You Work program approved lender.

Lender* Telephone
Aurora Financial 856 596-6200
City National 973 624-0865
GMAC Mortgage Corporation 856 797-2121
Jersey Mortgage 908 276-2442
Superior Mortgage 888 562-6480
Wells Fargo 201 714-5640

*These approved NJHMFA Live Where You Work program lenders have indicated an interest in lending in Jersey City. Additional interested lenders will be added to the list as they are identified. Homebuyers may call these lenders or any lender from the complete NJ HMFA statewide list of approved lenders.

Appearance of a lender on either of these lists does not constitute an endorsement by the City of Jersey City of the lender or its practices or the guarantee of loan approval. Lenders in the LWYW program have met the NJHMFA approved participating lender eligibility criteria. Interest rates, origination fees and program guidelines are set by the NJHMFA. The NJHMFA is an agency of the State of New Jersey whose activities are governed by Statute under the direction of a Board of State Officers and appointed private individuals. The New Jersey Attorney General is a Board member and is counsel to the NJHMFA. Participating lenders may charge borrowers an application fee in accordance with the NJHMFA program guidelines. Loan origination fees are paid to the lenders by the NJHMFA.

If you are interested in learning more about the Live Where You Work mortgage program, please call 1-800-NJHOUSE or visit Live Where You Work.

Live Where You Work Brochure (1.8 MB PDF)

These limits are set by the federal government and are subject to change without notice. (Updated 11/19/2012 )
* Subject to mortgage qualification based on household income and other factors. The size of the loan qualified for depends on borrower’s income and may be significantly less than the maximum purchase price limit for the program.

© City of Jersey City | All Rights Reserved. Powered by Civiclive Connect. Engage. Serve