At Troys we have a waiting list of islanders who qualify as first time buyers and we contact them as soon as a qualifying property becomes available. These homes are advertised by local estate agents and are only sold to people who are first time buyers. If you own a first time buyer property, you must occupy that property as your principal residence. Information and public services for the Island of Jersey, L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri. First-Time Homebuyer Mortgage Program with Down Payment Assistance NJHMFA PROGRAM DESCRIPTIONS First-Time Homebuyer The New Jersey Housing and Mortgage Finance Agency’s (NJHMFA) First-Time Homebuyer Mortgage Program provides a competitive loan 30-year, fixed-rate government insured loan for eligible homebuyers purchasing a home in New Jersey. This means you can buy a home through schemes that various housing providers offer. Our team of conveyancers provide an exceptional service for all our first time property buyer clients that is timely, accurate and pragmatic, and handled in an uncomplicated and friendly way. HMFA, the creator of The Road Home New Jersey: A Guide for the First-Time Homebuyer, is here to help guide you to your destination and help you over-come detours that may stand in your path as you travel toward owning your first home. You’ll also pay a reduced amount of land transaction tax if you are buying a share transfer property. The more you know the less you have to be anxious about. This means that you have not owned a … Buying a home in South Jersey for the first time can be scary. The New Jersey Housing and Mortgage Finance Agency (NJHMFA) offers these loans exclusively to first time home buyers, to help them get their first home. Those with ‘entitled’ status are free to purchase any type of property on the island either to live in or to rent. First time buyer restricted properties in Jersey. The qualifying criteria, set by the States of Jersey, is tightly controlled. A resource for first time homebuyers looking for useful Information on purchasing their first home. A first time buyer is a potential home buyer who has never owned property before. If you live in Jersey and need help upgrading call the States of Jersey web team on 440099. gov.je. You will count as a first time buyer if you: Your circumstances are considered individually by the Housing Minister, for example if you have: Your circumstances are considered individually by the Housing Minister. Therefore, if you would like to be one of the first to know about an available first time buyer home - or would like to sell one to someone on our database - please Contact Us for more information. You’ll also pay a reduced amount of land transaction tax if you are buying a share transfer property. In working with homeowners of all ages throughout New Jersey, Realtors understand how exciting and potentially nerve-wracking the decision to purchase a first home can be. Jersey Development Company understands that getting onto the property ladder can be daunting and finding the deposit is often the first hurdle. The information below, taken from www.gov.je, gives more details about the scheme and those who qualify. We understand that no two New Jersey homebuyers’ needs are the same, and we are here to provide you You are not allowed to let a first time buyer property to another person. This term includes both true first time buyers and those who fall within the exemptions below. Affordable housing purchase schemes and how to apply. First Time Home Buyer Seminar- Learn what to expect from your Realtor & Loan Officer. Learn More The information below, taken from www.gov.je, gives more details about the scheme and those who qualify. Being a first time buyer means that you can buy a home on a specially designated first time buyer development. If you’re a first time buyer, you can receive certain perks that help get you on the property ladder. A “first time buyer” is defined as a person who has entitled residential status and has never owned or had an interest in a property in Jersey or elsewhere. If you’re a first time buyer, you can receive certain perks that help get you on the property ladder. You are not allowed to let a first time buyer property to another person. Property developments classed as First Time Buyer Schemes may have different criteria to that of the stamp duty concessions and so it is always best to check with your lawyer if you are unsure. First time home buyers in New Jersey may avail of a competitive 30-year, fixed-rate, government-insured loan provided by the New Jersey Housing and Mortgage Finance Agency (NJHMFA). 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