Foreclosure Information

New Jersey Foreclosure Assistance Programs

For Federal Assistance Programs Please Cont. To The Bottom Of This Page

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

New Jersey HomeKeeper - offers eligible homeowners up to $48,000 in financial assistance to cover arrearages and/or monthly mortgage payments (including principal, interest, taxes and insurance) for up to 12 months. 

The programs are funded through a federal grant from the United States Treasury's Hardest Hit Fund, awarded to states most impacted by unemployment and underemployment. The New Jersey Housing and Mortgage Finance Agency (NJHMFA) is the official administrator of the programs for the State of New Jersey.

For more information and to apply, please visit

New Jersey's Hardest Hit Fund

If you are in Foreclosure:

The State of New Jersey and the Federal Government provide a variety of programs to assist homeowners. Information about these programs is FREE.


Contact the Office of the Courts Foreclosure Mediation by visitinig New Jersey Foreclosure Mediation. This Foreclosure Mediation Program provides homeowners who are in foreclosure with access to housing counselors and court trained mediators to resolve foreclosure actions. A mediator and counselor will work with you and your lender to work out your mortgage so that your future payments will be affordable to you.

Federal Foreclosure Assistance Programs

Please Note

Some of the below programs may already be or will be discontinued

Making Home Affordable © (MHA): MHA is a critical part of the Obama Administration's broad strategy to help homeowners avoid foreclosure, stabilize the country's housing market, and improve the nation's economy.

Homeowners can lower their monthly mortgage payments and get into more stable loans at today's low rates. And for those homeowners for whom homeownership is no longer affordable or desirable, the program can provide a way out which avoids foreclosure. Additionally, in an effort to be responsive to the needs of today's homeowners, there are also options for unemployed homeowners and homeowners who owe more than their homes are worth. Please read the following program summaries to determine which program options may be best suited for your particular circumstances.

Home Affordable Modification Program (HAMP): HAMP lowers your monthly mortgage payment to 31 percent of your verified monthly gross (pre-tax) income to make your payments more affordable. The typical HAMP modification results in a 40 percent drop in a monthly mortgage payment. Eighteen percent of HAMP homeowners reduce their payments by $1,000 or more. Click Here for more information.

Principal Reduction Alternative (PRA): PRA was designed to help homeowners whose homes are worth significantly less than they owe by encouraging servicers and investors to reduce the amount you owe on your home. Click Here for more information.


Second Lien Modification Program (2MP): If your first mortgage was permanently modified under HAMP SM and you have a second mortgage on the same property, you may be eligible for a modification or principal reduction on your second mortgage under 2MP. Likewise, If you have a home equity loan, HELOC, or some other second lien that is making it difficult for you to keep up with your mortgage payments, learn more about this MHA program. Click Here for more information.

Home Affordable Refinance Program (HARP): If you are current on your mortgage and have been unable to obtain a traditional refinance because the value of your home has declined, you may be eligible to refinance through HARP. HARP is designed to help you refinance into a new affordable, more stable mortgage. Click Here for more information.

Does Fannie Mae Or Freddie Mac Own Your Mortgage?

Use The Loan Look Up Tool To Find Out

The Fannie Mae & Freddie Mac Loan Lookups enable mortgage borrowers to quickly determine if either one owns their loan by providing a street address, unit, city, state, ZIP code, etc.

If Fannie or Freddie owns your loan, you may be eligible for programs designed to make your mortgage more affordable – like the Home Affordable Refinance Program (HARP) or the Home Affordable Modification Program (HAMP)