Financial assistance for N.J. homeowners available starting Feb. 8

On Tuesday, Feb. 8, the New Jersey Housing and Mortgage Finance Agency (NJHMFA) will open the application portal for the Emergency Rescue Mortgage Assistance program to help protect homeowners in the state from foreclosure.

The program will provide up to $35,000 in assistance to cover mortgage arrearages, delinquent property taxes, and other housing costs for eligible homeowners negatively impacted by the COVID-19 pandemic. The NJHMFA will also provide free housing counseling services to help New Jersey homeowners apply for this program and guide them through all available options. Counselors will also work with loan servicers to achieve the best outcome available.

Counselors will also ensure that the process is accessible to those without access to the internet or anyone needing assistance with the application. The application portal will open for applications at 9 am. Visit the NJHMFA website to review program eligibility requirements and sign up for program updates.