Extreme Sports Logo
Get Started
Get Started


Preserving Your Homeownership through New Jersey’s Hardest Hit Fund and Other Assistance Programs

Owning a home is a dream for many individuals and families, but economic hardships and unforeseen circumstances can sometimes put that dream at risk. Fortunately, New Jersey offers various assistance programs, including the Hardest Hit Fund, to help homeowners in need. In this blog post, we will explore how these programs can provide financial relief, prevent foreclosure, and ultimately assist in preserving homeownership. By understanding the resources available and taking advantage of the support offered, homeowners can navigate through difficult times and protect their most valuable asset—their home.

Section 1: The Hardest Hit Fund:

The Hardest Hit Fund (HHF) is a federal program established to aid homeowners in states hit hardest by the economic downturn and housing crisis. New Jersey is one of the states eligible for this fund, which provides financial assistance to struggling homeowners. Through the HHF, eligible homeowners can receive support for mortgage payment assistance, loan modification, principal reduction, or even assistance with property tax payments.

One of the key benefits of the Hardest Hit Fund is its focus on preventing foreclosures. By providing financial relief and counseling services, the program aims to help homeowners overcome temporary financial hardships and maintain ownership of their homes. The HHF has been instrumental in assisting thousands of New Jersey residents facing foreclosure due to unemployment, underemployment, or medical emergencies.

Section 2: Other Assistance Programs:

In addition to the Hardest Hit Fund, there are various other assistance programs available in New Jersey to help homeowners facing financial challenges. These programs work in conjunction with the HHF to provide a comprehensive support system for homeowners in need.

Emergency Homeowners’ Loan Program (EHLP):

EHLP offers interest-free loans to homeowners who are at risk of foreclosure due to involuntary unemployment, underemployment, or a medical condition. The program provides temporary assistance, allowing homeowners to regain stability and avoid foreclosure.

Homeowner Stabilization Program (HSP):

HSP provides financial assistance to homeowners struggling with mortgage payments due to a reduction in income. The program offers loan forbearance, loan modifications, and principal reductions to make homeownership more affordable and sustainable.

Housing Counseling Agencies: New Jersey has numerous housing counseling agencies that offer free or low-cost services to homeowners. These agencies provide guidance on budgeting, credit counseling, foreclosure prevention, and assistance in navigating various assistance programs.

Section 3: Qualifying for Assistance:

To qualify for assistance through these programs, homeowners must meet specific criteria. Generally, eligibility is based on factors such as financial hardship, income level, the risk of foreclosure, and the homeowner’s ability to sustain homeownership in the long term.

Applying for assistance programs typically involves providing documentation to demonstrate financial need, such as income statements, tax returns, and proof of hardship. It is essential for homeowners to gather and organize these documents to streamline the application process.

Section 4: How to Access Assistance:

To access assistance programs, homeowners should start by contacting the New Jersey Housing and Mortgage Finance Agency (NJHMFA), the organization responsible for administering the Hardest Hit Fund and other related programs. NJHMFA can provide guidance on available programs, eligibility requirements, and the application process.

Additionally, homeowners can seek assistance from local housing counseling agencies approved by the U.S. Department of Housing and Urban Development (HUD). These agencies have trained counselors who can guide homeowners through the application process, provide financial counseling, and help them explore other options available.


Preserving homeownership is crucial, and New Jersey’s Hardest Hit Fund and other assistance programs offer a lifeline to homeowners facing financial difficulties. By taking advantage of these programs and seeking support from housing counseling agencies, homeowners can access vital resources to navigate through challenging times and protect their homes.



NJ Foreclosure Rescue represents New Jersey homeowners fighting to stay in their homes and standing up against the bank or mortgage company that holds your precious investment in their hands.

Top Rated NJ Foreclosure Help & Services
Areas We Serve in NJ

Related Blogs


Go to Top