The Board of Trustees of the Police and Firemen’s Retirement System of New Jersey (PFRSNJ) has passed a resolution amending the maximum loan to value (LTV) for new PFRS mortgages. The maximum allowable loan to value is changing from 97% LTV to 85% LTV. As the PFRS Mortgage Program administrator, NJHMFA will implement this program change for all new loan reservations, effective March 1, 2023. Access forms, checklists, policies, previous lender bulletins and more at the lender resources page here.
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