Borrowers who obtain a mortgage through the New Jersey Housing and Mortgage Finance Agency's Home Buyer Program can participate in the Tax Credit Loan Program (TCLP). Through the TCLP, buyers can get a loan of up to $5,000 that is secured by their anticipated federal tax credit. They can use the extra money toward the down payment or closing costs, not accrue any interest and pay it back once they get the credit from the government.
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