NJHMFA Police and Firemen's Retirement System (PFRS)

August 15, 2019

New NJHMFA Police and Firemen’s Retirement System (PFRS)

Program Interest Rate – Effective August 15, 2019 

Starting today, the interest rate for the Police & Firemen's Retirement Systems (PFRS) mortgage loan program will be 2.98%. Eligibility requirements are any currently employed police officer or fire fighter, as defined in the enabling legislation, who is a member of the Police and Firemen's Retirement System with at least 1 year creditable service.

Maximum mortgage amount is $484,350. Interest rate is a 30 year fixed. To see the Fact Sheet on this program, download it here: PFRS Fact Sheet

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