Cumberland County NJ Habitat for Humanity Homeownership Program

Cumberland County NJ Habitat for Humanity Homeownership Program is down payment assistance for homebuyers in Vineland, New Jersey, administered by Habitat for Humanity of Cumberland County, NJ. Cumberland County NJ Habitat for Humanity builds and sells affordable homes to qualified working families in Cumberland County (Millville, Vineland, plus a current build in Carmel). Homes are qualified via USDA guidelines. Partner families complete sweat equity and receive a 0% interest mortgage (20-year, or 30-year zero-equivalent) from the USDA. Housing payment capped at 25% of gross household income. Affordable home; 0% interest 20-year (or 30-year zero-equivalent) USDA mortgage; housing payment capped at 25% of gross income. Funding comes from Habitat for Humanity; USDA Rural Development Section 502.

Cumberland County NJ Habitat for Humanity Homeownership Program is down payment assistance and is repaid under the terms set by Habitat for Humanity of Cumberland County, NJ. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Cumberland County NJ Habitat for Humanity Homeownership Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Average to good credit; bad/collections debt must be limited; qualified via USDA guidelines. A homebuyer education course is required, through Habitat for Humanity of Cumberland County (mandatory financial classes and homeownership seminars). Residency requirement: Two-year Cumberland County residency policy; homes built only in Cumberland County. Up to 500 sweat-equity hours per household (250 per adult). Mandatory financial classes.

Cumberland County NJ Habitat for Humanity Homeownership Program sets its income limit as follows: Income guidelines 40%-60% of county median income for family selection (min $42,500 / max $68,000 for up to a family of 4); separately, steady income less than 80% AMI with a minimum of $40,000. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Cumberland County NJ Habitat for Humanity Homeownership Program can be used for single_family. New construction is eligible.

Cumberland County NJ Habitat for Humanity Homeownership Program serves homebuyers purchasing in Vineland, New Jersey. Targeted neighborhoods: Cumberland County.

Applications for Cumberland County NJ Habitat for Humanity Homeownership Program go through Habitat for Humanity of Cumberland County, NJ, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.