Habitat for Humanity of Salem County Homeownership Program

Habitat for Humanity of Salem County Homeownership Program is down payment assistance for homebuyers in Carneys Point, New Jersey, administered by Habitat for Humanity of Salem County NJ. Habitat for Humanity of Salem County provides affordable homeownership to qualified working families in Salem County. Homes are qualified via USDA guidelines (USDA Section 502). Partner families complete sweat equity and receive a zero-percent interest mortgage (20-year, or 30-year zero-equivalent) through the USDA. Spring/Summer 2026 builds (Penns Grove) and Fall 2026/2027 builds (Pedricktown, Lower Alloways Creek, Pittsgrove) are planned. Affordable home; 0% interest 20-year (or 30-year zero-equivalent) USDA mortgage; housing payment capped at 25% of gross household income. Funding comes from Habitat for Humanity; USDA Rural Development Section 502.

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

Habitat for Humanity of Salem County 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; qualified via USDA guidelines. A homebuyer education course is required, through Habitat for Humanity of Salem County (financial/homeownership classes). Residency requirement: Two-year Salem County residency policy; homes built only in Salem County. 225 sweat-equity hours per adult; settlement contingent on completion. Separate Veterans Build track.

Habitat for Humanity of Salem County Homeownership Program sets its income limit as follows: Family Selection income requirement of 40% to 60% of county median income; minimum income (up to family of 4) approx $31,321 and maximum approx $46,980 per the affiliate page (2016 median, used as of 2022). 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.

Habitat for Humanity of Salem County Homeownership Program can be used for single_family. New construction is eligible.

Habitat for Humanity of Salem County Homeownership Program serves homebuyers purchasing in Carneys Point, New Jersey. Targeted neighborhoods: Salem County.

Applications for Habitat for Humanity of Salem County Homeownership Program go through Habitat for Humanity of Salem 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.