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Habitat for Humanity of Salem County Homeownership Program

Habitat for Humanity of Salem County NJ · Carneys Point, New Jersey

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What is 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.

Do you have to pay it back?

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.

Who qualifies?

Habitat for Humanity of Salem County Homeownership Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: Average to good credit; qualified via USDA guidelines
  • A completed homebuyer education course, through Habitat for Humanity of Salem County (financial/homeownership classes)
  • Residency: 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. UNCONFIRMED: updated median-income figures (page cites 2016 figure as of 2022).
  • income_limit_percent (unparsed): 40% to 60% of county median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

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.

What kind of home can it be used for?

Habitat for Humanity of Salem County Homeownership Program can be used for single_family.

  • New construction is eligible.

Where does it apply?

Habitat for Humanity of Salem County Homeownership Program serves buyers purchasing in Carneys Point, New Jersey.

  • Targeted neighborhoods: Salem County.

How do you apply?

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.

  1. Take a homebuyer education course

    Required by the program, through Habitat for Humanity of Salem County (financial/homeownership classes).

  2. Contact Habitat for Humanity of Salem County NJ to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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