Monmouth County Habitat for Humanity Homeownership Program

Monmouth County Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Asbury Park, New Jersey, administered by Monmouth County Habitat for Humanity. Monmouth County Habitat for Humanity (formed July 2024 from the merger of Coastal Habitat and Habitat in Monmouth County) offers affordable homeownership to families at 60-80% of Monmouth County AMI across all 53 municipalities. Families demonstrate housing need, steady income for a low-interest mortgage, and complete 250-400 sweat-equity hours before closing. Current projects include a Wall Township single-family home and a Fair Haven two-family home with applications open. 0% interest mortgage. Serves all 53 Monmouth County municipalities. 250-400 sweat-equity hours. L.I.F.T. Veterans Build initiative. Income range 60-80% AMI. Funding comes from Habitat affiliate; private/corporate donors; L.I.F.T. Veterans Build program.

Monmouth County Habitat for Humanity Homeownership Program is a first mortgage and is repaid under the terms set by Monmouth County Habitat for Humanity. Repayment is triggered by Monthly mortgage payments; 0% interest. The assistance is recorded in 1 position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Monmouth County Habitat for Humanity Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: Creditworthiness reviewed by Family Selection Committee; no bankruptcy within last 2 years. A homebuyer education course is required, through Habitat homeowner education (included in sweat-equity requirement). Residency requirement: Must currently live or work in Monmouth, Ocean, or Mercer County, NJ. Citizenship or immigration status: Not stated. 250-400 sweat-equity hours before closing; must live or work in Monmouth, Ocean, or Mercer County; no bankruptcy within last 2 years; long-term debt under 43% of income.

Monmouth County Habitat for Humanity Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. Income between 60-80% of Monmouth County AMI. 2025 moderate limits (min-max): 1p $67,896-$75,440; 2p $77,544-$86,160; 3p $87,264-$96,960; 4p $96,912-$107,680; 5p $104,688-$115,320; 6p $112,464-$124,960. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 6. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Monmouth County Habitat for Humanity Homeownership Program can be used for Single Family and 2-4 Unit. New construction is eligible. Manufactured homes are not eligible.

Monmouth County Habitat for Humanity Homeownership Program names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Monmouth County Habitat for Humanity Homeownership Program serves homebuyers purchasing in Asbury Park, New Jersey. The program targets specific areas: All 53 municipalities of Monmouth County, NJ (applicants must live or work in Monmouth, Ocean, or Mercer County).

Applications for Monmouth County Habitat for Humanity Homeownership Program go through Monmouth County Habitat for Humanity, 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.