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Monmouth County Habitat for Humanity Homeownership Program

Monmouth County Habitat for Humanity · Asbury Park, New Jersey

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Income limit

80% AMI

Of area median income; varies by county and household size

What is 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.

Do you have to pay it back?

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.

Who qualifies?

Monmouth County Habitat for Humanity Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • On credit: Creditworthiness reviewed by Family Selection Committee; no bankruptcy within last 2 years
  • A completed homebuyer education course, through Habitat homeowner education (included in sweat-equity requirement)
  • Residency: Must currently live or work in Monmouth, Ocean, or Mercer County, NJ
  • Citizenship or immigration status: Not stated
  • DRAFT (dpa-gap-finder 2026-06-12): pending review. 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.

The program excludes

  • Manufactured homes
  • Households above 80% of area 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?

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.

What kind of home can it be used for?

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.

Is there eligibility for specific groups?

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.

Where does it apply?

Monmouth County Habitat for Humanity Homeownership Program serves buyers 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).

How do you apply?

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.

  1. Take a homebuyer education course

    Required by the program, through Habitat homeowner education (included in sweat-equity requirement).

  2. Contact Monmouth County Habitat for Humanity 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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