Morris Habitat for Humanity Homeownership Program

What is Morris Habitat for Humanity Homeownership Program?

Morris Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Randolph, New Jersey, administered by Greater Middlesex & Morris Habitat for Humanity.

• Morris Habitat for Humanity partners with low- to moderate-income families to build and sell new-construction homes with 0% interest mortgages and monthly payments capped at 30% of gross income. Applicants attend a mandatory Program Information Meeting, undergo income verification and credit review, pass a home visit, and enter a lottery for available homes. Selected families complete 300-400 sweat-equity hours.
• 0% interest mortgage.
• No down payment required.
• New construction homes.
• Homebuyer education.
• Funding comes from Habitat affiliate; private/corporate donors; municipal contributions.

Do you have to pay it back?

Morris Habitat for Humanity Homeownership Program is a first mortgage and is repaid under the terms set by Greater Middlesex & Morris Habitat for Humanity.

• Repayment is triggered by Monthly mortgage payments; 0% interest for life of loan.
• 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?

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

What are the income limits?

Morris Habitat for Humanity Homeownership Program sets its income limit as follows: Total household income at least $30,000; maximum income limits range ~$66,471 (3-person) to ~$97,491 (8-person) per current project listing; moderate-income households invited.

• 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?

Morris Habitat for Humanity Homeownership Program can be used for Single Family and Condo.

• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Morris Habitat for Humanity Homeownership Program serves buyers purchasing in Randolph, New Jersey.

• The program targets specific areas: Morris County municipalities (recent builds in Summit, Rockaway Twp, Jefferson Twp, Randolph).

How do you apply?

Applications for Morris Habitat for Humanity Homeownership Program go through Greater Middlesex & Morris Habitat for Humanity, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through Mandatory Program Information Meeting; homeownership classes during sweat-equity period.

2. 2

   Contact Greater Middlesex & Morris Habitat for Humanity to reserve funds

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

3. 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.