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.

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.

Morris 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" has exceptions here: Cannot have owned a home for at least 24 months. On credit, the program states: Clean credit history with score of at least 600. A homebuyer education course is required, through Mandatory Program Information Meeting; homeownership classes during sweat-equity period. Residency requirement: Morris County, NJ. Citizenship or immigration status: Not stated. Mandatory Program Information Meeting before applying; 300-400 sweat-equity hours; background check on household members 16+; debt under 40% of income.

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.

Morris Habitat for Humanity Homeownership Program can be used for Single Family and Condo. New construction is eligible. Manufactured homes are not eligible.

Morris Habitat for Humanity Homeownership Program serves homebuyers purchasing in Randolph, New Jersey. The program targets specific areas: Morris County municipalities (recent builds in Summit, Rockaway Twp, Jefferson Twp, Randolph).

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. 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.