Northern Ocean Habitat for Humanity Homeownership Program

What is Northern Ocean Habitat for Humanity Homeownership Program?

Northern Ocean Habitat for Humanity Homeownership Program is down payment assistance for homebuyers in Toms River, New Jersey, administered by Northern Ocean Habitat for Humanity (NOHFH).

• Northern Ocean Habitat for Humanity provides low-to-moderate income families the opportunity to build and buy their own homes in the northern Ocean County area (serving Ocean, Monmouth, and Mercer counties). Homeowners contribute sweat equity, purchase their homes, and pay an affordable mortgage. Qualified applicants are entered into a lottery for available homes.
• Affordable Habitat-built home; affordable mortgage capped so housing payment does not exceed 30% of gross monthly household income.
• Funding comes from Habitat for Humanity (donations, volunteers); revolving homeowner mortgage fund.

Do you have to pay it back?

Northern Ocean Habitat for Humanity Homeownership Program is down payment assistance and is repaid under the terms set by Northern Ocean Habitat for Humanity (NOHFH).

• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

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

What are the income limits?

Northern Ocean Habitat for Humanity Homeownership Program sets its income limit as follows: Income limits based on the UHAC 2025 Affordable Housing Regional Income Limits, with minimum and maximum household income by household size.

• 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?

Northern Ocean Habitat for Humanity Homeownership Program caps the purchase price as follows: Sale price set below market; final price determined at completion.

• Eligible property types include single_family.
• New construction is eligible.

Where does it apply?

Northern Ocean Habitat for Humanity Homeownership Program serves buyers purchasing in Toms River, New Jersey.

• Targeted neighborhoods: Northern Ocean County.

How do you apply?

Applications for Northern Ocean Habitat for Humanity Homeownership Program go through Northern Ocean Habitat for Humanity (NOHFH), 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 Northern Ocean Habitat for Humanity (classes in personal finance and home maintenance).

2. 2

   Contact Northern Ocean Habitat for Humanity (NOHFH) 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.