Raritan Valley Habitat for Humanity Homeownership Program

Raritan Valley Habitat for Humanity Homeownership Program is down payment assistance for homebuyers in Bedminster, New Jersey, administered by Raritan Valley Habitat for Humanity. Raritan Valley Habitat for Humanity creates affordable homeownership opportunities primarily in Hunterdon and Somerset Counties (preference for Middlesex County residents on some projects). Homes are sold at below-market prices with an affordable income-based mortgage, requiring no traditional down payment beyond ability to cover closing costs. Partner families contribute 200-400 sweat equity hours. Home purchase at affordable below-market price. Income-based affordable mortgage with monthly payments calibrated to household income. No traditional down payment requirement (ability to pay closing costs required). 200-400 sweat equity hours required. Mandatory orientation and financial education.

Raritan Valley Habitat for Humanity Homeownership Program is down payment assistance and is repaid under the terms set by Raritan Valley Habitat for Humanity. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Raritan Valley 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: Must not have owned a home for at least 3 years. A homebuyer education course is required. Citizenship or immigration status: U.S. citizen or Permanent Resident. Must qualify as low-income per UHAC Region 3 (2025) limits. Income must support 30% gross income mortgage payment. DTI must be < 43% when future housing costs included. Must not have owned a home in past 3 years. Must be U.S. citizen or Permanent Resident. Out of bankruptcy at least 2 years AND out of foreclosure at least 2 years. Pre-qualification letter required. 200 sweat equity hours (single adult) or 400 (two adult). Mandatory orientation. Background/sex offender/OFAC checks on household members 18+. Preference for those who live/work in Hunterdon, Somerset, or Middlesex Counties.

Raritan Valley Habitat for Humanity Homeownership Program sets its income limit as follows: Must qualify as low-income per UHAC maximum levels for Region 3 (2025). Income includes all household members 18+. 3-person max: $69,050; 4-person: $76,700; 5-person: $82,850; 6-person: $89,000. The limit applies to total household income, not only the borrower&rsquo;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.

Raritan Valley Habitat for Humanity Homeownership Program can be used for single_family. New construction is eligible.

Raritan Valley Habitat for Humanity Homeownership Program serves homebuyers purchasing in Bedminster, New Jersey.

Applications for Raritan Valley Habitat for Humanity Homeownership Program go through Raritan Valley 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.