Habitat for Humanity of Bergen County Homeownership Program
Funding status: Active
How much assistance
Affordable home purchase with no-interest mortgage (Zero-Interest Loan)
No-interest mortgage with affordable monthly payments. Payments recycled into revolving fund to build more homes.
Eligibility
- Income limits: Must demonstrate financial need and ability to repay an affordable mortgage.
- First-time buyer required: No
- Geographic restrictions: Homes built within Bergen County, NJ.
- Homebuyer education required: Yes
How to Apply for Habitat for Humanity of Bergen County Homeownership Program
Step 1: Apply through Habitat for Humanity of Bergen County. Partner families are selected based on level of need, willingness to partner with Habitat, and ability to repay a mortgage through an affordable payment plan. Homebuyers must invest hundreds of hours of sweat equity working alongside volunteers.
Notes
Founded in 1994. Homes are sold at cost with no profit and financed with affordable no-interest loans. Monthly mortgage payments are recycled into a revolving fund used to build more houses.