Affordable Homeownership – Habitat for Humanity

The 2022 Application Cycle Closed March 31, 2022.

Homeownership

Habitat for Humanity of Cape May County builds homes in partnership with qualifying partner families and the community. We then sell the homes at a price that does not exceed 30% of the family’s monthly income. We work with third-party organizations to help equip Habitat homebuyers with the knowledge and tools to be successful, long-term homeowners.

Why Rent When You Can Own

As rent continues to rise, Cape May County Habitat offers your family the stability of a home of your own to help you achieve not only the dream of homeownership but the other dreams you have for yourself and your family. Homeownership improves educational outcomes and health. It offers you the opportunity to be a part of a neighborhood and a community. It gives you a chance to build your savings and a financially secure future.

We are there for you every step of the way to make sure you’re ready to purchase and stay in your home for many years to come.

Affordable Homeownership Program

To find out more about the qualifications and requirements for partnering with Habitat Cape May’s Affordable Homeownership Program, see how it works. For information about the process of becoming a homeowner through a partnership with Habitat for Humanity of Cape May County, see steps to homeownership.

Ready to get started?

If you would like to receive the pre-qualification application for the homeowner partnership please email executive.director@capemay.org with your name, contact number, email address and a request for the application package.

Homeownership Program FAQs

If you do not find answers to your questions below, please call us at 609-463-0244 ext. 44

How do I get a house?

First, it’s important to know that Cape May County Habitat for Humanity does not give houses away. We provide a hand up rather than a handout. Therefore, each applicant must agree to partner with us in the program, which includes providing all documentation needed as well as attending homebuyer education classes and working 300 hours of sweat equity. Basic requirements to own a Habitat home are provided in the application package.

How much will my mortgage cost?

No more than 30% of your monthly income.

What are sweat equity hours and how many do I have to work?

Sweat equity is the Habitat for Humanity term for partnering with us in the process to create homeownership for you and for others. Habitat Cape May requires each Habitat partner (future homeowner) to complete 300 hours of sweat equity helping build their home or the homes of others. The pace at which you work off your hours is entirely up to you and your family. In general, the process takes approximately 12-18 months. In some cases, alternate volunteer projects can be completed in place of building.

Are the houses free?

Cape May County Habitat for Humanity does not give houses away. Therefore, each applicant must agree to partner with us in the program, which includes paying a 30-year mortgage that does not exceed 30% of the family’s monthly income.

Do I have to be a first-time homebuyer?

No. Applications are available for anyone interested that meets the criteria.

What if I am over the income requirements?

If you are over the income requirements and still qualify for a mortgage, the opportunity to buy on the open market might work for you.

What if I am under the income guidelines?

If you are below the income guidelines specified by Habitat Cape May, we refer you to housing agencies who specialize in your area. Dial 2-1-1 for more information on low-income, more immediate, or rental housing options.

Can I sell the house?

All Habitat homes are sold with deed restrictions that limit to whom the home can be sold and at what price. Our program is a long term partnership with the intention of keeping our homes affordable for the long-term – a mission in which our families are truly partners.

Can I rent to other people?

No, Cape May County Habitat for Humanity homes must be owner-occupied.