Qualifications for Homeownership

Qualified Raritan Valley Habitat for Humanity Applicants:

  • Have a gross annual household income that falls between minimum and maximum guidelines listed for each individual project, based on the number of people in your family. Include everyone who would be living in your Habitat home and all sources of income (employment, alimony, child support, unemployment, pension, disability, social security, or any other source).

  • Are able to pay closing costs and regular payments on an affordable Raritan Valley Habitat for Humanity mortgage.

  • Are able to put a $500 deposit toward closing cost savings at the time of the lottery.
  • Have a debt-to-income ratio of less than 40%.

  • Are U.S. citizens or permanent residents.

  • Are out of bankruptcy for at least two years and out of foreclosure proceedings for at least two years.

  • Are willing to partner with Raritan Valley Habitat for Humanity. Among other things, partnering means future homeowners act as ambassadors for Habitat and contribute “sweat equity” as part of qualifying for a home. Households with two adult homeowners contribute 500 hours and households with only one adult homeowner contribute 250 hours. Sweat equity includes work on the house build sites, workshops, and more. Reasonable accommodations will be made for future homeowners who are unable to perform recommended sweat equity tasks due to disability.

RV Habitat does not restrict applications based on regional residency; however, preference will be given to qualified applicants who live or work in Hunterdon, Somerset, or Middlesex Counties.

Applicant selection Process

All potential applicants must attend a Homeowner Orientation Meeting. These meetings are held at the beginning of each building project selection period, and include information about RV Habitat, the particular project, and the application process and deadlines.

  • The applicants must submit the application with all required documentation by the specified due date.

  • The Homeowner Services Committee reviews the application and all financial information. If RV Habitat determines that income and debt-to-income ratio meet low-income housing and RV Habitat underwriting requirements, RV Habitat will send a request for additional documentation. *It’s a good idea to order a free credit report now (www.annualcreditreport.com) to address any issues you may have in advance.

  • If an applicant qualifies financially, then a meeting is conducted. The need for housing and the applicant’s willingness to partner are discussed at this visit.

  • For all applicants who meet the criteria, as determined by the Homeowner Services Committee, a criminal background, sex offender check, and OFAC check are conducted on all household members aged 16 and older.

  • Approved applicants are then presented to the Board of Directors. If approved by the Board, they are entered into a lottery for the available house(s).

NOTICE: Due to the nature of Habitat’s program requirements, we cannot help families in emergency situations.
For immediate housing assistance, call 2-1-1 or visit http://www.nj211.org to connect to services through the NJ 2-1-1 Partnership.
In Somerset, you can also contact: SHIP (Samaritan Homeless Interim Program) 908-393-9545.
In Hunterdon, you can contact Hunterdon Helpline, at 908-782-4357 or 1-800-272-4630; or Family Promise at 908-782-2490.

RV Habitat commits to treating all applicants in an equal manner. We do not discriminate in the selection of potential homeowners on the basis of age, race, color, national origin, religion, ancestry, sex, familial or marital status, disability, affectional or sexual orientation, gender identity or expression, or income derived from public assistance. 

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