Homeownership costs can be an immense burden for many. The process of purchasing a home and paying back a mortgage may seem overwhelming. We’re here to help. We provide local, low to moderate income families with opportunities for home ownership with an income based affordable mortgage. Habitat homes are safe, decent, ENERGY STAR compliant 3 -bedroom homes. Habitat families purchase the home with a 30-year fixed rate mortgage which is no greater than 30% of their income at closing.
Why We Build
Safe, affordable housing is out of reach for far too many people around the world. Every day, more families find themselves in a struggle to keep a decent roof over their heads. Caught in cycles of unpredictable rent increases or lack of access to financing, families live with a constant burden of stress. Helping families leave that cycle behind is why we build. When a family owns an affordable place to live , everything can change – and so much change is so desperately needed.
The U.S. Department of Housing and Urban Development says studies have shown that “homeowners accumulate wealth as the investment in their homes grows, enjoy better living conditions, are often more involved in their communities, and have children who tend on average to do better in school and are less likely to become involved with crime.”
Families in our program work side by side with volunteers to help build their home. They also participate in financial literacy classes to learn how to manage debt and budget for the future. Our program takes time and dedication, but Gloucester County Habitat works side by side with families to make your dreams of owning a home a reality. Learn more about our Homeownership Program Here >>