It is possible to own a safe, simple, energy-efficient home in Monmouth County. The requirements for Coastal Habitat home ownership are very different than the nationwide standard, making the dream of homeownership a reality.
Seminar: Learn how to become a homeowner
If you are considering applying for a Coastal Habitat single-family home, you must attend a 90 minute prospective homeowner seminar. At the seminars, the Family Selection Committee:
- Discusses the three criteria for becoming a homebuyer under the Coastal Habitat home ownership program. The prospective homeowner must:
- Be living in inadequate shelter
- Have the financial ability to pay the zero interest mortgage
- Be willing and able to partner with Coastal Habitat for the long-term
- Explains the "sweat equity" requirement (working in partnership to a Coastal Habitat home) and the hours of work required, which can range from 350 to 500 hours. Sweat equity is customized to the abilities of the homeowner.
- Explains the Coastal Habitat home ownership program, including: the mortgage is solely for the cost to build the home and not for the many, many volunteer donated hours. Zero interest is charged on the 30-year loan. Prospective homebuyers may well qualify for a Coastal Habitat home even if they would not qualify for a conventional mortgage.
- Distributes a hard-copy application and written instructions to each attendee for completion at home.
- Offers individual support to all seminar participants to properly submit a completed application. Se habla espanol.
Seminars are held at a variety of times and locations throughout Southern Monmouth County and accessible by mass transit.