2040 Genesee Street, Hamilton
Habitat for Humanity of South Central New Jersey is now accepting applications to purchase 2040 Genesee Street, Hamilton NJ 08610 a single-family home.
Applications will be accepted between
July 7th and September 9th at 3:00pm
Only complete applications, which include the application fee and ALL required documents, will be processed. If we have more applicants who qualify than homes available, applicants will be selected through a random selection process.
Location:
2040 Genesee Street, Hamilton NJ 08610
3 Bedroom | 1.5 Bathrooms | 1,480 square feet
Eligibility:
- Family size between 3-6 people
- I am a United States citizen or legal permanent resident.
- I have a credit score of 620 or higher.
- I can provide verification that my current housing is overcrowded, unaffordable, dangerous, unhealthy, temporary, or otherwise substandard.
- My gross annual household income (before taxes) falls within the income guidelines listed below.
- If I’m employed, I have been employed in the same industry for at least 2 years.
- I have a stable source of income that I do not expect to end within the next 3 years.
- My total debt-to-income ratio is below 30%.
- If I have ever declared bankruptcy, it has been discharged for at least 3 years.
- I have not been foreclosed upon in the past 7 years.
- I have not owned a home in the last 3 years.
- I can provide proof of timely rental payments for the last 12 months.
- I plan to use this home as my primary residence for the duration of my ownership.
- All members of my household have lived together consistently for the past 12 months.
- I am willing to partner with Habitat for Humanity of South Central New Jersey by volunteering up to 400 hours of my time working on the construction site, participating in home owner preparation classes, attending meetings and events, etc.
- I am willing to save a minimum of $3000 for my down payment and a minimum of $4500 for my closing costs.
- I do not have any unpaid non-medical collections or if I have any medical collections they are on a payment plan and current.
Required Documents
- Proof of eligibility to work and reside in United States of America
- Birth certificates and social security cards for all family members planning to live in the household.
- Driver’s licenses for all family members planning to live in household over age 18.
- Rental information
- Cancelled checks, receipts, or bank statements showing last 12 months rental payments.
- Income information for all household members age 18 and older
- If Employed– most recent 3 years W2’s and signed tax returns and 4 most recent pay stubs. (If there is an adult household member that did not file a tax return, they must submit a letter from the IRS that states there was “no record” found.)
- If Self-Employed (25% or great ownership interest in a business) – the past 3 years of signed income tax returns (both individual and business as applicable) and applicable schedules.
- Other Income – Public Assistance or Social Security, provide the award or benefit letter; Child Support and other court mandated payments like alimony, provide the court order; Unemployment or worker’s compensation, provide benefits letter.
- Verification of Custody of all children not claimed on Federal Tax Returns.
- Verification of full-time student status, if over age 18.
- Financial Information
- Copies of the last 2 utility bills (gas, water, sewer, electric, cable, phone, etc.)
- Proof of 12 months child support or alimony payment, if applicable.
- Divorce Decree or Marriage Certificate, if applicable.
- Most recent 6 months of statements for all credit card and loans, showing amounts owing.
- Most recent quarterly 401(k) or 403(b), or other retirement statement, including pension.
- Most recent 6 months of bank statements for each bank account held, jointly and or sole owner.
- Bank verification of current interest rate on all accounts, including checking, savings, CD’s, IRA’s, etc. and stock/bond statements showing current values, if applicable.
- Discharge papers if you declared bankruptcy within the last 7 years.
Household Income Guidelines:
To qualify as a successful applicant for this home, your total household annual income must fall into the range below based on your household size:
| Household Size (# of Family Members) | Minimum Yearly Household Income | Maximum Yearly Household Income |
|---|---|---|
| Household Size (# of Family Members)3 Person | Minimum Yearly Household Income$33,107 | Maximum Yearly Household Income$88,283 |
| Household Size (# of Family Members)4 Person | Minimum Yearly Household Income$36,796 | Maximum Yearly Household Income$98,092 |
| Household Size (# of Family Members)5 Person | Minimum Yearly Household Income$39,728 | Maximum Yearly Household Income$105,940 |
| Household Size (# of Family Members)6 Person | Minimum Yearly Household Income$42,671 | Maximum Yearly Household Income$113,787 |
Application Fee:
The application fee is $25 per applicant. The application fee can be submitted in the form of cash, check or money. If you are submitting a check or money order, it must be made payable to Habitat for Humanity.
How to Apply:
If you are eligible and qualify, please follow the application process.
- Download the application CLICK HERE
- To request an application via mail, email twright@habitatscnj.org or call (856)441-3626
- Submit your completed application, application fee and all required documents in one of the following ways:
- Email to twright@habitatscnj.org
- Mail to 530 Route 38 E, Maple Shade NJ 08052
- Drop-off Monday – Thursday from 9:00AM – 3:00PM at 1 Eves Drive, Suite 115, Marlton NJ 08053
Frequently Asked Questions
- What are the main requirements to buy this home?
- The applicant must show a need for housing, a willingness to partner with HabitatSCNJ, and the ability to pay for the home.
- What type of mortgage is needed?
- This home will be financed with a low interest loan. The borrower’s monthly mortgage payment will be no more than 30% of their gross monthly income.
- Do I list someone on the application even though they are not a co-applicant?
- Yes, all people who will be living in the home MUST be listed on the application. If they are 18 years of age or older, their income (earned and unearned) must be listed.
- Can I do sweat equity hours before I am approved and will they carry over?
- You are welcomed to volunteer with us before you are approved but the hours you volunteer will NOT carry over.
- If several people apply for one property, how do you choose who gets approved?
- Applicants who meet the criteria: need for housing, ability to repay the mortgage, and willingness to partner will be placed into a random selection.
- If I am not chosen, do I get put on a waiting list?
- We do not have a waiting lists, but you will be placed on a notification list. This means you will be notified when we begin to accept applications for future properties.
- Can I resell the house to whomever?
- Habitat for Humanity houses are deed-restricted, meaning there is a maximum resale value and they must be sold to those who are low to moderate income.
Virtual Information Sessions
Attend a virtual information session:
During the information session, we will discuss the details of the brand new home, application process, how to qualify and submit your application, and the terms of an affordable, income based mortgage.
- July 14th – 12pm noon
- July 20th – 6pm
- July 27th- 12pm noon
- August 3rd – 6pm
- August 10th- 12pm noon
- August 17th- 6pm
- August 24th – 12pm noon
- August 31st – 6pm
- September 7th – 12pm noon
Contact Taquana Wright to register.
In Person Information Sessions
Join us for in person information sessions to learn more about our affordable homeownership opportunity
- August 18th — 6:00pm
- Willingboro Library – 200 Willingboro Way, Willingboro NJ 08046
- August 24th — 6:00pm
- Burlington County Library – 5 Pioneer Blvd, Westampton NJ 08060
- September 1st — 6:00pm
- Willingboro Library – 200 Willingboro Way, Willingboro NJ 08046
- September 14th — 6:00pm
- 5 Pioneer Blvd, Westampton NJ 08060
- September 22nd — 6:00pm
- Willingboro Library – 200 Willingboro Way, Willingboro NJ 08046