Homeownership

Helping lower-income families in the Greater Moncton region and surrounding areas to build a better life through affordable homeownership.

What it means to partner with us

Do you dream of owning your own home? Habitat for Humanity Moncton may be able to help!

We partner with working, lower-income families living in the Greater Moncton region and surrounding areas to help them build and buy their own decent, affordable home through a unique affordable homeownership solution.

  • Families purchase an affordable home from Habitat for Humanity Moncton with a no down payment, no interest, renewable 15 year mortgage.
  • Since families wouldn’t qualify for a conventional mortgage, we provide a Habitat for Humanity Moncton mortgage that removes the barriers to homeownership.
  • Mortgage payments are calculated annually, so that families never pay more than 30% of household income on shelter costs.
  • As part of their partnership with Habitat for Humanity Moncton, families contribute “sweat equity” of 500 hours helping build their home, other Habitat homes, or helping in our ReStore.
  • Every family attends financial education workshops to prepare themselves for first-time homeownership.
  • As soon as a family starts to pay off their mortgage, Habitat for Humanity Moncton puts those dollars to work helping build the next home for the next family. As families pay off their mortgages, these dollars are reinvested and used by Habitat Moncton to build more homes for working, lower-income families in our community.
  • We keep our build costs low through volunteer labour and, as much as possible, donated or reduced-cost building materials and services.

Do you qualify?

If you can answer yes to the following 5 questions, you could be one step closer to pre-qualifying!

  1. Do you have a need to move from your current living accommodations (too small, too big, unsafe, unhealthy)?
  2. Do you currently have employment or disability income for at least the past 2-3 years?
  3. Have a total household gross income that falls within one of the following brackets AND family size:
    • 2 people: $26,748 – $38,185
    • 3 people: $32,888 – $46,362
    • 4 people: $39,926 – $52,583
    • 5 people: $45,282 – $59,304
    • 6 people: $51,073 – $66,027
  4. Do you have an acceptable credit rating (including not having declared bankruptcy within the last 3 years)?
  5. Are you willing to partner with Habitat for Humanity Moncton by volunteering 500 hours in building your new home or in the ReStore?

Selection Process

The Family Selection Committee interviews families using the following guidelines:

  1. Need:
    • What are the family’s present living conditions?
    • Can the family afford a house without Habitat’s assistance?
    • Does the family’s total income fall within the low-income guidelines?
  2. Ability to pay for the house:
    • A partner family must be able to afford the house payments.
    • The main family wage earner must have stable employment with one employer for a minimum of 3 years.
    • The total of mortgage, insurance, taxes and utilities should be 30-35% of the family’s monthly gross income.
    • After moving into the house, the partner family is responsible for all mortgage payments, taxes, insurance, utilities and household and maintenance expenses.
    • To meet Revenue Canada requirements, Habitat reviews the partner family’s income annually and adjusts mortgage payments, if necessary.
  3. Willingness to partner:
    • Habitat works closely with each partner family throughout the selection process, during construction, and for at least six months after the family moves into the house.
    • A partner family demonstrates its willingness to partner with Habitat by completing the required 500 hours of sweat equity (volunteer work & construction labour), working alongside other volunteers and qualified trades people, helping to build their own house and other Habitat houses, and working on related Habitat projects.

Homeownership Expression of Interest

Start the Application Process

There are 5 steps to the application process:
1. Expression of interest (pre-qualifying questionnaire)
2. Full application with supporting documentation
3. Home visit / Home inspection and housing committee’s project review and selection
4. Family partnership committee application review and selection
5. Final approval from committees or the board of directors if required

To begin the application process, we first require you to submit our Expression of Interest form, below.

For additional information, please contact:
Rhonda McKinley, Executive Assistant
(506) 384-4663
hfhmoncton@habitatmoncton.com