Auburn Opelika Habitat for Humanity Homeownership Program

What is Auburn Opelika Habitat for Humanity Homeownership Program?

Auburn Opelika Habitat for Humanity Homeownership Program is down payment assistance for homebuyers in Opelika, Alabama, administered by Auburn Opelika Habitat for Humanity.

• Auburn Opelika Habitat for Humanity provides 0%-interest affordable mortgage loans to eligible low-income households in Lee County to purchase Habitat-built or renovated homes. Income eligibility is 24–60% of the Area Median Income. Applications are accepted once per year following a required in-person application meeting held in the fall (approximately 2 hours). To be added to the application meeting contact list, interested parties must email the affiliate with full name, address, and phone number. Selection is based on need for adequate housing, ability to pay, and willingness to partner through sweat equity. The affiliate is located at 605 A 2nd Ave, Opelika, and serves Lee County.
• 0% interest mortgage.
• Income eligibility 24–60% AMI.
• Sweat equity partnership.
• Annual application cycle.
• Funding comes from Private/nonprofit — Habitat for Humanity affiliate.

Do you have to pay it back?

Auburn Opelika Habitat for Humanity Homeownership Program is down payment assistance and is repaid under the terms set by Auburn Opelika Habitat for Humanity.

• Repayment is triggered by sale, transfer, or failure to maintain owner-occupancy.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Auburn Opelika Habitat for Humanity Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Auburn Opelika Habitat for Humanity Homeownership Program limits household income to 60% of the area median income, which varies by county and household size.

• Household income must be between 24% and 60% of the Area Median Income (AMI) for Lee County/Auburn-Opelika MSA (HUD-defined annually).
• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Auburn Opelika Habitat for Humanity Homeownership Program can be used for single_family.

• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Auburn Opelika Habitat for Humanity Homeownership Program serves buyers purchasing in Opelika, Alabama.

How do you apply?

Applications for Auburn Opelika Habitat for Humanity Homeownership Program go through Auburn Opelika Habitat for Humanity, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through Auburn Opelika Habitat for Humanity — required application meeting (2 hours).

2. 2

   Contact Auburn Opelika Habitat for Humanity to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.