Habitat for Humanity of Morgan County Homeownership Program

Habitat for Humanity of Morgan County Homeownership Program is down payment assistance for homebuyers in Decatur, Alabama, administered by Habitat for Humanity of Morgan County, AL. Habitat for Humanity of Morgan County makes homeownership possible for low-income households by offering 0%-interest affordable mortgage loans to purchase homes built or renovated by Habitat volunteers and partner families. Homes are not free — families pay an affordable monthly payment (capped at 30% of gross income) covering principal, taxes, insurance, termite protection, and servicing fees. Selection is based on need for adequate housing, ability to repay, and willingness to partner (sweat equity). The affiliate builds in Decatur, Hartselle, and surrounding Morgan County communities. 0% interest mortgage. Monthly payment capped at 30% of gross income. Sweat equity builds community and reduces mortgage principal. Homebuyer education included. Funding comes from Private/nonprofit — Habitat for Humanity affiliate.

Habitat for Humanity of Morgan County Homeownership Program is down payment assistance and is repaid under the terms set by Habitat for Humanity of Morgan County, AL. 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.

Habitat for Humanity of Morgan County Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: Credit report obtained; court-ordered judgments/liens must be paid; Chapter 7 bankruptcy must be discharged; Chapter 13 must be within 1 year of discharge. A homebuyer education course is required, through Habitat for Humanity of Morgan County — partner education classes including budgeting, buying a home, lawn care, home maintenance. Residency requirement: Must live or demonstrate need in Morgan County, AL. Citizenship or immigration status: U.S. citizen or permanent resident. Applicants must demonstrate housing need (e.g., housing costs >30% of income, poor conditions, overcrowding, Section 8). Court-ordered judgments must be paid; bankruptcies must be discharged. Income table on website is subject to change without notice — verify current limits at morganhabitat.org. Process from application to ownership typically 12–24 months. Program is NOT for emergency housing.

Habitat for Humanity of Morgan County Homeownership Program sets its income limit as follows: Monthly income band verified on site: 1-person min $2,617/max $4,187; 2-person $2,988/$4,780; 3-person $3,363/$5,380; 4-person $3,733/$5,973; 5-person $4,033/$6,453; 6-person $4,333/$6,933; 7-person $4,633/$7,413; 8-person $4,929/$7,887 (gross monthly, subject to change). The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Habitat for Humanity of Morgan County Homeownership Program can be used for single_family. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity of Morgan County Homeownership Program serves homebuyers purchasing in Decatur, Alabama.

Applications for Habitat for Humanity of Morgan County Homeownership Program go through Habitat for Humanity of Morgan County, AL, which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.