Habitat for Humanity of the River Valley Homeownership Program

Habitat for Humanity of the River Valley Homeownership Program is down payment assistance for homebuyers in Huntsville, Alabama, administered by Habitat for Humanity of the River Valley (formerly Habitat for Humanity of Madison County). Habitat for Humanity of the River Valley (formerly Habitat for Humanity of Madison County) partners with families to make affordable homeownership possible through 0% interest, 30-year mortgages on homes built or renovated by Habitat. Homes are typically 3-5 bedrooms with affordable monthly payments. The journey from approval to closing takes about 18-24 months, during which families complete sweat-equity hours and homeowner education. The affiliate serves Madison and Limestone Counties. 30-year 0% interest mortgage. Affordable monthly payments. Habitat-built or renovated home. Homeowner education and financial counseling. Funding comes from Charitable donations, volunteer labor, ReStore proceeds (nonprofit); mortgages serviced by Pinnacle Financial Services.

Habitat for Humanity of the River Valley Homeownership Program is down payment assistance and is repaid under the terms set by Habitat for Humanity of the River Valley (formerly Habitat for Humanity of Madison County). The assistance is recorded in First mortgage (Habitat-originated, serviced by Pinnacle Financial Services) position. 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 the River Valley Homeownership Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: No minimum credit score stated; debt levels and payment history reviewed via consumer/investigative reports. A homebuyer education course is required, through Required homeowner education classes plus a mandatory HFHRV Information Session; 275-300 sweat-equity hours (20-25 hrs/month). Residency requirement: Must live or work in Madison or Limestone County. Citizenship or immigration status: U.S. citizen or permanent resident. Verified on the affiliate's official site. Habitat whole-home 0% mortgage model (no fixed DPA dollar amount). Requires 275-300 sweat-equity hours and attendance at an HFHRV Information Session (certificate valid <2 months). GAPS: no published income limit table, lien/recapture/repayment-trigger language, or standalone application PDF (provided only during open windows). Most recent Madison County application window closed April 2026; applications open periodically.

Habitat for Humanity of the River Valley Homeownership Program sets its income limit as follows: No specific income table published. Applicants must show consistent, verifiable income sufficient to repay an affordable mortgage; employment applicants need at least 6 months continuous employment with the same employer. Housing need also a selection criterion. GAP: no numeric income floor/ceiling published. The limit applies to total household income, not only the borrower&rsquo;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.

Habitat for Humanity of the River Valley Homeownership Program can be used for Single Family. New construction is eligible.

Habitat for Humanity of the River Valley Homeownership Program serves homebuyers purchasing in Huntsville, Alabama.

Applications for Habitat for Humanity of the River Valley Homeownership Program go through Habitat for Humanity of the River Valley (formerly Habitat for Humanity of Madison County), 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.