Montgomery Habitat for Humanity Homeownership Program

Montgomery Habitat for Humanity Homeownership Program is down payment assistance for homebuyers in Montgomery, Alabama, administered by Montgomery Habitat for Humanity. Montgomery Habitat for Humanity empowers qualified partner families to build and buy their own homes. Selection is based on need, ability to pay a no-interest mortgage, and willingness to partner. Selected families purchase a newly constructed home financed by a 0% interest, 20-year mortgage (monthly payments averaging $400-$500 incl. taxes and insurance) and must complete 400 hours of sweat equity. Orientations are held quarterly; applicants proceed through a 6-step process with closing ~12-18 months after approval. 0% interest 20-year mortgage. Payments average $400-$500 incl. taxes/insurance. Newly constructed energy-efficient home. Financial counseling and homeowner education. Funding comes from Sponsor-funded houses and community/volunteer support; affiliate-held 0% mortgage (third-party serviced).

Montgomery Habitat for Humanity Homeownership Program is down payment assistance and is repaid under the terms set by Montgomery Habitat for Humanity. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Montgomery Habitat for Humanity 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: No published minimum; credit and criminal background check performed after initial application review. A homebuyer education course is required, through Required workshops and financial-literacy classes counting toward 400 sweat-equity hours; Family Support Committee counseling. Residency requirement: Must currently live in Montgomery County, Alabama. Verified on the affiliate's official site. Habitat 0% 20-year mortgage model (no fixed DPA dollar amount). Income 30-60% of Montgomery County median; 400 sweat-equity hours; credit and criminal background check; first-time homebuyer only; must attend a quarterly orientation to receive an application. GAP: no published income dollar table or provider email.

Montgomery Habitat for Humanity Homeownership Program sets its income limit as follows: Household income should fall within 30%-60% of the median income for Montgomery County for the current year. No specific dollar table published. 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.

Montgomery Habitat for Humanity Homeownership Program can be used for Single Family. New construction is eligible.

Montgomery Habitat for Humanity Homeownership Program serves homebuyers purchasing in Montgomery, Alabama.

Applications for Montgomery Habitat for Humanity Homeownership Program go through Montgomery Habitat for Humanity, 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.