Habitat for Humanity Monterey Bay

What is Habitat for Humanity Monterey Bay?

Habitat for Humanity Monterey Bay is a grant for homebuyers in Santa Cruz County, California.

• Habitat for Humanity affiliate serving Santa Cruz and Monterey counties. Provides affordable homeownership through sweat equity construction. 0% interest mortgage.
• Down payment and/or closing cost assistance.
• Funding comes from Habitat/Donations/HOME.

Do you have to pay it back?

Habitat for Humanity Monterey Bay is structured as a grant, so it is not repaid.

• Repayment is triggered by Sale or transfer.
• The assistance is recorded in First position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Habitat for Humanity Monterey Bay is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Habitat for Humanity Monterey Bay limits household income to 60% of the area median income, which varies by county and household size.

• Low income: household income ≤60% of Area Median Income (AMI).
• 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.

What kind of home can it be used for?

Habitat for Humanity Monterey Bay caps the purchase price as follows: Contact program for current purchase price limits.

• Eligible property types include Habitat-built single-family home.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Habitat for Humanity Monterey Bay serves buyers purchasing in Santa Cruz County, California.

How do you apply?

Applications for Habitat for Humanity Monterey Bay go through the administering agency, 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 Habitat homebuyer education program (required).

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Contact provider directly; subject to funding availability, 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.