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.

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.

Habitat for Humanity Monterey Bay 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: Contact lender for current credit score requirements. A homebuyer education course is required, through Habitat homebuyer education program (required). Residency requirement: Must occupy as primary residence. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen. Must complete 300-500 hours of sweat equity; income 30-60% AMI; no credit/criminal history that would impair ability to repay; 0% interest mortgage; below-market purchase price.

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.

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.

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

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