Fort Collins Area Habitat for Humanity Homeownership Program

What is Fort Collins Area Habitat for Humanity Homeownership Program?

Fort Collins Area Habitat for Humanity Homeownership Program is a forgivable loan for homebuyers in Fort Collins, Colorado.

• Fort Collins Area Habitat for Humanity provides affordable homeownership through sweat equity in the Fort Collins area of Larimer County. Below-market mortgage; no traditional down payment. Serves low-income families in Northern Colorado.
• Affordable homeownership for Fort Collins area families.
• sweat equity model.
• below-market mortgage.
• Northern Colorado Larimer County.
• Funding comes from Nonprofit, Federal, and Private.

Do you have to pay it back?

Fort Collins Area Habitat for Humanity Homeownership Program is a forgivable loan, so the balance is forgiven once the program's conditions are met.

• Repayment is triggered by Sale and Refinance.
• The assistance is recorded in 1st Lien (Habitat mortgage) position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Fort Collins Area Habitat for Humanity Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Fort Collins Area Habitat for Humanity Homeownership Program limits household income to 60% of the area median income, which varies by county and household size.

• Income 30-60% AMI; Larimer County.
• 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.

What kind of home can it be used for?

Fort Collins Area Habitat for Humanity Homeownership Program caps the purchase price as follows: Habitat-built homes at affordable below-market prices.

• Eligible property types include Single Family.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Fort Collins Area Habitat for Humanity Homeownership Program serves buyers purchasing in Fort Collins, Colorado.

• The program targets specific areas: Larimer County (Fort Collins, Loveland area).

How do you apply?

Applications for Fort Collins Area Habitat for Humanity Homeownership Program 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 homeownership education required.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through First-Come-First-Served, 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.