Greeley-Weld Habitat for Humanity Homeownership Program

What is Greeley-Weld Habitat for Humanity Homeownership Program?

Greeley-Weld Habitat for Humanity Homeownership Program is a forgivable loan for homebuyers in Greeley, Colorado.

• Greeley-Weld Habitat for Humanity provides affordable homeownership to Weld County families through sweat equity (300 volunteer hours). Below-market mortgage; no traditional down payment required. Includes homeownership workshops covering money management, maintenance, and insurance.
• Affordable homeownership for Weld County low-income families.
• sweat equity (300 hours).
• below-market mortgage.
• community building.
• income 30-80% AMI.
• homeownership workshops included.
• Funding comes from Nonprofit, Federal, and Private.

Do you have to pay it back?

Greeley-Weld 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?

Greeley-Weld 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?

Greeley-Weld Habitat for Humanity Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

• Income 30-80% AMI; Weld 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?

Greeley-Weld 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?

Greeley-Weld Habitat for Humanity Homeownership Program serves buyers purchasing in Greeley, Colorado.

• The program targets specific areas: Weld County (Greeley, Evans, Windsor, Eaton area).

How do you apply?

Applications for Greeley-Weld 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 workshops (money management, home maintenance, insurance, city codes).

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.