Habitat for Humanity Loveland-Berthoud Homeownership Program

Habitat for Humanity Loveland-Berthoud Homeownership Program is a forgivable loan for homebuyers in Loveland, Colorado. Habitat for Humanity Loveland-Berthoud provides affordable homeownership through sweat equity for low-income families in the Loveland and Berthoud area of Larimer County. Below-market mortgage; no traditional down payment. Sweat equity homeownership for low-income families in Loveland/Berthoud area. affordable below-market mortgage. builds community. no traditional down payment. Funding comes from Nonprofit, Federal, and Private.

Habitat for Humanity Loveland-Berthoud Homeownership Program is a forgivable loan, so the balance is forgiven once the program's conditions are met. Repayment is triggered by Sale, Refinance, and Maturity Date. The assistance is recorded in 2nd Lien 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 Loveland-Berthoud 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. A homebuyer education course is required, through Habitat homebuyer education program. Residency requirement: State Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Income 30-60% AMI; sweat equity hours required; purchase of Habitat-built home.

Habitat for Humanity Loveland-Berthoud 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.

Habitat for Humanity Loveland-Berthoud Homeownership Program can be used for Single Family, Condo, and Townhouse. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity Loveland-Berthoud Homeownership Program serves homebuyers purchasing in Loveland, Colorado. The program targets specific areas: Loveland and Berthoud, Larimer County.

Applications for Habitat for Humanity Loveland-Berthoud Homeownership Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through First-Come-First-Served. 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.