Habitat for Humanity of Metro Denver

Habitat for Humanity of Metro Denver is a forgivable loan for homebuyers in Denver|Adams|Arapahoe|Jefferson|Douglas County, Colorado. Habitat for Humanity of Metro Denver provides affordable homeownership through sweat equity for low-income families across the Denver metro area. Below-market mortgage; no traditional down payment required. Builds and renovates homes throughout Denver metro. Sweat equity homeownership for low-income families in Denver metro. affordable below-market mortgage. no traditional down payment. builds community. Funding comes from Nonprofit, Federal, and Private.

Habitat for Humanity of Metro Denver 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 of Metro Denver 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 for Humanity Metro Denver homebuyer education program. Residency requirement: State Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Income 30-60% AMI; must complete sweat equity hours; purchase of Habitat-built or renovated home.

Habitat for Humanity of Metro Denver limits household income to 60% of the area median income, which varies by county and household size. Income 30-60% AMI; Denver metro. 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 of Metro Denver can be used for Single Family, Condo, and Townhouse. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity of Metro Denver serves homebuyers purchasing in Denver|Adams|Arapahoe|Jefferson|Douglas County, Colorado. The program targets specific areas: Denver metro: Denver, Adams, Arapahoe, Jefferson, Douglas counties.

Applications for Habitat for Humanity of Metro Denver 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.