Habitat for Humanity of Metro Denver

What is 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.

Do you have to pay it back?

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.

Who qualifies?

Habitat for Humanity of Metro Denver is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

Habitat for Humanity of Metro Denver can be used for Single Family, Condo, and Townhouse.

• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Habitat for Humanity of Metro Denver serves buyers purchasing in Denver|Adams|Arapahoe|Jefferson|Douglas County, Colorado.

• The program targets specific areas: Denver metro: Denver, Adams, Arapahoe, Jefferson, Douglas counties.

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, through Habitat for Humanity Metro Denver homebuyer education program.

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.