Habitat for Humanity St. Vrain Valley Homeownership Program

Habitat for Humanity St. Vrain Valley Homeownership Program is a forgivable loan for homebuyers in Longmont, Colorado. Habitat for Humanity of the St. Vrain Valley builds and sells affordable homes to low-income families in Longmont and surrounding communities. Sweat equity model with below-market mortgage financing. Sweat equity homeownership in Longmont and St. Vrain Valley. affordable below-market mortgage. serves Boulder and Weld county border communities. Funding comes from Nonprofit, Federal, and Private.

Habitat for Humanity St. Vrain Valley 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 St. Vrain Valley 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; Longmont/St. Vrain Valley area.

Habitat for Humanity St. Vrain Valley Homeownership Program limits household income to 60% of the area median income, which varies by county and household size. Income 30-60% AMI; Boulder/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.

Habitat for Humanity St. Vrain Valley Homeownership Program can be used for Single Family, Condo, and Townhouse. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity St. Vrain Valley Homeownership Program serves homebuyers purchasing in Longmont, Colorado. The program targets specific areas: Longmont and St. Vrain Valley (Boulder/Weld counties).

Applications for Habitat for Humanity St. Vrain Valley 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.