Habitat for Humanity - Gwinnett/Walton

Habitat for Humanity - Gwinnett/Walton is a repayable second loan for homebuyers in Gwinnett, Walton County, Georgia. Habitat for Humanity - Gwinnett/Walton provides affordable homeownership through no-interest mortgages for income-qualifying families in Gwinnett and Walton counties. Partner families contribute sweat equity hours (counted as down payment), complete homebuyer education, and purchase Habitat-built or renovated homes at affordable prices with 0% interest financing. 0% interest mortgage — no interest charges ever. Sweat equity hours count as down payment (300-500 hours required). Affordable monthly payments based on income. Homebuyer education and financial counseling provided. Serves families earning 30%-80% AMI in Gwinnett and Walton counties. Funding comes from Nonprofit.

Habitat for Humanity - Gwinnett/Walton is a repayable second loan and is repaid under the terms set by the administering agency. Repayment is triggered by Sale, No Longer Primary, and Transfer of Title. The assistance is recorded in 1st 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 - Gwinnett/Walton 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. On credit, the program states: No minimum credit score; creditworthiness evaluated holistically by Habitat. A homebuyer education course is required. Residency requirement: County Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Must reside in Gwinnett or Walton County for at least 12 months prior to application. Partner families must complete 250-500 hours of sweat equity (counts toward down payment). Completion of Habitat homebuyer education course required. Home must be Habitat-built or renovated property.

Habitat for Humanity - Gwinnett/Walton limits household income to 80% of the area median income, which varies by county and household size. 30%-80% AMI depending on household size and 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 - Gwinnett/Walton can be used for Single Family and New Construction. New construction is eligible.

Habitat for Humanity - Gwinnett/Walton serves homebuyers purchasing in Gwinnett, Walton County, Georgia.

Applications for Habitat for Humanity - Gwinnett/Walton go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through N/A. 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.