Habitat for Humanity - North Central Georgia

Habitat for Humanity - North Central Georgia is a repayable second loan for homebuyers in Cherokee, Forsyth, Dawson, North Fulton County, Georgia. Habitat for Humanity - North Central Georgia provides affordable homeownership through no-interest mortgages for income-qualifying families in Cherokee, Forsyth, Dawson, and North Fulton counties. Partner families contribute sweat equity hours (counted as down payment), complete homebuyer education, and purchase Habitat-built or renovated homes with 0% interest financing. 0% interest no-profit mortgage. no down payment required (sweat equity in lieu of down payment). affordable monthly payments. homeowner education included. new construction home in service area. Funding comes from Nonprofit.

Habitat for Humanity - North Central Georgia 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 - North Central Georgia 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 reviewed. A homebuyer education course is required. Residency requirement: County Resident. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Must complete 200-300 sweat equity hours (50 hrs for single / 100 hrs for couples on own home); must complete 6 homeowner education classes; must live or work in service area for at least 1 year.

Habitat for Humanity - North Central Georgia limits household income to 80% of the area median income, which varies by county and household size. 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 - North Central Georgia can be used for Single Family and New Construction. New construction is eligible.

Habitat for Humanity - North Central Georgia serves homebuyers purchasing in Cherokee, Forsyth, Dawson, North Fulton County, Georgia.

Applications for Habitat for Humanity - North Central Georgia 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.