Lewis & Clark Habitat for Humanity Homeownership Program

Lewis & Clark Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Alton; Collinsville; Edwardsville; Glen Carbon; O'Fallon; Wood River; Bond County communities, Illinois, administered by Lewis & Clark Habitat for Humanity. Lewis & Clark Habitat for Humanity provides 0% interest mortgages on newly constructed affordable homes in Madison and Bond Counties, Illinois, serving communities including Alton, Collinsville, Edwardsville/Glen Carbon, O'Fallon, Wood River, and Bond County. Established 1990; 70+ families served. Applicants selected by Volunteer Family Selection Committee based on housing need, ability to pay, and willingness to partner (sweat equity). Monthly payments revolve to fund new homes for other families. 0% interest mortgage. Revolving model funds future homes. Multi-chapter coverage across Metro East Illinois. Sweat equity builds skills and community. Funding comes from Lewis & Clark Habitat for Humanity organizational funds, donations, Target Circle awards, community gifts.

Lewis & Clark Habitat for Humanity Homeownership Program is a first mortgage and is repaid under the terms set by Lewis & Clark Habitat for Humanity. Repayment is triggered by Full repayment on sale; revolving payments fund future homes. The assistance is recorded in First lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Lewis & Clark Habitat for Humanity Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Housing need criteria effectively requires renter or substandard housing status. On credit, the program states: Volunteer Family Selection Committee reviews application holistically; credit score not explicitly stated on website. A homebuyer education course is required, through Homeowner classes required; contact Lewis & Clark HFH for specific providers. Residency requirement: Madison County or Bond County, Illinois (and surrounding metro-east communities including Alton, Collinsville, Edwardsville/Glen Carbon, O'Fallon, Wood River). Income limits and specific credit/DTI requirements not fully published on website — contact office at 618-343-0301 or staff2@lchabitat.org for current application openings and specific qualifying criteria for each chapter.

Lewis & Clark Habitat for Humanity Homeownership Program 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.

Lewis & Clark Habitat for Humanity Homeownership Program caps the purchase price as follows: Purchase price = subsidized cost of Habitat-built home. Eligible property types include single-family (Habitat-built). New construction is eligible. Manufactured homes are not eligible.

Lewis & Clark Habitat for Humanity Homeownership Program serves homebuyers purchasing in Alton; Collinsville; Edwardsville; Glen Carbon; O'Fallon; Wood River; Bond County communities, Illinois.

Applications for Lewis & Clark Habitat for Humanity Homeownership Program go through Lewis & Clark Habitat for Humanity, which publishes the current terms and the application steps on its own site. Funds are reserved through Application through local chapter; contact main office or chapter for current openings. 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.