Quincy Area Habitat for Humanity Homeownership Program
Quincy Area Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Quincy, Illinois, administered by Quincy Area Habitat for Humanity.
The program asks for
- The home is occupied as a primary residence
- On credit: Must have been out of bankruptcy 2+ years and reestablished credit; safe DTI
- A completed homebuyer education course, through Dave Ramsey Financial Planning course provided at no charge
- Residency: Must reside in or near Quincy and Adams County area
- Must be unable to qualify for traditional bank mortgage. Save $500 + first year insurance. Out of bankruptcy 2+ years. Income limits not published — contact agency.
- A home in Adams County
It doesn’t cover
- Manufactured homes
- Homes outside Adams County
These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.
Where it applies
Adams County’s homesAdams County’s homes, and the ones this program accepts
- 76.3% single-familysingle-family
- 3.6% townhousetownhouse
- 7% 2–4 units2–4 units
- 8.5% 5+ unitscondo & apartment buildings (5+ units)
- 4.6% mobile & othermobile home & other
A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.
$162,600
Adams County median home value
71%
built before 1980
U.S. Census Bureau, ACS 2024 5-year. More about buying in Adams County
How to apply
How to applyThree steps, in this order
Take a homebuyer education course
Required by the program, through Dave Ramsey Financial Planning course provided at no charge.
Contact Quincy Area Habitat for Humanity to reserve funds
Funds are reserved with the provider and are subject to availability.
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 homebuyer can take it to a lender or housing counselor.
Questions about this program
What is Quincy Area Habitat for Humanity Homeownership Program?
Quincy Area Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Quincy, Illinois, administered by Quincy Area Habitat for Humanity. Quincy Area Habitat for Humanity partners with low-income families in Quincy and Adams County to build or renovate affordable homes and provide no-interest, no-profit 25-year mortgages. Partner Families complete 150 sweat equity hours per adult and take the Dave Ramsey course at no charge. 0% interest 25-year mortgage. $500 minimum down payment. Free Dave Ramsey course. 150 sweat equity hours per adult. Funding comes from Nonprofit — Habitat for Humanity donations and grants.
Do you have to pay it back?
Quincy Area Habitat for Humanity Homeownership Program is a first mortgage and is repaid under the terms set by Quincy Area Habitat for Humanity. The assistance is recorded in 1st position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.
Who qualifies?
Quincy Area Habitat for Humanity Homeownership Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Must have been out of bankruptcy 2+ years and reestablished credit; safe DTI. A homebuyer education course is required, through Dave Ramsey Financial Planning course provided at no charge. Residency requirement: Must reside in or near Quincy and Adams County area. Must be unable to qualify for traditional bank mortgage. Save $500 + first year insurance. Out of bankruptcy 2+ years. Income limits not published — contact agency.
What kind of home can it be used for?
Quincy Area Habitat for Humanity Homeownership Program caps the purchase price as follows: Homes built or renovated by Habitat; payment set at affordable level. Eligible property types include Single Family. New construction is eligible. Manufactured homes are not eligible.
Where does it apply?
Quincy Area Habitat for Humanity Homeownership Program serves homebuyers purchasing in Quincy, Illinois.
How do you apply?
Applications for Quincy Area Habitat for Humanity Homeownership Program go through Quincy Area Habitat for Humanity, which publishes the current terms and the application steps on its own site. 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.
Also for Adams County homebuyersOther programs open to Adams County homebuyers
- FHLBank Chicago Downpayment Plus (DPP) ProgramUp to $10,000
- FHLBank Chicago Downpayment Plus Advantage (DPP Advantage) ProgramUp to $10,000
- IHDAccess RepayableUp to $10,000
Whether two programs can be combined is up to each agency. Ask before you apply.
All 70 programs for Adams CountyProgram terms are set by Quincy Area Habitat for Humanity and can change; confirm on the official site before you apply.