Greater Indy Habitat for Humanity Homeownership Program

Greater Indy Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Indianapolis, Indiana, administered by Greater Indy Habitat for Humanity. Greater Indy Habitat for Humanity (headquartered in Indianapolis) serves Hamilton, Hancock, Hendricks, Marion, and Shelby counties. The program provides affordable mortgages at the lowest possible interest rates, along with 200 partnership hours including homeownership classes (Habitat University) and construction volunteering. Accepted applicants must be HUD-certified housing counseling graduates. Affordable mortgage at lowest possible interest rate; HUD-certified housing counseling; Habitat University financial and home maintenance education; 200 partnership hours. Funding comes from Greater Indy Habitat revolving mortgage fund; corporate sponsors; donors.

Greater Indy Habitat for Humanity Homeownership Program is a first mortgage and is repaid under the terms set by Greater Indy 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.

Greater Indy 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 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 Greater Indy Habitat - Habitat University (financial and home maintenance courses); HUD-certified Housing Counseling Agency pre-purchase counseling required. Residency requirement: Must have lived or worked in Greater Indy service area (Hamilton, Hancock, Hendricks, Marion, Shelby) for past 12 months. Citizenship or immigration status: US citizens and lawful permanent residents. Must be US citizen or permanent resident. Must have lived or worked in the service area for past 12 months. Must attend counseling with a HUD-certified Housing Counselor. Married applicants apply jointly. Must have 2 years verifiable income and 12 months stable rental history. 200 partnership hours required. Perfect credit not required.

Greater Indy Habitat for Humanity Homeownership Program sets its income limit as follows: Income guidelines based on household size for Hamilton, Hancock, Hendricks, Marion, and Shelby counties (published in Habitat 101 PDF). 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.

Greater Indy Habitat for Humanity Homeownership Program can be used for single_family. New construction is eligible. Manufactured homes are not eligible.

Greater Indy Habitat for Humanity Homeownership Program serves homebuyers purchasing in Indianapolis, Indiana.

Applications for Greater Indy Habitat for Humanity Homeownership Program go through Greater Indy 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.