hey prescott.
See what you qualify for

Habitat for Humanity of Evansville Homeownership Program

Habitat for Humanity of Evansville · Evansville, Indiana

Last verified
See what you qualify forOfficial program site →
Income limit

80% AMI

Of area median income; varies by county and household size

What is Habitat for Humanity of Evansville Homeownership Program?

Habitat for Humanity of Evansville Homeownership Program is down payment assistance for homebuyers in Evansville, Indiana, administered by Habitat for Humanity of Evansville.

  • Habitat for Humanity of Evansville helps income-qualified households (at or below 80% AMI who don't qualify for traditional financing) buy a newly built Habitat home in Vanderburgh or Posey County, financed with a 0% APR, 25-year mortgage (about $625/mo for a 3-bedroom) sold at appraised value. Buyers complete 300+ sweat-equity hours, pay $1,500 toward closing/first-year insurance, and attend a six-month money-management seminar.
  • 0% APR mortgage.
  • 25-year fixed term.
  • ~$625/mo for a 3-bedroom.
  • Newly built home at appraised value.
  • Includes major appliances.
  • No-profit loan for those who don't qualify conventionally.
  • Homeownership education & money-management mentoring.
  • Funding comes from Habitat for Humanity of Evansville (volunteer labor, sponsors, no-profit loans).

Do you have to pay it back?

Habitat for Humanity of Evansville Homeownership Program is down payment assistance and is repaid under the terms set by Habitat for Humanity of Evansville.

  • The assistance is recorded in First position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Habitat for Humanity of Evansville Homeownership Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: No minimum credit score (score not used). Disqualifiers: liens/judgments owed, non-medical collections owed, bankruptcy within last 4 years, or felony with sentence/probation completed less than 3 years ago (7 years if two+ unrelated felonies).
  • A completed homebuyer education course, through Habitat for Humanity of Evansville (homeownership workshops; six-month money-management seminar with a Budget Partner)
  • Residency: Must be willing to live where Habitat is building (Vanderburgh or Posey County)
  • DRAFT (dpa-gap-finder 2026-06-15): pending review. Serves Vanderburgh and Posey Counties. Application via DocuSign (credit-check form, Family Selection Committee home visit, partnership). Need-for-housing criteria apply. Not confirmed (left blank): exact assistance amount, max purchase price, DTI, recapture/resale formula, funding cap, reservation system, employment history, citizenship.

The program excludes

  • Households above 80% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Habitat for Humanity of Evansville Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

  • Household income must not exceed 80% AMI by household size (and meet a low-income floor). 2026 guidelines Low-High annual: 1p $22,800-$52,100; 2p $26,050-$59,550; 3p $29,300-$67,000; 4p $32,550-$74,400; 5p $35,150-$80,400; 6p $37,750-$86,350; 7p $40,350-$92,300; 8p $42,950-$98,250; 9p $45,550-$104,200; 10p $48,150-$110,150.
  • The limit applies to total household income, not only the borrower’s.
  • The program lists a maximum household size of 10.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Habitat for Humanity of Evansville Homeownership Program can be used for Single Family.

  • New construction is eligible.

Where does it apply?

Habitat for Humanity of Evansville Homeownership Program serves buyers purchasing in Evansville, Indiana.

How do you apply?

Applications for Habitat for Humanity of Evansville Homeownership Program go through Habitat for Humanity of Evansville, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Habitat for Humanity of Evansville (homeownership workshops; six-month money-management seminar with a Budget Partner).

  2. Contact Habitat for Humanity of Evansville to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. 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 buyer can take it to a lender or housing counselor.

Other programs in Evansville, Indiana

See every program in Evansville, Indiana →

90-second match

Not sure which you qualify for?

Answer 9 questions and we'll match you to every program you can actually use — in about 90 seconds. No SSN, no credit pull.

Find my programs