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Habitat for Humanity of Monroe County Homeownership Program

Habitat for Humanity of Monroe County · Bloomington, Indiana

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Income limit

80% AMI

Of area median income; varies by county and household size

What is Habitat for Humanity of Monroe County Homeownership Program?

Habitat for Humanity of Monroe County Homeownership Program is a first mortgage for homebuyers in Bloomington, Indiana, administered by Habitat for Humanity of Monroe County.

  • Habitat for Humanity of Monroe County builds and sells affordable new-construction and rehabilitated homes to qualifying low- to moderate-income families in Monroe County, IN. Homebuyers complete sweat equity hours and homeownership classes, then purchase through an affordable Habitat-financed mortgage at no profit. Applications accepted twice yearly following mandatory Homeowner Information Meetings.
  • Affordable Habitat-financed mortgage at no profit; home 900-1,400 sq ft based on household size; Energy Star/Zero Energy Ready construction; homeownership classes; 1-year warranty.
  • Funding comes from Habitat revolving mortgage fund; sponsorships; grants.

Do you have to pay it back?

Habitat for Humanity of Monroe County Homeownership Program is a first mortgage and is repaid under the terms set by Habitat for Humanity of Monroe County.

  • Repayment is triggered by Habitat holds first right of refusal on resale; restrictions continue for full original mortgage term.
  • 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?

Habitat for Humanity of Monroe County Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Habitat for Humanity of Monroe County in-house homeownership classes (required, count toward sweat equity)
  • Residency: Must have lived and/or worked in Monroe County for at least 1 year
  • Citizenship or immigration status: US citizens and permanent residents
  • Must attend a Homeowner Information Meeting within the past year before applying. Must have lived/worked in Monroe County for minimum 1 year. All adults 18+ complete 250 sweat equity hours (min 100 on construction). Income 35%-80% AMI. Credit score NOT used; DTI evaluated instead. Judgments/liens cannot exceed $500 total (medical excluded). Mortgage term 15 years; may extend to 20/25/30. Habitat retains first right of refusal on resale.

The program excludes

  • Manufactured homes
  • 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 Monroe County Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

  • 35%-80% AMI for Monroe County. 1+ year stable verifiable income required.
  • 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.

What kind of home can it be used for?

Habitat for Humanity of Monroe County Homeownership Program can be used for single_family.

  • New construction is eligible.
  • Manufactured homes are not eligible.

Where does it apply?

Habitat for Humanity of Monroe County Homeownership Program serves buyers purchasing in Bloomington, Indiana.

How do you apply?

Applications for Habitat for Humanity of Monroe County Homeownership Program go through Habitat for Humanity of Monroe County, 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 Monroe County in-house homeownership classes (required, count toward sweat equity).

  2. Contact Habitat for Humanity of Monroe County 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.

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