Habitat for Humanity of Henderson Home Partnership Program

Habitat for Humanity of Henderson Home Partnership Program is a silent second mortgage for homebuyers in Henderson, Kentucky, administered by Habitat for Humanity of Henderson, KY. Henderson Habitat builds homes and sells them to qualified buyers with a fixed 0% interest mortgage, typically 15-30 years, with Habitat acting as both builder and NMLS-certified mortgage lender. Buyers complete at least 250 sweat-equity hours, attend homeownership and financial literacy classes, and make a minimum $1,000 down payment plus first-year homeowners insurance. Fixed 0% interest 15-30 year mortgage. Deferred subsidy. Homeownership/financial literacy education. Habitat-serviced loan. Funding comes from Mortgage payments, donations, grants, ReStore proceeds, sponsors.

Habitat for Humanity of Henderson Home Partnership Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. 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.

Habitat for Humanity of Henderson Home Partnership 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. On credit, the program states: No numeric minimum; no unpaid debts, collections, liens or outstanding judgments allowed. A homebuyer education course is required, through Habitat for Humanity of Henderson (homeownership/financial literacy classes). Residency requirement: Must have lived or worked in Henderson County for at least one year. Minimum 250 sweat-equity hours; homeownership/maintenance and financial literacy classes. Program was at capacity at time of research (cyclic) — confirm open window before publish.

Habitat for Humanity of Henderson Home Partnership Program limits household income to $63,760. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Habitat for Humanity of Henderson Home Partnership Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity of Henderson Home Partnership Program serves homebuyers purchasing in Henderson, Kentucky.

Applications for Habitat for Humanity of Henderson Home Partnership Program go through Habitat for Humanity of Henderson, KY, which publishes the current terms and the application steps on its own site. Funds are reserved through Annual housing fair / periodic application windows. 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.