Habitat for Humanity of Henderson Home Partnership Program

What is 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.

Do you have to pay it back?

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.

Who qualifies?

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

What are the income limits?

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.

What kind of home can it be used for?

Habitat for Humanity of Henderson Home Partnership Program can be used for Single Family.

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

Where does it apply?

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

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, through Habitat for Humanity of Henderson (homeownership/financial literacy classes).

2. 2

   Contact Habitat for Humanity of Henderson, KY to reserve funds

   Funds are reserved through Annual housing fair / periodic application windows, and are subject to availability.

3. 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.