Habitat for Humanity Pulaski County Home Ownership Program

Habitat for Humanity Pulaski County Home Ownership Program is a silent second mortgage for homebuyers in Somerset, Kentucky, administered by Habitat for Humanity of Pulaski County, KY. Habitat for Humanity of Pulaski County constructs one to two new affordable, energy-efficient homes each year and sells them to qualified Pulaski County families, with mortgage payments set at approximately 30% of the homeowner's income. Selection is based on need, ability to pay, and willingness to partner (sweat equity). Affordable Habitat mortgage with payments near 30% of income. New energy-efficient home. Deferred subsidy. Sweat equity in lieu of down payment. Funding comes from Mortgage payments, donations, ReStore, grants.

Habitat for Humanity Pulaski County Home Ownership 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 Pulaski County Home Ownership 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 Habitat for Humanity of Pulaski County. Residency requirement: Resident of Pulaski County. Need, ability to pay, willingness to partner (sweat equity). Application window was closed at time of research (cyclic) — confirm before publish.

Habitat for Humanity Pulaski County Home Ownership Program sets its income limit as follows: Must meet Habitat income guidelines (dollar table not published). 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.

Habitat for Humanity Pulaski County Home Ownership Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity Pulaski County Home Ownership Program serves homebuyers purchasing in Somerset, Kentucky.

Applications for Habitat for Humanity Pulaski County Home Ownership Program go through Habitat for Humanity of Pulaski County, KY, which publishes the current terms and the application steps on its own site. Funds are reserved through 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.