Habitat for Humanity of Owensboro-Daviess County Homeownership Program

What is Habitat for Humanity of Owensboro-Daviess County Homeownership Program?

Habitat for Humanity of Owensboro-Daviess County Homeownership Program is a first mortgage for homebuyers in Owensboro, Kentucky, administered by Habitat for Humanity of Owensboro-Daviess County.

• Habitat for Humanity of Owensboro-Daviess County (founded 1988) provides affordable homeownership via a 0% interest mortgage to income-qualified families in Daviess County. Partner families are selected by need, willingness to partner (350+ sweat-equity hours), and ability to repay an affordable mortgage.
• 0% interest mortgage.
• No cash down payment - sweat equity in lieu.
• Affordable payment proportionate to income.
• Homeownership classes and counseling.

Do you have to pay it back?

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

• 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 Owensboro-Daviess County Homeownership Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Habitat for Humanity of Owensboro-Daviess County Homeownership Program sets its income limit as follows: Eligibility based on percentage of AMI; families must demonstrate financial need. Specific AMI thresholds not published - contact affiliate for current limits by household size.

• 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 Owensboro-Daviess 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 Owensboro-Daviess County Homeownership Program serves buyers purchasing in Owensboro, Kentucky.

How do you apply?

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

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact Habitat for Humanity of Owensboro-Daviess County to reserve funds

   Funds are reserved with the provider 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.