Partnership Housing Inc New Home Build Homebuyer Program

Partnership Housing Inc New Home Build Homebuyer Program is down payment assistance for homebuyers in Booneville, Kentucky, administered by Partnership Housing, Inc. Partnership Housing, Inc. (Booneville, Owsley County) helps low-income families and individuals become homeowners through its New Home Build program, constructing new energy-efficient homes for qualifying buyers. Buyers may build on land they own, are acquiring, or on a Partnership Housing subdivision lot. The program uses alternative credit for applicants without traditional credit. New energy-efficient home for low-income buyers. Alternative-credit underwriting. Financing assembled from multiple funders. Subdivision lot option. Funding comes from Multiple funders (federal/state housing programs, grants).

Partnership Housing Inc New Home Build Homebuyer Program is down payment assistance and is repaid under the terms set by Partnership Housing, Inc.. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Partnership Housing Inc New Home Build Homebuyer Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Accepts alternative credit: 3 sources with 12-month payment history. Residency requirement: Primarily serves Owsley County and surrounding area. Homebuyer application + $25 fee; proof of income (8 pay stubs), 3 alternative-credit sources w/ 12-month history, bank statements, IDs, 2 years tax returns. Income limit table not published — confirm before publish.

Partnership Housing Inc New Home Build Homebuyer Program sets its income limit as follows: Targeted to low-income families/individuals; specific homebuyer income 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.

Partnership Housing Inc New Home Build Homebuyer Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

Partnership Housing Inc New Home Build Homebuyer Program serves homebuyers purchasing in Booneville, Kentucky.

Applications for Partnership Housing Inc New Home Build Homebuyer Program go through Partnership Housing, Inc., which publishes the current terms and the application steps on its own site. Funds are reserved through Application / intake form. 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.