Habitat for Humanity of North Louisiana Homeownership Program

Habitat for Humanity of North Louisiana Homeownership Program is a first mortgage for homebuyers in Monroe, Louisiana, administered by Habitat for Humanity of North Louisiana (HFHNL). Habitat for Humanity of North Louisiana offers affordable homeownership to low-income households in Ouachita, Lincoln, and Jackson Parishes through zero-interest, no-profit mortgages. Partner families contribute 250 hours of sweat equity and must demonstrate need, ability to pay, and willingness to partner. Zero-interest mortgage. No profit on home sale. Income-based affordable monthly payment. Serves Ouachita, Lincoln, Jackson Parishes. Funding comes from Donated labor and materials; private charitable contributions.

Habitat for Humanity of North Louisiana Homeownership Program is a first mortgage and is repaid under the terms set by Habitat for Humanity of North Louisiana (HFHNL). Repayment is triggered by Standard mortgage repayment; families purchase the home. 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 North Louisiana Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: HUD first-time homebuyer definition; 3-year lookback. On credit, the program states: No minimum credit score; decent credit history and no outstanding liens or judgments. Residency requirement: Resident of Northeast Louisiana (Ouachita, Lincoln, or Jackson Parish) for at least 6 months. Applications open during limited intake windows. 250 hours sweat equity. Resident of Ouachita/Lincoln/Jackson Parish 6+ months. No outstanding liens or judgments.

Habitat for Humanity of North Louisiana Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. 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 North Louisiana Homeownership Program caps the purchase price as follows: Home priced to be affordable; not market-priced. Eligible property types include Single Family. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity of North Louisiana Homeownership Program serves homebuyers purchasing in Monroe, Louisiana.

Applications for Habitat for Humanity of North Louisiana Homeownership Program go through Habitat for Humanity of North Louisiana (HFHNL), which publishes the current terms and the application steps on its own site. Funds are reserved through Application-based during open intake periods; family selection committee. 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.