Habitat for Humanity of North Louisiana Homeownership Program

What is 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.

Do you have to pay it back?

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.

Who qualifies?

Habitat for Humanity of North Louisiana Homeownership 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 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.

What kind of home can it be used for?

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.

Where does it apply?

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

How do you apply?

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.

1. 1

   Contact Habitat for Humanity of North Louisiana (HFHNL) to reserve funds

   Funds are reserved through Application-based during open intake periods; family selection committee, and are subject to availability.

2. 2

   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.