Habitat for Humanity of Northwest Louisiana Homeownership Program

Habitat for Humanity of Northwest Louisiana Homeownership Program is a first mortgage for homebuyers in Shreveport, Louisiana, administered by Habitat for Humanity of Northwest Louisiana. Habitat for Humanity of Northwest Louisiana partners with low-income families to build or rehabilitate affordable homes in Caddo, Bossier, and DeSoto Parishes. Qualified partner families receive a zero-interest, no-profit mortgage. Applicants contribute a minimum of 350 hours of sweat equity and complete credit counseling and homebuyer education. Zero-interest mortgage. No profit on home sale. Affordable monthly payment tied to income. Serves Caddo, Bossier, DeSoto Parishes. Funding comes from Donated labor and materials; private charitable contributions; FHLB grants.

Habitat for Humanity of Northwest Louisiana Homeownership Program is a first mortgage and is repaid under the terms set by Habitat for Humanity of Northwest Louisiana. Repayment is triggered by Standard mortgage repayment required; partner 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 Northwest 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: Must not have owned a home in the previous 3 years (HUD definition). On credit, the program states: No minimum credit score; credit reviewed for on-time payment history; no open foreclosures, bankruptcies, collections. A homebuyer education course is required, through Habitat for Humanity of Northwest Louisiana. Residency requirement: Must reside in Caddo, Bossier, or DeSoto Parish, LA. Citizenship or immigration status: At least one applicant must have permanent legal residency. Application windows open periodically; contact affiliate. 350 hours sweat equity. Credit counseling and homebuyer education required.

Habitat for Humanity of Northwest Louisiana Homeownership Program limits household income to 60% 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 Northwest Louisiana Homeownership Program caps the purchase price as follows: Home priced to be affordable; not market-based. Eligible property types include Single Family. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity of Northwest Louisiana Homeownership Program serves homebuyers purchasing in Shreveport, Louisiana.

Applications for Habitat for Humanity of Northwest Louisiana Homeownership Program go through Habitat for Humanity of Northwest Louisiana, which publishes the current terms and the application steps on its own site. Funds are reserved through Application-based; family selection committee review. 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.