Habitat for Humanity of Washington County Homeownership Program

Habitat for Humanity of Washington County Homeownership Program is a first mortgage for homebuyers in Washington County, Maryland, administered by Habitat for Humanity of Washington County. Habitat for Humanity of Washington County provides affordable homeownership to low-to-moderate-income first-time homebuyers in Washington County, Maryland. Approved applicants receive a zero-interest 30-year mortgage with combined monthly payment capped at 33% of gross monthly income, after completing 200 sweat-equity hours, financial education, and establishing a monthly savings account. Zero-interest 30-year mortgage. Combined monthly payment capped at 33% of gross income. Financial/homeownership education. Currently accepting applications at McCleary Hill. Serves Washington County. Funding comes from Charitable donations, ReStore sales, grants.

Habitat for Humanity of Washington County Homeownership Program is a first mortgage and is repaid under the terms set by Habitat for Humanity of Washington County. Repayment is triggered by 30-year mortgage; total monthly payment not to exceed 33% of gross monthly income. The assistance is recorded in 1st 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 Washington County Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: Minimum 600; no accounts in collection, charge-offs, unsatisfied public records, or bankruptcies within last 7 years. A homebuyer education course is required, through Habitat for Humanity of Washington County (financial/homeownership education in sweat equity program). Residency requirement: Washington County, MD resident for at least 1 year. Citizenship or immigration status: US citizen or permanent legal resident. 200 sweat equity hours; first-time homebuyer; minimum credit score 600; no bankruptcies in last 7 years; stable employment; monthly savings account required; criminal background check; cash down payment required (varies by product). Begin via Form of Interest on website.

Habitat for Humanity of Washington County Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. Generally 50%-80% AMI; current McCleary Hill project 5-person min $46,850 max $80,960; check specific project application for current limits. 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 Washington County Homeownership Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity of Washington County Homeownership Program serves homebuyers purchasing in Washington County, Maryland. The program targets specific areas: Washington County, Maryland; active project at McCleary Hill, Hagerstown.

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