Habitat for Humanity of Washington County Homeownership Program

What is 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.

Do you have to pay it back?

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.

Who qualifies?

Habitat for Humanity of Washington County 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 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.

What kind of home can it be used for?

Habitat for Humanity of Washington County Homeownership Program can be used for Single Family.

• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Habitat for Humanity of Washington County Homeownership Program serves buyers purchasing in Washington County, Maryland.

• The program targets specific areas: Washington County, Maryland; active project at McCleary Hill, Hagerstown.

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, through Habitat for Humanity of Washington County (financial/homeownership education in sweat equity program).

2. 2

   Contact Habitat for Humanity of Washington County to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   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.