Habitat for Humanity of Wicomico County Homeownership Program

What is Habitat for Humanity of Wicomico County Homeownership Program?

Habitat for Humanity of Wicomico County Homeownership Program is a first mortgage for homebuyers in Wicomico County, Maryland, administered by Habitat for Humanity of Wicomico County.

• Since 2006, Habitat for Humanity of Wicomico County has developed and sold newly constructed and rehabilitated homes to qualified families who live or work in Wicomico County and earn 30%-80% of AMI. Partner families purchase with an affordable 30-year zero-interest mortgage with payments not exceeding 30% of gross household income, after completing 200 sweat-equity hours and required education classes.
• Affordable 30-year zero-interest mortgage.
• Monthly payment capped at 30% of gross income.
• Financial literacy and homebuyer education.
• New and rehabilitated homes.
• Eastern Shore coverage since 2006.
• Funding comes from Charitable donations, grants, ReStore sales.

Do you have to pay it back?

Habitat for Humanity of Wicomico County Homeownership Program is a first mortgage and is repaid under the terms set by Habitat for Humanity of Wicomico County.

• Repayment is triggered by 30-year affordable mortgage; monthly payment not to exceed 30% of household gross 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 Wicomico County Homeownership Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Habitat for Humanity of Wicomico County Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

• 30%-60% AMI (up to 80% in some cases); minimum household income $40,000/year; FY2024 HUD Wicomico County 4-person max $56,220 at 60% AMI.
• 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 Wicomico 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 Wicomico County Homeownership Program serves buyers purchasing in Wicomico County, Maryland.

• The program targets specific areas: Wicomico County, Maryland (including Salisbury and Fruitland areas).

How do you apply?

Applications for Habitat for Humanity of Wicomico County Homeownership Program go through Habitat for Humanity of Wicomico 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 Wicomico County (financial education and first-time homebuyer education classes).

2. 2

   Contact Habitat for Humanity of Wicomico 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.