Q: What are the income limits?

Habitat for Humanity 7 Rivers Maine Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. No more than 80% HUD AMI by county. Lincoln 80% AMI: 1=$55,300;2=$63,200;3=$71,100;4=$78,950;5=$85,300;6=$91,600. Sagadahoc: 1=$57,800;2=$66,050;3=$74,300;4=$82,550;5=$89,200;6=$95,800. Cumberland: 1=$61,350;2=$70,100;3=$78,850;4=$87,600;5=$94,650;6=$101,650. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Q: What kind of home can it be used for?

Habitat for Humanity 7 Rivers Maine Homeownership Program caps the purchase price as follows: Home cannot cost more than 30% of homeowner's gross household annual income (PITI test). Eligible property types include Single Family. New construction is eligible.

Q: Where does it apply?

Habitat for Humanity 7 Rivers Maine Homeownership Program serves buyers purchasing in Bath, Maine. The program targets specific areas: Lincoln & Sagadahoc Counties plus Brunswick and Harpswell, ME.

Q: How do you apply?

Applications for Habitat for Humanity 7 Rivers Maine Homeownership Program go through Habitat for Humanity / 7 Rivers Maine, 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 buyer can take it to a lender or housing counselor.

Question 1

What is Habitat for Humanity 7 Rivers Maine Homeownership Program?

Accepted Answer

Habitat for Humanity 7 Rivers Maine Homeownership Program is a silent second mortgage for homebuyers in Bath, Maine, administered by Habitat for Humanity / 7 Rivers Maine. Habitat 7 Rivers Maine builds affordable homes for families earning no more than 80% of HUD AMI by county. Buyers must live in substandard housing, qualify for an affordable primary mortgage (PITI <=30% of gross income), perform 200 volunteer hours per adult, accept a zero-interest silent second mortgage held by Habitat, and grant Habitat a right of first refusal. Minimum credit score 640. Affordable Habitat-built home. Zero-interest silent second keeps home affordable. PITI capped at 30% of income. Funding comes from Habitat for Humanity (donations, volunteer labor).

Question 2

Do you have to pay it back?

Accepted Answer

Habitat for Humanity 7 Rivers Maine Homeownership Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Silent second payable in full to Habitat upon transfer/sale; Habitat holds 45-day right of first refusal. The assistance is recorded in Second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Question 3

Who qualifies?

Accepted Answer

Habitat for Humanity 7 Rivers Maine Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence. "First-time buyer" usually means not having owned a home in the last three years, but the program sets its own definition. The program lists a minimum credit score of 640. A homebuyer education course is required, through Maine HoMEworks course (Coastal Enterprises, Inc./CEI); www.mainehomeworks.org. Residency requirement: Service area: Lincoln & Sagadahoc Counties and the towns of Brunswick and Harpswell. DRAFT (dpa-gap-finder 2026-06-15): pending review. Sweat equity: 200 volunteer hours per adult. Zero-interest silent second (no payments until transfer/sale, then full note due). Habitat right of first refusal (45-day window). Maine HoMEworks 10-hour education required. GAP: exact first-mortgage term/rate, dollar income limit at 80% (county-specific table provided), HUD AMI year not stated.

Question 4

What are the income limits?

Accepted Answer

Habitat for Humanity 7 Rivers Maine Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. No more than 80% HUD AMI by county. Lincoln 80% AMI: 1=$55,300;2=$63,200;3=$71,100;4=$78,950;5=$85,300;6=$91,600. Sagadahoc: 1=$57,800;2=$66,050;3=$74,300;4=$82,550;5=$89,200;6=$95,800. Cumberland: 1=$61,350;2=$70,100;3=$78,850;4=$87,600;5=$94,650;6=$101,650. The limit applies to total household income, not only the borrower&rsquo;s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Question 5

What kind of home can it be used for?

Accepted Answer

Habitat for Humanity 7 Rivers Maine Homeownership Program caps the purchase price as follows: Home cannot cost more than 30% of homeowner's gross household annual income (PITI test). Eligible property types include Single Family. New construction is eligible.

Question 6

Where does it apply?

Accepted Answer

Habitat for Humanity 7 Rivers Maine Homeownership Program serves buyers purchasing in Bath, Maine. The program targets specific areas: Lincoln & Sagadahoc Counties plus Brunswick and Harpswell, ME.

Question 7

How do you apply?

Accepted Answer

Applications for Habitat for Humanity 7 Rivers Maine Homeownership Program go through Habitat for Humanity / 7 Rivers Maine, 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 buyer can take it to a lender or housing counselor.

Habitat for Humanity 7 Rivers Maine Homeownership Program