Bay County Habitat for Humanity Homeownership Program

What is Bay County Habitat for Humanity Homeownership Program?

Bay County Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Bay City, Michigan, administered by Bay County Habitat for Humanity.

• Bay County Habitat for Humanity offers two homeownership tracks: the standard Habitat program for low-income families and a Missing Middle program (through MSHDA) geared toward Asset Limited Income Constrained Employed (ALICE) families. Selected partner families perform sweat equity, complete homeownership education, and pay an affordable mortgage. A pre-screen application is available online. The affiliate also runs a Veterans Build Program.
• Two income tracks including Missing Middle/ALICE.
• Affordable mortgage.
• Veterans Build Program.
• Homeownership education.
• Funding comes from Private donations; MSHDA (Missing Middle program); mortgage payments recycled.

Do you have to pay it back?

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

• 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.

Who qualifies?

Bay County Habitat for Humanity 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?

Bay County Habitat for Humanity Homeownership Program sets its income limit as follows: Two income tracks: standard Habitat low-income guidelines and a Missing Middle track for Asset Limited Income Constrained Employed (ALICE) families. Specific dollar limits on pre-screen application form - not published as static text.

• 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.

What kind of home can it be used for?

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

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

Is there eligibility for specific groups?

Bay County Habitat for Humanity Homeownership Program names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Bay County Habitat for Humanity Homeownership Program serves buyers purchasing in Bay City, Michigan.

How do you apply?

Applications for Bay County Habitat for Humanity Homeownership Program go through Bay County Habitat for Humanity, 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 Bay County Habitat homeownership classes.

2. 2

   Contact Bay County Habitat for Humanity 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.