Genesee County Habitat for Humanity Homeownership Program

What is Genesee County Habitat for Humanity Homeownership Program?

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

• Genesee County Habitat for Humanity builds new homes and renovates existing homes for households who do not qualify for conventional financing, then sells these homes to homeownership partners through an affordable 20-30 year mortgage. Selection is based on need for housing, willingness to partner (sweat equity), and ability to repay an affordable mortgage. Currently accepting applications.
• Affordable 20-30 year mortgage.
• No conventional financing required.
• Sweat equity build participation.
• Homeownership classes.
• Funding comes from Private donations; affordable mortgage payments recycled into program.

Do you have to pay it back?

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

Genesee 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?

Genesee County Habitat for Humanity Homeownership Program sets its income limit as follows: Serves applicants who do not qualify for conventional financing but can repay an affordable mortgage; specific income guidelines not published online - contact Homeowner Services.

• 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?

Genesee County Habitat for Humanity Homeownership Program caps the purchase price as follows: Home sold at affordable price via 20-30 year mortgage product.

• Eligible property types include Single Family.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Genesee County Habitat for Humanity Homeownership Program serves buyers purchasing in Flint, Michigan.

How do you apply?

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

2. 2

   Contact Genesee 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.