Habitat for Humanity of Kent County Homeownership Program

Habitat for Humanity of Kent County Homeownership Program is down payment assistance for homebuyers in Grand Rapids, Michigan, administered by Habitat for Humanity of Kent County. Habitat for Humanity of Kent County's Homeownership Program helps qualifying lower-income households in Kent County, MI buy an affordable home (typically a new-build, Energy Star, all-electric Habitat home) with a mortgage they can afford. Habitat provides coaching, homebuyer education, and counseling. Buyers obtain a first mortgage from a bank/lender (Habitat partner lenders available or any lender), and the home is sold at a price set within a range based on income so the housing payment is approximately 35% of gross monthly income. Homes are sold with an Affordability Covenant Deed Restriction. Payment capped at ~35% of gross income. new, energy-efficient homes. homebuyer education and one-on-one counseling. access to partner lenders. Funding comes from Habitat for Humanity of Kent County (donations, ReStore proceeds, grants); buyer financed via third-party first mortgage.

Habitat for Humanity of Kent County Homeownership Program is down payment assistance and is repaid under the terms set by Habitat for Humanity of Kent County. Repayment is triggered by Sale or transfer (affordability covenant deed restriction governs resale). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Habitat for Humanity of Kent County Homeownership Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Credit score of 640 or higher, or willing to improve. A homebuyer education course is required, through Habitat Kent homebuyer classes (Introduction to Homeownership, Info Session, Money Smart); one-on-one counseling. Citizenship or immigration status: U.S. Citizen or Permanent Resident. Selection by family selection committee (need, willingness to partner, ability to repay). Minimum household income $45,000; credit score 640+ or willingness to improve; U.S. citizen or permanent resident. Current Habitat Kent model uses a third-party first mortgage plus an affordability covenant (assistance_type=other) rather than a Habitat-held mortgage. Sweat-equity not explicitly stated on the current page (gap). Distinct from the City of Grand Rapids HAF. Special-population flags false (open to all qualifying applicants).

Habitat for Humanity of Kent County Homeownership Program limits household income to $112,600. 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.

Habitat for Humanity of Kent County Homeownership Program caps the purchase price as follows: No published maximum; sale price set within a range based on buyer income to yield an affordable payment (~35% of gross). Example listing $164,000-$231,700. Eligible property types include Single Family, Condo, and Townhouse. New construction is eligible.

Habitat for Humanity of Kent County Homeownership Program serves homebuyers purchasing in Grand Rapids, Michigan.

Applications for Habitat for Humanity of Kent County Homeownership Program go through Habitat for Humanity of Kent County, which publishes the current terms and the application steps on its own site. Funds are reserved through Online Homeownership Program Intake Form; staff follow up with next steps. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.