Macomb County Habitat for Humanity Home Buyer Program

Macomb County Habitat for Humanity Home Buyer Program is down payment assistance for homebuyers in Shelby Township, Michigan, administered by Macomb County Habitat for Humanity. Macomb County Habitat for Humanity sells safe, decent, newly built homes to qualified low-income, first-time homebuyer families via an affordable 25-year Habitat mortgage. Partner families complete 100 sweat-equity hours, accumulate a $1,000 down payment over the program, attend financial literacy and homeowner education, and must meet income, credit (630+), and DTI (40% or lower) requirements. The below-market mortgage is the primary form of homeownership assistance. Affordable 25-year Habitat mortgage on a newly built home. Below-market purchase price. $1,000 down payment accumulated through the program. Homebuyer education and financial literacy. Funding comes from Macomb County Habitat for Humanity (donations, grants, sweat equity).

Macomb County Habitat for Humanity Home Buyer Program is down payment assistance and is repaid under the terms set by Macomb County Habitat for Humanity. Repayment is triggered by Affordable 25-year Habitat mortgage; resale/affordability restrictions apply per Habitat policy. The assistance is recorded in First (Habitat mortgage) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Macomb County Habitat for Humanity Home Buyer Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: Minimum credit score of 630 or higher required to close on a house. A homebuyer education course is required, through Macomb County Habitat for Humanity homeowner meetings and financial literacy courses. Residency requirement: Serves Macomb County, MI. Citizenship or immigration status: Must be a legal U.S. resident. Habitat sweat-equity homeownership (below-market mortgage) program, assistance_type=other. At review the application intake is 'currently paused for the season' — ongoing program but not always open.

Macomb County Habitat for Humanity Home Buyer Program sets its income limit as follows: Must have legal, verifiable income of at least $42,420 for a one-person household (minimum increases with household size); maximum income limits published in the affiliate's income-limit chart. Specific maximum dollar limits by household size not machine-readable from the page. 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.

Macomb County Habitat for Humanity Home Buyer Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

Macomb County Habitat for Humanity Home Buyer Program serves homebuyers purchasing in Shelby Township, Michigan.

Applications for Macomb County Habitat for Humanity Home Buyer Program go through Macomb County Habitat for Humanity, which publishes the current terms and the application steps on its own site. Funds are reserved through Application-based with a waiting list; program is seasonally paused for portions of the year. 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.