Saginaw-Shiawassee Habitat for Humanity Homeownership Program

Saginaw-Shiawassee Habitat for Humanity Homeownership Program is down payment assistance for homebuyers in Saginaw, Michigan, administered by Saginaw-Shiawassee Habitat for Humanity. Saginaw-Shiawassee Habitat for Humanity helps income-qualified, first-time homebuyer families move from substandard housing into newly built or renovated, energy-efficient homes purchased with an affordable Habitat mortgage capped at 30% of gross monthly income. Applicants must live or work in Saginaw or Shiawassee County, earn between roughly 30% and 80% of AMI, complete 250 sweat-equity hours per adult and homebuyer education, and make a down payment before closing. Affordable Habitat mortgage (payment capped at 30% of income). Below-market, energy-efficient home. Homebuyer education and financial coaching. Funding comes from Saginaw-Shiawassee Habitat for Humanity (donations, grants, sweat equity).

Saginaw-Shiawassee Habitat for Humanity Homeownership Program is down payment assistance and is repaid under the terms set by Saginaw-Shiawassee Habitat for Humanity. Repayment is triggered by Affordable Habitat mortgage with payment capped at 30% of gross monthly income at closing; resale/affordability restrictions 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.

Saginaw-Shiawassee Habitat for Humanity Homeownership 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: No perfect credit required; applicants must show ability to make regular payments. Collections, past-due accounts, judgments, or liens must be addressed; negative items will result in denial unless resolved. A homebuyer education course is required, through Saginaw-Shiawassee Habitat for Humanity classes (evening/weekend/online); financial coaching. Residency requirement: Must live or work in Saginaw or Shiawassee County. Citizenship or immigration status: U.S. citizenship, permanent residency status, or eligible immigration status. Habitat sweat-equity homeownership (below-market mortgage), assistance_type=other. Income table captured from the official page (page displays both a current and a prior-year table; most recent used — VERIFY current-year figures).

Saginaw-Shiawassee Habitat for Humanity Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. Qualifying income minimums and maximums are 30%-80% of AMI for Saginaw and Shiawassee County, by family size (updated annually). Min/Max annual income: 1: $14,681.25/$39,150; 2: $16,781.25/$44,750; 3: $18,881.25/$50,350; 4: $20,962.50/$55,900; 5: $22,650/$60,400; 6: $24,318.75/$64,850; 7: $26,006.25/$69,350; 8: $27,675/$73,800. 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.

Saginaw-Shiawassee Habitat for Humanity Homeownership Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

Saginaw-Shiawassee Habitat for Humanity Homeownership Program serves homebuyers purchasing in Saginaw, Michigan.

Applications for Saginaw-Shiawassee Habitat for Humanity Homeownership Program go through Saginaw-Shiawassee Habitat for Humanity, which publishes the current terms and the application steps on its own site. Funds are reserved through Application-meeting based selection by family selection committee. 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.