Truman Heritage Habitat for Humanity Homeownership Program

What is Truman Heritage Habitat for Humanity Homeownership Program?

Truman Heritage Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Independence, Missouri, administered by Truman Heritage Habitat for Humanity (Eastern Jackson County).

• Truman Heritage Habitat for Humanity builds and rehabs homes in Eastern Jackson County and sells them to qualified low-to-moderate income partner families with an affordable, zero-percent-interest mortgage. Homebuyers complete homeowner education and contribute sweat-equity hours.
• Zero-percent-interest mortgage.
• No traditional down payment required.
• Sweat-equity path to ownership.
• Homeowner education included.
• Funding comes from Habitat for Humanity (donations, volunteer labor, ReStore proceeds).

Do you have to pay it back?

Truman Heritage Habitat for Humanity Homeownership Program is a first mortgage and is repaid under the terms set by Truman Heritage Habitat for Humanity (Eastern Jackson County).

• Repayment is triggered by Affordable zero-percent-interest mortgage repaid monthly; Habitat typically retains a silent second/right of first refusal to recapture subsidy on early resale.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Truman Heritage Habitat for Humanity Homeownership Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Truman Heritage Habitat for Humanity Homeownership Program sets its income limit as follows: Selection based on need, ability to repay an affordable mortgage, and willingness to partner (sweat equity); income guidelines set by HUD AMI for the local area.

• 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?

Truman Heritage Habitat for Humanity Homeownership Program can be used for Single Family.

• New construction is eligible.

Where does it apply?

Truman Heritage Habitat for Humanity Homeownership Program serves buyers purchasing in Independence, Missouri.

• The program targets specific areas: Serves Eastern Jackson County only.

How do you apply?

Applications for Truman Heritage Habitat for Humanity Homeownership Program go through Truman Heritage Habitat for Humanity (Eastern Jackson County), 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 Habitat homeowner education (personal finance, mortgages, home maintenance).

2. 2

   Contact Truman Heritage Habitat for Humanity (Eastern Jackson County) 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.