Columbus-Lowndes Habitat for Humanity Homeownership Program

Columbus-Lowndes Habitat for Humanity Homeownership Program is down payment assistance for homebuyers in Columbus, Mississippi, administered by Columbus-Lowndes Habitat for Humanity. Habitat affiliate established 1989 provides newly constructed homes in Lowndes County sold via affordable 0%-interest monthly mortgage. Families selected on need, ability to pay, and willingness to partner (including sweat equity hours). Over 50 homes built to date. Contact for current application cycle. 0%-interest mortgage; sweat equity builds homeowner pride and equity; budget/home care education. Funding comes from Habitat for Humanity affiliate fundraising, donations.

Columbus-Lowndes Habitat for Humanity Homeownership Program is down payment assistance and is repaid under the terms set by Columbus-Lowndes Habitat for Humanity. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Columbus-Lowndes 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: Not published; must demonstrate ability to repay affordable monthly mortgage. A homebuyer education course is required. Sweat equity hours required; specific hour count not published on primary website. Contact info@columbushabitat.org or 662-329-2501 for current application cycle details.

Columbus-Lowndes Habitat for Humanity Homeownership Program sets its income limit as follows: Must demonstrate need and ability to pay affordable mortgage; specific AMI % not confirmed on primary website. 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.

Columbus-Lowndes Habitat for Humanity Homeownership Program caps the purchase price as follows: Habitat-built home; purchase price set by affiliate as affordable 0%-interest mortgage. Eligible property types include single_family. New construction is eligible. Manufactured homes are not eligible.

Columbus-Lowndes Habitat for Humanity Homeownership Program serves homebuyers purchasing in Columbus, Mississippi.

Applications for Columbus-Lowndes Habitat for Humanity Homeownership Program go through Columbus-Lowndes Habitat for Humanity, which publishes the current terms and the application steps on its own site. 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.