Columbus-Lowndes Habitat for Humanity Homeownership Program

What is 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.

Do you have to pay it back?

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.

Who qualifies?

Columbus-Lowndes Habitat for Humanity Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

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.

Where does it apply?

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

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact Columbus-Lowndes Habitat for Humanity 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.