Starkville Area Habitat for Humanity Homeownership Program

Starkville Area Habitat for Humanity Homeownership Program is down payment assistance for homebuyers in Starkville, Mississippi, administered by Starkville Area Habitat for Humanity. Habitat affiliate provides newly constructed homes sold via a 0%-interest affordable mortgage to qualifying families demonstrating need, ability to pay, and willingness to partner. Homebuyers must complete 300 sweat equity hours, take three life-improvement education classes (including budgeting/financial literacy), and meet monthly with the Family Nurture committee. Process from application to move-in typically takes one year or more. 0%-interest mortgage on Habitat-built home; homebuyer education included; community support through Family Nurture committee. Funding comes from Habitat for Humanity affiliate fundraising, donations, ReStore proceeds.

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

Starkville Area 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; applicants must demonstrate ability to repay affordable mortgage. A homebuyer education course is required, through Emerson Family Resource Center; Oktibbeha County MSU Extension Office. Must take 3 life-improvement classes from approved provider (Emerson Family Resource Center or Oktibbeha County MSU Extension Office), including one budgeting/financial literacy class. Must complete 300 sweat equity hours (100 hours minimum by partner family). Monthly meetings with Family Nurture committee. Call 662-324-7008 for next application cycle dates.

Starkville Area Habitat for Humanity Homeownership Program sets its income limit as follows: Income must demonstrate need and ability to pay affordable mortgage; specific AMI % not published 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.

Starkville Area 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.

Starkville Area Habitat for Humanity Homeownership Program serves homebuyers purchasing in Starkville, Mississippi.

Applications for Starkville Area Habitat for Humanity Homeownership Program go through Starkville Area 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.