Habitat for Humanity of Flathead Valley Homeownership Program

What is Habitat for Humanity of Flathead Valley Homeownership Program?

Habitat for Humanity of Flathead Valley Homeownership Program is a first mortgage for homebuyers in Kalispell, Montana, administered by Habitat for Humanity of Flathead Valley.

• Habitat for Humanity of Flathead Valley builds affordable homes and sells them at cost to qualified families earning 30%-80% AMI in Flathead County. Homebuyers complete sweat equity, financial readiness classes, and mentorship. Financing through Glacier Bank and Montana Board of Housing.
• Homes sold below market value at cost.
• Low-interest affordable mortgage.
• Sweat equity builds ownership.
• Financial coaching included.
• Funding comes from Habitat for Humanity of Flathead Valley donations; Glacier Bank; Montana Board of Housing.

Do you have to pay it back?

Habitat for Humanity of Flathead Valley Homeownership Program is a first mortgage and is repaid under the terms set by Habitat for Humanity of Flathead Valley.

• The assistance is recorded in 1st position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Habitat for Humanity of Flathead Valley 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?

Habitat for Humanity of Flathead Valley Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

• 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.

What kind of home can it be used for?

Habitat for Humanity of Flathead Valley Homeownership Program caps the purchase price as follows: Home sold at cost by Habitat.

• Eligible property types include Single Family.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Habitat for Humanity of Flathead Valley Homeownership Program serves buyers purchasing in Kalispell, Montana.

How do you apply?

Applications for Habitat for Humanity of Flathead Valley Homeownership Program go through Habitat for Humanity of Flathead Valley, 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 First-time buyer and financial readiness classes required.

2. 2

   Contact Habitat for Humanity of Flathead Valley to reserve funds

   Funds are reserved through Application when open; contact director@habitatflathead.org, 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.