Habitat for Humanity Greater Raleigh Homeownership Program

What is Habitat for Humanity Greater Raleigh Homeownership Program?

Habitat for Humanity Greater Raleigh Homeownership Program is a first mortgage for homebuyers in Raleigh, North Carolina, administered by Habitat for Humanity Greater Raleigh.

• Habitat for Humanity Greater Raleigh builds affordable, energy-efficient homes and sells them to income-qualified first-time homebuyers with a 0% or below-market 30-year mortgage. Applicants must have lived or worked in Wake County for 12 months, have 24 months of steady income, be a US citizen or permanent resident, and complete at least 200 sweat-equity hours. Homes are sold at ~70% of appraised value with income capped at 80% AMI and a 15-year shared-appreciation rider.
• Affordable 30-year mortgage (0% or below-market).
• 200 sweat-equity hours in lieu of traditional down payment.
• Energy-efficient construction.
• Financial literacy education.

Do you have to pay it back?

Habitat for Humanity Greater Raleigh Homeownership Program is a first mortgage and is repaid under the terms set by Habitat for Humanity Greater Raleigh.

• The assistance is recorded in 1 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 Greater Raleigh 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 Greater Raleigh Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

• At or below 80% AMI (Raleigh-Cary, eff. 6/1/2025): 1p $72,950; 2p $83,400; 3p $93,800; 4p $104,200; 5p $112,550; 6p $120,900; 7p $129,520; 8p $137,550. Must afford 70% of appraised value of an in-inventory home.
• 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 Greater Raleigh Homeownership Program can be used for Single Family.

• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Habitat for Humanity Greater Raleigh Homeownership Program serves buyers purchasing in Raleigh, North Carolina.

How do you apply?

Applications for Habitat for Humanity Greater Raleigh Homeownership Program go through Habitat for Humanity Greater Raleigh, 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 Financial literacy and homebuyer education courses (Habitat process).

2. 2

   Contact Habitat for Humanity Greater Raleigh 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.