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.

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.

Habitat for Humanity Greater Raleigh Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: No ownership of home or land within past 3 years; former Habitat homeowners who sold also qualify. On credit, the program states: Reasonably good credit (no numeric threshold published). A homebuyer education course is required, through Financial literacy and homebuyer education courses (Habitat process). Residency requirement: Must have lived or worked in Wake County for the past 12 months. Citizenship or immigration status: US citizen or permanent resident. Minimum 200 sweat-equity hours; financial literacy and homebuyer education; credit-check fee ($40/$65); Habitat-built home (no custom plan/garage); ~18-month timeline.

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.

Habitat for Humanity Greater Raleigh Homeownership Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

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

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. 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.