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Habitat for Humanity Greater Nashua Manchester Homeownership Program

Habitat for Humanity Greater Nashua Manchester · Hollis, New Hampshire

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What is Habitat for Humanity Greater Nashua Manchester Homeownership Program?

Habitat for Humanity Greater Nashua Manchester Homeownership Program is a first mortgage for homebuyers in Hollis, New Hampshire, administered by Habitat for Humanity Greater Nashua Manchester.

  • Affordable-homeownership program in which Habitat builds simple, decent homes and sells them to qualifying low-to-moderate-income families with a 0% interest mortgage. Monthly payments are capped at 30% of household monthly income, and each payment revolves to fund future homes. Future homeowners contribute 350 sweat-equity hours, provide a small down payment, and attend financial budgeting classes.
  • 0% interest mortgage.
  • Payments capped at 30% of monthly income.
  • Home sold at no profit.
  • Small down payment required.
  • Funding comes from Habitat for Humanity (homeowner mortgage payments revolve to fund future homes); donations and grants.

Do you have to pay it back?

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

  • Repayment is triggered by Monthly mortgage payments over the loan term (payments capped at 30% of household monthly income).
  • The assistance is recorded in First (Habitat 0% mortgage) 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 Nashua Manchester Homeownership Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through Habitat for Humanity Greater Nashua Manchester (financial budgeting/literacy classes).
  • Residency: Must purchase in the affiliate service area: Amherst, Bedford, Brookline, Derry, Greenville, Hollis, Hudson, Litchfield, Londonderry, Lyndeborough, Manchester, Mason, Merrimack, Milford, Mont Vernon, Nashua, New Boston, Pelham, Wilton, Windham.
  • DRAFT (dpa-gap-finder 2026-06-14): pending review. Habitat affiliate homeownership model (not a standard DPA): requires ~350 sweat-equity hours, financial budgeting classes, a modest down payment, and ability to repay an affordable income-based 0% mortgage. As of last check the affiliate was not always accepting new applications; openings are announced per project. Not stackable with standard DPA.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Habitat for Humanity Greater Nashua Manchester Homeownership Program sets its income limit as follows: Low-to-moderate-income families who would not qualify for a conventional commercial mortgage; income requirements apply.

  • 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 Nashua Manchester Homeownership Program can be used for Single Family.

  • New construction is eligible.

Where does it apply?

Habitat for Humanity Greater Nashua Manchester Homeownership Program serves buyers purchasing in Hollis, New Hampshire.

How do you apply?

Applications for Habitat for Humanity Greater Nashua Manchester Homeownership Program go through Habitat for Humanity Greater Nashua Manchester, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Habitat for Humanity Greater Nashua Manchester (financial budgeting/literacy classes)..

  2. Contact Habitat for Humanity Greater Nashua Manchester to reserve funds

    Funds are reserved with the provider and are subject to availability.

  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.

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