Southeast New Hampshire Habitat for Humanity Homeownership Program

What is Southeast New Hampshire Habitat for Humanity Homeownership Program?

Southeast New Hampshire Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Portsmouth, New Hampshire, administered by Southeast New Hampshire Habitat for Humanity.

• Southeast New Hampshire Habitat for Humanity builds and rehabilitates affordable homes sold at no profit to income-qualified partner families, financed with a 0% interest mortgage. Families must show need, willingness to partner (at least 250 sweat-equity hours), and ability to repay. Serves Strafford County and 19 towns in Rockingham County. Currently accepting Partner Family applications for an upcoming build in Rochester, NH.
• 0% interest mortgage.
• Home sold at no profit / at cost.
• 20-30 year affordable financing.
• Builds and rehabilitates homes in partnership with families.
• Funding comes from Donations, sponsorships, ReStore proceeds, and a revolving fund of partner-family mortgage payments.

Do you have to pay it back?

Southeast New Hampshire Habitat for Humanity Homeownership Program is a first mortgage and is repaid under the terms set by Southeast New Hampshire Habitat for Humanity.

• Repayment is triggered by Monthly mortgage payments over the loan term; Habitat retains first option to repurchase if homeowner sells.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Southeast New Hampshire Habitat for Humanity Homeownership Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Southeast New Hampshire Habitat for Humanity Homeownership Program limits household income to 60% of the area median income, which varies by county and household size.

• Partner families must be above the state public-assistance level and within 30%-60% of area median income; income must show need yet ability to repay a no-interest mortgage. Specific dollar limits by household size not published (determined at application).
• 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.

What kind of home can it be used for?

Southeast New Hampshire Habitat for Humanity Homeownership Program can be used for Single Family.

• New construction is eligible.

Where does it apply?

Southeast New Hampshire Habitat for Humanity Homeownership Program serves buyers purchasing in Portsmouth, New Hampshire.

How do you apply?

Applications for Southeast New Hampshire Habitat for Humanity Homeownership Program go through Southeast New Hampshire Habitat for Humanity, which publishes the current terms and the application steps on its own site.

1. 1

   Contact Southeast New Hampshire Habitat for Humanity to reserve funds

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

2. 2

   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.