Greater Cleveland Habitat for Humanity Homeownership Program

Greater Cleveland Habitat for Humanity Homeownership Program is down payment assistance for homebuyers in Cleveland, Ohio, administered by Greater Cleveland Habitat for Humanity. Greater Cleveland Habitat for Humanity provides coaching, education, and support enabling income-qualified first-time buyers to purchase a Habitat-built or rehabilitated home with an affordable mortgage (payment up to 30% of income). Applicants must demonstrate housing need, ability to pay, and willingness to invest 200-250 sweat-equity hours. As of verification, GCHFH is accepting applications for homes in the City of Cleveland and City of Lorain. Affordable 0% interest mortgage with payment capped at 30% of income. Coaching and homebuyer education. Sweat-equity homeownership. New construction, rehab, and modular options. Funding comes from Habitat affordable-mortgage revolving fund, donations, City of Cleveland, Cuyahoga Land Bank, Rocket, corporate/foundation sponsors.

Greater Cleveland Habitat for Humanity Homeownership Program is down payment assistance and is repaid under the terms set by Greater Cleveland Habitat for Humanity. Repayment is triggered by Due on sale or transfer. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Greater Cleveland Habitat for Humanity Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: No credit score used; credit report reviewed. No bankruptcy or foreclosure in past 3 years; no more than $1,000 in uncollected past-due bad debt. A homebuyer education course is required, through Greater Cleveland Habitat for Humanity (homeownership classes/coaching). Residency requirement: Must be willing to live where GCHFH is building; currently accepting applications for homes in the City of Cleveland and City of Lorain. Requires 200-250 sweat-equity hours. Must be first-time homebuyer (no home owned in past 3 years). DTI cannot exceed 41%. Currently NOT accepting 1-person households due to limited housing; current opportunities are City of Cleveland and City of Lorain. Lien position, forgiveness years, max purchase price not published online (gaps).

Greater Cleveland Habitat for Humanity Homeownership Program limits household income to 60% of the area median income, which varies by county and household size. Total monthly gross household income (all members over 18) must fall within min/max by household size. Monthly max: 1 $4,900; 2 $5,600; 3 $6,300; 4 $7,000; 5 $7,560; 6 $8,120; 7 $8,680; 8 $9,240; 9 $9,800; 10 $10,360. Food stamps, OWF, WEP not counted. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 10. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

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

Greater Cleveland Habitat for Humanity Homeownership Program serves homebuyers purchasing in Cleveland, Ohio. The program targets specific areas: City of Cleveland and City of Lorain (current build areas); 400 Home Initiative.

Applications for Greater Cleveland Habitat for Humanity Homeownership Program go through Greater Cleveland Habitat for Humanity, which publishes the current terms and the application steps on its own site. Funds are reserved through Online pre-qualification application; team follows up within 30 days; then comprehensive application & verification. 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.