Habitat for Humanity of Mahoning Valley Homeownership Program

What is Habitat for Humanity of Mahoning Valley Homeownership Program?

Habitat for Humanity of Mahoning Valley Homeownership Program is a first mortgage for homebuyers in Youngstown, Ohio, administered by Habitat for Humanity of Mahoning Valley, Inc.

• Habitat for Humanity of Mahoning Valley works with families across Mahoning, Trumbull, and Columbiana counties to build affordable homes sold to qualified partner families with an affordable mortgage (averaging ~$500/month incl. taxes/insurance) and 250-500 hours of sweat equity (250 per adult). The program requires monthly mortgage payments plus homeowner-education classes. Average timeline 12-24 months.
• Affordable purchase-money mortgage.
• ~$500/month incl. taxes/insurance.
• Financial and homeowner education.
• Partnership coaching.
• Funding comes from Habitat affiliate (donations, recycled mortgage payments, volunteer labor).

Do you have to pay it back?

Habitat for Humanity of Mahoning Valley Homeownership Program is a first mortgage and is repaid under the terms set by Habitat for Humanity of Mahoning Valley, Inc..

• The assistance is recorded in First 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 of Mahoning Valley Homeownership Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

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

• Annual gross household income within Habitat guidelines by size: 1p $18,450-$49,150; 4p $33,000-$70,150; 6p $44,360-$81,400. Counts all household members over age 15; updated yearly.
• 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?

Habitat for Humanity of Mahoning Valley Homeownership Program can be used for Single Family.

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

Where does it apply?

Habitat for Humanity of Mahoning Valley Homeownership Program serves buyers purchasing in Youngstown, Ohio.

How do you apply?

Applications for Habitat for Humanity of Mahoning Valley Homeownership Program go through Habitat for Humanity of Mahoning Valley, Inc., 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 Habitat for Humanity of Mahoning Valley.

2. 2

   Contact Habitat for Humanity of Mahoning Valley, Inc. 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.