Habitat for Humanity of Bucks County Homeownership Program

Habitat for Humanity of Bucks County Homeownership Program is down payment assistance for homebuyers in Bucks County, Pennsylvania, administered by Habitat for Humanity of Bucks County. Habitat for Humanity of Bucks County partners with low-income households who live or work in Bucks County to sell newly constructed or renovated homes at no profit, financed with an affordable mortgage. Approved homebuyers never pay more than 30% of gross monthly income for housing costs and invest sweat-equity hours. The process runs from a Home Inquiry Form through application, home visit, and family selection. Affordable mortgage with housing costs capped at 30% of gross income. Newly built or renovated ENERGY STAR home. Financial empowerment education. Homes sold at no profit. Funding comes from Habitat for Humanity of Bucks County (donations, volunteer labor, ReStore proceeds).

Habitat for Humanity of Bucks County Homeownership Program is down payment assistance and is repaid under the terms set by Habitat for Humanity of Bucks County. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Habitat for Humanity of Bucks County Homeownership Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Must have satisfactory credit history; no published minimum score. A homebuyer education course is required, through Habitat for Humanity of Bucks County financial workshops; Almost Home Financial Empowerment Program. Residency requirement: Must live or work in Bucks County. Sweat equity required; must demonstrate housing need and ability to afford projected mortgage payments. GAPS: exact sweat-equity hour requirement, DTI limit, lien position, mortgage term, and minimum credit score not published.

Habitat for Humanity of Bucks County Homeownership Program limits household income to $98,150. 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 of Bucks County Homeownership Program caps the purchase price as follows: Habitat Bucks homes currently range $100,000-$150,000 (sold at no profit). Eligible property types include Single Family. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity of Bucks County Homeownership Program serves homebuyers purchasing in Bucks County, Pennsylvania.

Applications for Habitat for Humanity of Bucks County Homeownership Program go through Habitat for Humanity of Bucks County, which publishes the current terms and the application steps on its own site. Funds are reserved through Home Inquiry Form; applicants contacted when homes become available. 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.