Habitat for Humanity of Greater Centre County Homeownership Program

Habitat for Humanity of Greater Centre County Homeownership Program is down payment assistance for homebuyers in Bellefonte, Pennsylvania, administered by Habitat for Humanity of Greater Centre County. Since 1983, Habitat for Humanity of Greater Centre County has helped families invest in affordable homeownership through no-profit, no-interest loans. Homebuyers complete sweat-equity hours and homeownership education, then purchase their home and maintain payments. Eligibility is based on income within published HUD-based guidelines, credit/debt criteria, Centre County residency or employment, and willingness to partner. 0% interest mortgage. No-profit loan. No waiting list. Homeownership and financial education. Funding comes from Donations; sponsorships; ReStore proceeds; private/corporate/faith-community donors.

Habitat for Humanity of Greater Centre County Homeownership Program is down payment assistance and is repaid under the terms set by Habitat for Humanity of Greater Centre 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 Greater Centre County Homeownership Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Tri-merge credit reviewed; no minimum FICO published; medical bills excluded unless judgment; bankruptcy must be 4 years past discharge; total past-due non-medical debts cannot exceed $2,000. A homebuyer education course is required. Residency requirement: U.S. citizen or permanent legal resident who has lived or worked in Centre County for the past year; willing to live where HFHGCC builds. Citizenship or immigration status: U.S. citizen or permanent legal resident. Application cycle CURRENTLY OPEN (confirmed on official site). Not rolling - applications distributed around information sessions. Monthly DTI < 41%, annual debt-to-income < 15%. Sweat equity ~350 hours. Income guideline base year footnoted on the official page; applicants should confirm current-year figures with the affiliate.

Habitat for Humanity of Greater Centre County Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. Annual household income (Centre County HUD median): 2p $28,400-$56,800; 3p $31,950-$63,900; 4p $35,475-$70,950; 5p $38,325-$76,650; 6p $41,175-$82,350; 7p $44,000-$88,000. The limit applies to total household income, not only the borrower&rsquo;s. The program lists a maximum household size of 7. 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 Greater Centre County Homeownership Program can be used for Single Family. New construction is eligible.

Habitat for Humanity of Greater Centre County Homeownership Program serves homebuyers purchasing in Bellefonte, Pennsylvania.

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