Habitat for Humanity of Montgomery & Delaware Counties Home Purchase Program

Habitat for Humanity of Montgomery & Delaware Counties Home Purchase Program is down payment assistance for homebuyers in Montgomery County, Pennsylvania, administered by Habitat for Humanity of Montgomery and Delaware Counties. Habitat for Humanity of Montgomery and Delaware Counties partners with households earning below 80% of HUD AMI in Montgomery or Delaware County to purchase an affordable Habitat home financed with an affordable mortgage. Applicants must demonstrate housing need, ability to pay, residency/employment in the two counties, lawful US residency, and willingness to complete partnership (sweat-equity) hours. Affordable Habitat mortgage. Income up to 80% AMI eligible. Partnership hours satisfiable through education, construction, ReStore, and community service. HUD-affiliated nonprofit. Funding comes from Habitat for Humanity of Montgomery and Delaware Counties (donations, volunteer labor, ReStore proceeds).

Habitat for Humanity of Montgomery & Delaware Counties Home Purchase Program is down payment assistance and is repaid under the terms set by Habitat for Humanity of Montgomery and Delaware Counties. 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 Montgomery & Delaware Counties Home Purchase Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: No published minimum score; credit report must be clear of any bankruptcies or foreclosures within the last 3 years. A homebuyer education course is required, through Habitat MontDelco homebuyer/financial empowerment education programming. Residency requirement: Applicant and co-applicant must be residents of Montgomery or Delaware County for at least 12 months OR employed in either county with 12 months proof. Citizenship or immigration status: Must be lawful permanent residents of the US or US citizens; proof required. Up to 400 partnership (sweat-equity) hours based on family size; no bankruptcies or foreclosures within last 3 years. Applications closed between housing opportunities. GAPS: household-size income dollar table (shown only as image), exact partnership-hour scaling, lien position, DTI limit, and mortgage term not extracted.

Habitat for Humanity of Montgomery & Delaware Counties Home Purchase Program limits household income to 80% of the area median income, which varies by county and household size. Annual household income must be below 80% of Area Median Income (AMI) as determined by HUD. Each project may set a different minimum income based on the home's selling price. 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.

Habitat for Humanity of Montgomery & Delaware Counties Home Purchase Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity of Montgomery & Delaware Counties Home Purchase Program serves homebuyers purchasing in Montgomery County, Pennsylvania.

Applications for Habitat for Humanity of Montgomery & Delaware Counties Home Purchase Program go through Habitat for Humanity of Montgomery and Delaware Counties, which publishes the current terms and the application steps on its own site. Funds are reserved through Home Purchase Inquiry Form; applications open when a new housing opportunity becomes 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.