Habitat for Humanity Philadelphia Homeownership Program

What is Habitat for Humanity Philadelphia Homeownership Program?

Habitat for Humanity Philadelphia Homeownership Program is a first mortgage for homebuyers in Philadelphia, Pennsylvania, administered by Habitat for Humanity Philadelphia.

• Habitat for Humanity Philadelphia's Homeownership Program builds and rehabilitates homes in the Philadelphia area and sells them to income-eligible families with an affordable 30-year mortgage, structured so payments do not exceed 30% of the buyer's gross monthly income. The program serves households earning 30%-80% of AMI who may not otherwise qualify for a traditional mortgage. Participants must complete a minimum of 125 hours of sweat equity, attend monthly workshops, and complete pre-homeownership counseling.
• Affordable 30-year mortgage capped at 30% of gross monthly income.
• Access to homeownership for households that may not qualify for a traditional mortgage.
• Pre-homeownership counseling and workshops.

Do you have to pay it back?

Habitat for Humanity Philadelphia Homeownership Program is a first mortgage and is repaid under the terms set by Habitat for Humanity Philadelphia.

• 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 Philadelphia Homeownership Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Habitat for Humanity Philadelphia Homeownership Program limits household income to 80% of the area median income, which varies by county and household size.

• Serves households earning between 30% and 80% of Area Median Income (AMI); in Philadelphia cited as approximately $39,100-$62,560.
• 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 Philadelphia Homeownership Program can be used for Single Family.

• New construction is eligible.

Where does it apply?

Habitat for Humanity Philadelphia Homeownership Program serves buyers purchasing in Philadelphia, Pennsylvania.

How do you apply?

Applications for Habitat for Humanity Philadelphia Homeownership Program go through Habitat for Humanity Philadelphia, 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 Philadelphia pre-homeownership counseling sessions and monthly workshops.

2. 2

   Contact Habitat for Humanity Philadelphia 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.