Habitat for Humanity of Anderson County Homeownership Program

Habitat for Humanity of Anderson County Homeownership Program is down payment assistance for homebuyers in Anderson, South Carolina, administered by Habitat for Humanity of Anderson County. Habitat for Humanity of Anderson County offers low-income households a path to homeownership by building homes sold with an interest-free (0%) mortgage. Qualification is based on need, ability to pay, and willingness to partner (sweat equity and financial education). Monthly payments are held to approximately 25% of gross monthly income. Applications are accepted only during posted open periods. 0% interest mortgage. New affordable home. Payment held to ~25% of gross monthly income. Financial education. Pathway for households below 60% AMI. Funding comes from Nonprofit; ReStore sales proceeds, donations, community partners (e.g., United Way of Anderson).

Habitat for Humanity of Anderson County Homeownership Program is down payment assistance and is repaid under the terms set by Habitat for Humanity of Anderson 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 Anderson County Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. On credit, the program states: No stated minimum; credit history reviewed. No bankruptcy within 2 years; no outstanding collections/liens/judgments that cannot reasonably be paid by build completion. A homebuyer education course is required, through Financial education classes on budgeting and first-time home buying plus 300 sweat-equity hours per household. Residency requirement: Must live or work in Anderson County for at least one year. Citizenship or immigration status: Must be a legal resident of the United States. Verified on the affiliate's official site. Habitat 0% mortgage model (no fixed DPA dollar amount). Requires 300 sweat-equity hours per household, demonstrated housing need, financial education, no bankruptcy within 2 years, and background checks. Applications accepted only during posted open periods.

Habitat for Humanity of Anderson County Homeownership Program limits household income to 60% of the area median income, which varies by county and household size. Household income must be below 60% of the area median income for Anderson County (no published dollar table). Must show steady income, ability to pay ~25% of gross monthly income toward the house payment incl. taxes/insurance, and ability to pay projected utilities. 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 Anderson County Homeownership Program can be used for Single Family. New construction is eligible.

Habitat for Humanity of Anderson County Homeownership Program serves homebuyers purchasing in Anderson, South Carolina.

Applications for Habitat for Humanity of Anderson County Homeownership Program go through Habitat for Humanity of Anderson 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.