Habitat for Humanity of Greenville County Homeownership Program

Habitat for Humanity of Greenville County Homeownership Program is down payment assistance for homebuyers in Greenville, South Carolina, administered by Habitat for Humanity of Greenville County. Habitat for Humanity of Greenville County builds homes with volunteer labor and sells them to income-qualified partner families through an affordable, 0% interest mortgage, with payments capped at no more than 30% of gross monthly income. Applicants must have lived and/or worked in Greenville County for at least one year, earn 30%-80% of AMI, demonstrate need, and complete 25 hours of education plus 200+ sweat-equity hours. A sweat-equity / 0%-mortgage model, not a cash down payment grant. 0% interest mortgage. Payment capped at 30% of gross income. Builds equity. 25 hours homebuyer education. New build home. Funding comes from Donations, sponsorships, grants, homeowner mortgage payments, ReStore proceeds.

Habitat for Humanity of Greenville County Homeownership Program is down payment assistance and is repaid under the terms set by Habitat for Humanity of Greenville County. The assistance is recorded in First position. 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 Greenville 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 published minimum; staff can work with applicants on credit before approval. A homebuyer education course is required. Residency requirement: Lived and/or worked in Greenville County at least one year. Sweat-equity model: 200+ hours plus 25 hours of homebuyer education before purchase. Also runs the Advancing Black Homeownership Project initiative (program itself is open to all income-qualified applicants; not race-restricted). Applications open in periodic windows. Habitat assistance_type 'other'.

Habitat for Humanity of Greenville County Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. Household income between 30% (min) and 80% (max) of AMI for the family size. 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 Greenville County Homeownership Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity of Greenville County Homeownership Program serves homebuyers purchasing in Greenville, South Carolina. The program targets specific areas: Advancing Black Homeownership Project (launched Fall 2023).

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