Habitat for Humanity of Spartanburg Homeownership Program

What is Habitat for Humanity of Spartanburg Homeownership Program?

Habitat for Humanity of Spartanburg Homeownership Program is down payment assistance for homebuyers in Spartanburg, South Carolina, administered by Habitat for Humanity of Spartanburg.

• Habitat for Humanity of Spartanburg helps Spartanburg County residents achieve safe, decent, affordable homeownership. Applicants complete the program before purchasing a Habitat home; the core requirement is at least 350 hours of sweat equity plus classes on home maintenance and financial literacy. Upon completion, participants purchase a home (typically 3BR/2BA in or near the City of Spartanburg, ~$450/month incl. taxes/insurance) financed with a low- or no-interest mortgage. Applications are accepted when space is available; the process takes about 1-2 years.
• Low- or no-interest (0%) Habitat-held mortgage.
• ~$450/month incl. taxes/insurance.
• New Energy Star 3.0 ~1,150 sq ft 3BR/2BA home.
• Financial literacy and home maintenance education.
• Funding comes from Donations from individuals, churches, corporations and foundations; volunteer/sponsor-built homes.

Do you have to pay it back?

Habitat for Humanity of Spartanburg Homeownership Program is down payment assistance and is repaid under the terms set by Habitat for Humanity of Spartanburg.

• 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 of Spartanburg Homeownership Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Habitat for Humanity of Spartanburg Homeownership Program sets its income limit as follows: No specific income table published. Eligibility based on Need for Assistance and Ability to Pay; serves low-income families. GAP: exact AMI percentage/table not published.

• 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 of Spartanburg Homeownership Program can be used for Single Family.

• New construction is eligible.

Where does it apply?

Habitat for Humanity of Spartanburg Homeownership Program serves buyers purchasing in Spartanburg, South Carolina.

How do you apply?

Applications for Habitat for Humanity of Spartanburg Homeownership Program go through Habitat for Humanity of Spartanburg, 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 Classes on home maintenance and financial literacy; at least 350 sweat-equity hours.

2. 2

   Contact Habitat for Humanity of Spartanburg 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.