Habitat for Humanity of York County Homeownership Program

Habitat for Humanity of York County Homeownership Program is down payment assistance for homebuyers in Rock Hill, South Carolina, administered by Habitat for Humanity of York County. Habitat for Humanity of York County builds homes with volunteer labor and sells them to income-qualified partner families through an affordable mortgage with payments no more than 30% of gross monthly income. Applicants must have lived or worked in York County for at least one year, earn 30%-60% of HUD AMI (limited availability 60-80%), keep total DTI under 40%, pay off delinquent debt, and complete a Financial Capability Workshop and homebuyer education. No minimum credit score required; 250+ sweat-equity hours. A sweat-equity / affordable-mortgage model, not a cash down payment grant. Affordable mortgage (payment capped at 30% of gross income). No minimum credit score. No-profit sale. Financial Capability Workshop. New build home. Funding comes from Donations, sponsorships, grants, homeowner mortgage payments, ReStore proceeds.

Habitat for Humanity of York County Homeownership Program is down payment assistance and is repaid under the terms set by Habitat for Humanity of York 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 York 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 minimum credit score required; all delinquent debt paid off before approval; bankruptcy requires 7 years since discharge. A homebuyer education course is required. Residency requirement: Lived or worked in York County for the last year. Sweat-equity model: 250+ hours plus financial capability/homebuyer education before purchase. Total DTI must not exceed 40%; all delinquent debt paid off before approval; bankruptcy requires 7 years since discharge. $25 application fee. Habitat assistance_type 'other'.

Habitat for Humanity of York County Homeownership Program limits household income to 60% of the area median income, which varies by county and household size. Income between 30% and 60% of HUD AMI; limited availability 60-80%. 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 York County Homeownership Program can be used for Single Family. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity of York County Homeownership Program serves homebuyers purchasing in Rock Hill, South Carolina. The program targets specific areas: Neighborhood Revitalization initiative in York County.

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