Sea Island Habitat for Humanity Homeownership Program

What is Sea Island Habitat for Humanity Homeownership Program?

Sea Island Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Johns Island, South Carolina, administered by Sea Island Habitat for Humanity.

• Affordable homeownership program for income-qualified families in the Charleston Sea Islands. Partner families purchase a Habitat-built home with a 0% interest, 30-year mortgage. Applicants must have income within HUD guidelines, a credit score of 600+, and complete 300-400 hours of sweat equity.
• 0% interest 30-year mortgage.
• No conventional mortgage required.
• Affordable monthly payment.
• Homeownership for low-to-moderate income families.
• Funding comes from Private donations, ReStore proceeds, corporate/foundation grants.

Do you have to pay it back?

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

• Repayment is triggered by Affordable 30-year 0% mortgage repaid monthly; sale/transfer typically triggers Habitat right of first refusal / shared-equity recapture (not published on site).
• 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.

Who qualifies?

Sea Island Habitat for Humanity 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?

Sea Island Habitat for Humanity Homeownership Program sets its income limit as follows: Household income must fall within HUD guidelines adjusted for family size (low-to-moderate income); specific dollar table not published on the homeownership page.

• 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?

Sea Island Habitat for Humanity Homeownership Program caps the purchase price as follows: Not applicable - Habitat builds/sells the home.

• Eligible property types include Single Family.
• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Sea Island Habitat for Humanity Homeownership Program serves buyers purchasing in Johns Island, South Carolina.

• The program targets specific areas: Sea Islands of Charleston County (Johns Island and surrounding).

How do you apply?

Applications for Sea Island Habitat for Humanity Homeownership Program go through Sea Island Habitat for Humanity, 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 Sea Island Habitat for Humanity homeownership preparation..

2. 2

   Contact Sea Island Habitat for Humanity to reserve funds

   Funds are reserved through Application + family selection committee review., 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.