Habitat for Humanity of Kanawha & Putnam Homeownership Program

What is Habitat for Humanity of Kanawha & Putnam Homeownership Program?

Habitat for Humanity of Kanawha & Putnam Homeownership Program is a first mortgage for homebuyers in Charleston, West Virginia, administered by Habitat for Humanity of Kanawha & Putnam County, Inc.

• Habitat for Humanity of Kanawha & Putnam offers low-to-moderate-income families a path to homeownership by purchasing a Habitat-built home with a 0% interest, 30-year mortgage. Applicants must earn no more than 60% of HUD Area Median Income, complete sweat equity (250+ hours per adult) and two nine-week education programs, and contribute a $600 down payment.
• 0% interest mortgage.
• 30-year term.
• $600 down payment.
• Sweat equity in lieu of large down payment.
• Refundable education fees.
• No profit on home sale.
• Funding comes from Habitat for Humanity (nonprofit; Fund for Humanity / donations).

Do you have to pay it back?

Habitat for Humanity of Kanawha & Putnam Homeownership Program is a first mortgage and is repaid under the terms set by Habitat for Humanity of Kanawha & Putnam County, Inc..

• 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?

Habitat for Humanity of Kanawha & Putnam 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 Kanawha & Putnam Homeownership Program sets its income limit as follows: Household income must not exceed 60% of the Area Median Income as defined by HUD.

• 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 Kanawha & Putnam Homeownership Program can be used for Single Family.

• New construction is eligible.
• Manufactured homes are not eligible.

Where does it apply?

Habitat for Humanity of Kanawha & Putnam Homeownership Program serves buyers purchasing in Charleston, West Virginia.

How do you apply?

Applications for Habitat for Humanity of Kanawha & Putnam Homeownership Program go through Habitat for Humanity of Kanawha & Putnam County, Inc., 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 Nine-week Master Homeowner Program and nine-week Homeowner Financial Literacy Program ($90 each, refunded on completion); Introduction to Habitat Homeownership online course required to obtain application.

2. 2

   Contact Habitat for Humanity of Kanawha & Putnam County, Inc. 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.