Mon Valley Habitat for Humanity Homeownership Program

What is Mon Valley Habitat for Humanity Homeownership Program?

Mon Valley Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Morgantown, West Virginia, administered by Mon Valley Habitat for Humanity.

• Mon Valley Habitat for Humanity partners with qualified low-to-moderate-income families in Marion, Monongalia, and Preston Counties to provide newly built homes with affordable, 0%-interest mortgages. In place of a traditional down payment, buyers complete 150-250 sweat equity hours including homebuyer education. Income eligibility follows HUD 50-60% AMI ranges by county.
• 0% interest affordable mortgage.
• No conventional down payment (sweat equity).
• New-build homes.
• Homebuyer education included.
• Serves 3 counties.
• Funding comes from Habitat for Humanity (nonprofit; donations and volunteer labor).

Do you have to pay it back?

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

• 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?

Mon Valley Habitat for Humanity Homeownership Program is open to buyers who will live in the home as their primary residence.

What are the income limits?

Mon Valley Habitat for Humanity Homeownership Program sets its income limit as follows: Income guidelines based on 50-60% of Area Median Income (HUD) by county. Monongalia County 4-person qualifying range $46,350-$55,620; Marion County 4-person range $36,650-$43,980. Ranges scale by household size 1-8.

• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• 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?

Mon Valley Habitat for Humanity Homeownership Program can be used for Single Family, Townhouse, and 2-4 Unit.

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

Where does it apply?

Mon Valley Habitat for Humanity Homeownership Program serves buyers purchasing in Morgantown, West Virginia.

How do you apply?

Applications for Mon Valley Habitat for Humanity Homeownership Program go through Mon Valley 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 Homeownership & Financial Literacy classes (counted within sweat equity hours).

2. 2

   Contact Mon Valley Habitat for Humanity 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.