Habitat for Humanity of Laramie County Homeownership Program

What is Habitat for Humanity of Laramie County Homeownership Program?

Habitat for Humanity of Laramie County Homeownership Program is down payment assistance for homebuyers in Cheyenne, Wyoming, administered by Habitat for Humanity of Laramie County.

• Habitat for Humanity of Laramie County builds affordable homes for income-qualified partner families in the Cheyenne/Laramie County area. Partner families purchase their homes with an affordable, no-interest Habitat mortgage and by contributing 400 hours of sweat equity. Homeowners must contribute $2,500 in savings toward closing costs. Homeowner payments revolve back into building homes for new partner families.
• 0% interest mortgage on a newly built home.
• Affordable purchase price (sold at no profit).
• Sweat equity reduces cost.
• Homebuyer education and ongoing support.
• Funding comes from Donations of money and materials, volunteer labor, homeowner mortgage payments (revolving).

Do you have to pay it back?

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

• 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 Laramie County 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 Laramie County Homeownership Program sets its income limit as follows: Household income must be between 30% and 80% of the area median income.

• 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 Laramie County Homeownership Program caps the purchase price as follows: Homes sold to partner families at no profit.

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

Where does it apply?

Habitat for Humanity of Laramie County Homeownership Program serves buyers purchasing in Cheyenne, Wyoming.

How do you apply?

Applications for Habitat for Humanity of Laramie County Homeownership Program go through Habitat for Humanity of Laramie County, 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 Habitat for Humanity of Laramie County homeownership classes.

2. 2

   Contact Habitat for Humanity of Laramie County to reserve funds

   Funds are reserved through Application/information-session intake; partner family selection, 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.