Mountain Spirit Habitat for Humanity Homeownership Program
Mountain Spirit Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Powell, Wyoming, administered by Mountain Spirit Habitat for Humanity.
The program asks for
- First-time homebuyer — the program sets its own definition
- The home is occupied as a primary residence
- A completed homebuyer education course
- Residency: Living or employed in Park County continuously for past 6 months
- 500 hours sweat equity; living/employed in Park County continuously past 6 months; 30%-60% AMI; demonstrated housing need.
- A home in Park County
It doesn’t cover
- Households above 60% of area median income
- Homes outside Park County
These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.
Income limit
60% of Park County’s area median income
HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.
Where it applies
Park County’s homesPark County’s homes, and the ones this program accepts
- 76.9% single-familysingle-family
- 3.6% townhousetownhouse
- 6.7% 2–4 units2–4 units
- 4.7% 5+ unitscondo & apartment buildings (5+ units)
- 8% mobile & othermobile home & other
A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.
$400,500
Park County median home value
45.7%
built before 1980
U.S. Census Bureau, ACS 2024 5-year. More about buying in Park County
How to apply
How to applyThree steps, in this order
Take a homebuyer education course
Required by the program before funds are reserved.
Contact Mountain Spirit Habitat for Humanity to reserve funds
Funds are reserved with the provider and are subject to availability.
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 homebuyer can take it to a lender or housing counselor.
Questions about this program
What is Mountain Spirit Habitat for Humanity Homeownership Program?
Mountain Spirit Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Powell, Wyoming, administered by Mountain Spirit Habitat for Humanity. Income-qualified Park County families (30%-60% AMI) build and buy their own home, sold at no profit with an affordable mortgage. Selection is based on need, ability to repay, and willingness to partner. Serves the Cody/Powell area. Affordable, no-profit mortgage on a Habitat-built home.
Do you have to pay it back?
Mountain Spirit Habitat for Humanity Homeownership Program is a first mortgage and is repaid under the terms set by Mountain Spirit 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?
Mountain Spirit Habitat for Humanity 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. A homebuyer education course is required. Residency requirement: Living or employed in Park County continuously for past 6 months. 500 hours sweat equity; living/employed in Park County continuously past 6 months; 30%-60% AMI; demonstrated housing need.
What are the income limits?
Mountain Spirit Habitat for Humanity Homeownership Program limits household income to 60% of the area median income, which varies by county and household size. Household income between 30% and 60% of 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?
Mountain Spirit Habitat for Humanity Homeownership Program can be used for Single Family. New construction is eligible.
Where does it apply?
Mountain Spirit Habitat for Humanity Homeownership Program serves homebuyers purchasing in Powell, Wyoming.
How do you apply?
Applications for Mountain Spirit Habitat for Humanity Homeownership Program go through Mountain Spirit Habitat for Humanity, 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.
Also for Park County homebuyersOther programs open to Park County homebuyers
- FHLBank Des Moines Native American Homeownership Initiative (NAHI)Up to $25,000
- FHLBank Des Moines Home$tart Down Payment ProgramUp to $15,000
- WCDA Amortizing DPA Loan ProductUp to $15,000
Whether two programs can be combined is up to each agency. Ask before you apply.
All 77 programs for Park CountyProgram terms are set by Mountain Spirit Habitat for Humanity and can change; confirm on the official site before you apply.