Austin Habitat New Home Construction Program

Austin Habitat New Home Construction Program es un segundo préstamo diferido para compradores de vivienda en Austin, Texas. Austin Habitat for Humanity 30-year zero-interest first mortgage on a newly constructed Habitat home in Austin or Travis County. Sweat equity (300 hours/adult) required. 30-80% MFI; 620 FICO; mandatory homebuyer education. Max sale price approximately $260,000. Austin Habitat for Humanity New Home Construction Program offers qualified low-to-moderate income families the opportunity to purchase a newly constructed home in Austin or Travis County at below-market price with a 30-year zero-interest amortizing first mortgage held by Austin Habitat. Sweat equity required (300 hours per adult applicant). Maximum home sale price approximately $260,000 (Habitat-built single-family). The implicit subsidy from below-market pricing combined with 0% interest functions as a substantial DPA. Mandatory homebuyer education and financial fitness program required. Los fondos provienen de Private.

Austin Habitat New Home Construction Program es diferido, así que no hay pagos hasta que la vivienda se venda o se refinancie, o se termine de pagar la primera hipoteca. El reembolso se activa por 30-year amortizing first mortgage at 0% interest. Sale, transfer, refinance, or vacating triggers Habitat's right of first refusal and shared-equity recapture provisions. La ayuda se registra con un gravamen en posición 1st Lien. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Austin Habitat New Home Construction Program está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: First-time homebuyer required (no ownership in past 3 years). Exceptions for displaced homemakers, veterans, and individuals fleeing domestic violence. Sobre el crédito, el programa indica: 620 minimum FICO; bankruptcy must be discharged 2+ years; no recent collections. Se requiere un curso de educación para compradores de vivienda, a través de Austin Habitat for Humanity homebuyer education program (mandatory). HUD-approved counseling available through Frameworks CDC, Foundation Communities, and other Austin-area providers. Requisito de residencia: Property must be a Habitat-built home in Austin or Travis County, occupied by buyer as primary residence. Ciudadanía o situación migratoria: U.S. citizen or lawful permanent resident. Applicant must demonstrate need for affordable housing (current housing inadequate, unaffordable, or unsafe). Income at 30-80% MFI for Austin MSA. Willingness to partner: 300 sweat-equity hours per adult applicant (construction site or qualifying volunteer alternative). Ability to pay: 28-43% housing DTI on Habitat's 0% first mortgage. 620 FICO minimum. Mandatory completion of homebuyer education. Property is a Habitat-built new home in Austin or Travis County. Buyer must occupy as primary residence; sale/transfer subject to Habitat right of first refusal and shared-equity recapture.

Austin Habitat New Home Construction Program limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. 30-80% MFI for Austin-Round Rock-Georgetown MSA per HUD; 1-person $68,500 / 4-person $97,800 / 8-person $129,100 (2025 limits). El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Austin Habitat New Home Construction Program limita el precio de compra a $260,000. Los tipos de propiedad elegibles incluyen Newly constructed single-family detached homes built by Austin Habitat for Humanity. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Austin Habitat New Home Construction Program atiende a compradores de vivienda que compran en Austin, Texas.

Las solicitudes de Austin Habitat New Home Construction Program se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Apply directly to Austin Habitat through application cycles announced at austinhabitat.org. Selection committee reviews applications based on need, willingness to partner, and ability to pay. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.