Habitat for Humanity of Montgomery and Delaware Counties - Home Buying - Montgomery; West Norriton
Habitat for Humanity of Montgomery and Delaware Counties - Montgomery; West Norriton
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Data Provided By
2-1-1 SEPA - 2-1-1 SEPA
Description of Service
Habitat MontDelco offers an affordable mortgage* on a 30-year loan and requires only a $500 down payment at time of closing. In addition to a financial down payment, each individual who will be listed on the mortgage is required to perform 200 hours of “sweat equity”. Habitat considers three criteria when reviewing applications: need, ability to pay, and willingness to partner. Through its non-traditional lending process, Habitat MontDelco aims to enable low-income families across Montgomery and Delaware counties to secure stable, affordable housing, achieve their dream of homeownership, and build wealth through their homes.
*(As of March 2018, APR is 0%)