State Program
Habitat for Humanity Loan Pool – Alabama
The Habitat for Humanity Loan Pool program partners with Habitat for Humanity to provide affordable mortgages to low-income homebuyers.
Program Details
**Habitat for Humanity Loan Pool** partners with local Habitat affiliates to make homeownership possible for families in need. This *may support* affordable mortgage terms and requires participation in the Habitat program, including sweat equity. **Administered by Habitat for Humanity and AHFA.**
**Extra Insights:**
- Habitat requires buyers to invest 'sweat equity'—volunteering time in construction or support.
- Your monthly payment will be tailored to your income so it is always affordable.
- Many families gain access to financial literacy and home maintenance training through Habitat.
**Extra Insights:**
- Habitat requires buyers to invest 'sweat equity'—volunteering time in construction or support.
- Your monthly payment will be tailored to your income so it is always affordable.
- Many families gain access to financial literacy and home maintenance training through Habitat.
Eligibility Requirements
- Must demonstrate a need for affordable housing
- Willingness to partner with Habitat
- Ability to pay an affordable mortgage
- Meet local affiliate income requirements
- Willingness to partner with Habitat
- Ability to pay an affordable mortgage
- Meet local affiliate income requirements
Program Benefits
- Affordable, zero-interest mortgages
- Support from Habitat through the process
- Opportunity to contribute sweat equity
- Support from Habitat through the process
- Opportunity to contribute sweat equity
How to Apply
1. Contact local Habitat affiliate
2. Attend information sessions
3. Submit application and documents
4. Participate in interviews and home visits
5. Complete sweat equity hours
2. Attend information sessions
3. Submit application and documents
4. Participate in interviews and home visits
5. Complete sweat equity hours
Program Overview
Category
State Program
Official Program Website
Information about this program is provided as a resource and may be subject to change. Always verify details with the official program website.
Important Note
Program availability, terms, and requirements may vary by lender and location. Additionally, programs are subject to change based on policy updates and market conditions. Always consult with a mortgage professional for the most current information and to determine eligibility for specific programs.