Habitat for Humanity of Greater Bangor Homeownership Program

Administered by: Habitat for Humanity of Greater Bangor · Nonprofit · Deferred Loan

Funding status: Active

How much assistance

Affordable income-based mortgage on a Habitat-built home (Deferred Loan)

Eligibility

  • Income limits: Household income between 30% and 80% of Area Median Income with satisfactory credit history and no accounts in collection or bankruptcies in the past 4 years
  • First-time buyer required: Yes — Must not currently own a home or must be living in substandard, subsidized, or unaffordable housing.
  • Geographic restrictions: Greater Bangor area, Maine. Must have lived or worked in Greater Bangor for at least the past year.
  • Homebuyer education required: Yes

How to Apply for Habitat for Humanity of Greater Bangor Homeownership Program

Step 1: Apply through Habitat for Humanity of Greater Bangor. Complete 200 hours of sweat equity and a homebuyer education class. Must demonstrate steady income and satisfactory credit. Visit habitatbangor.org or contact the organization directly.

Visit program website

Notes

Founded in 1988. Has delivered 30+ affordable homes. Homebuyers invest hundreds of hours of sweat equity alongside volunteers. Mortgage payments are income-based and affordable.

Cities Where This Program Is Available