HOMEOWNERSHIP
WHAT WE LOOK FOR
1.
NEED
Habitat looks at every applicant’s need for housing on a case-by-case basis. Some housing need criteria includes showing financial need and living in unsafe conditions.
2.
Ability to Pay
Applicants must be able to provide financial proof they will be able to sustainably pay a mortgage back to Habitat.
3.
Willingness to Partner
All applicants must be willing to complete up to 230 hours of sweat equity working on the construction site, at the ReStore and by completing all HomeWorks homebuyer education and financial literacy classes.
HOMEOWNERSHIP
Habitat seeks to promote dignity and hope to families served in order to meet needs in a sustainable and transformational way.
Every family who partners with Habitat must complete up to 230 hours of sweat equity, working on the construction site and at the Habitat ReStore, and successfully pass HomeWorks home buyer education and financial literacy classes before building their home.
Future homeowners repay an interest-free mortgage back to Habitat. Thanks in part to partner family sweat equity and volunteer labor, the cost of a standard three-bedroom home is kept affordable, with typical monthly mortgage payments around $500 including taxes and insurance.
The revolving fund created by mortgage payments received allows Habitat to reinvest into the community through additional housing opportunities, creating a lasting and sustainable investment for years to come.