HOMEOWNER QUALIFICATIONS


Habitat for Humanity is a nonprofit organization that helps lower-income families realize the dream of home ownership.  Construction of each Habitat house is a cooperative effort between volunteers, house sponsors and the buyer(s) of the house. 

Here is the link to the sample Habitat homebuyer application: Sample Homebuyer Application.

Applications are typically available twice a year, in late February and late August. Check back in July to see if applications are being accepted in August 2010. Read the qualifications on this page to be sure you qualify for this program.
 

QUALIFICATIONS FOR HOMEOWNERSHIP

NEED
Applications are considered if present housing is overcrowded, in poor repair, or under a subsidized rental program.  Applicant must also be a first-time homebuyer.


INCOME
As of Jan 2009, total dependable & documented income from all sources must be in the range of:

Family Size

1

2

3

4

5

6

7

8
Minimum Income

$22,200

 $26,000 $27,500 $30,600 $33,000 $35,500 $37,900 $40,300
Maximum Income

$28,500

$32,600

$36,700

$40,700

$44,150

$47,300

$50,500

$53,800


CREDIT HISTORY
All collections and judgments must be satisfied (paid off/zero balances).  Loan and credit payments must be paid on time. Applicants who have filed for bankruptcy must be at least one year past discharge and have good credit reestablished.


SWEAT EQUITY
Applicants must be willing to be a partner with Habitat by working at least 400 hours of "sweat equity" with the staff and volunteers on their own home or other Habitat projects.


RESIDENCY
Applicants must currently live or work in Hampton, James City County, Newport News, Poquoson, Williamsburg, or York County for at least one year.

 

Building sites are very limited and to be determined. While we cannot guarantee to offer a location in any particular locality, we seek to acquire building sites that may be in Hampton, James City County, Newport News, Poquoson, Williamsburg and York County. Construction takes 4 to 6 months. A house is not started until the fundraising for it is complete. Habitat in turn uses your mortgage payments to help build more Habitat homes!

 

757-596-5553 | P.O. Box 1443 | Newport News, VA 23601 | Email at info@HelpHabitatforHumanity.org
Please direct questions concerning this site to the Site Administrator.

03/09/2010

 
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