- Main phone #1-800-422-4828 for Habitat for Humanity
- Non discriminatory
- Serve ALL types of households and families
- Faith based organization (Christianity)
- Helps families escape substandard housing
- International headquarters Atlanta, Georgia
- Established 1981
- Operates Independently (not government owned)
- Non transferable (can not start application in one state and continue application process in another state)
- Enable families to build and buy affordable houses
- Builder and lender
- 0% interest loans
- 0% annual percentage rate(APR) home loan
- application process takes up to 3 months
- 12 to 24 months for home to be built or remodeled
- Build with and not for families (you are part of the building process)
- Have volunteer opportunities for individuals with special needs
- $2,000 closing cost
- 0% down payment
- No more than 30 % of gross monthly income [includes: property taxes, insurance, home owner association fees(HOA) and mortgage]
- Once approved mortgage will not change after sale
- Taxes, insurance, homeowner association fees(HOA) fluctuates over time.
- Does foreclose for non payment
- Sell at market value at time of sale
- Can sell home at anytime with restriction [homeowner receives appreciation of home, based on the market value at time of current sale price]
-greater than 20 years living in home, you receive 100% of market value at resale
-16 to 20 years living in home, you receive 75% of market value at time of resale
-11 to 15 years living in home, you receive 50% of market value at time of resale
-6 to 10 years living in home, you receive 25% of market value at time of resale
-1 to 5 years living in home , you receive 0% of market value at time of resale
- Habitat can purchase home back
- You do not choose the type of house if preapproved (includes: condo, town homes, duplexes, multiplexes and single family homes)
- Builds 1 to 5 bedrooms
- You do NOT choose size, Habitat chooses based on family size and make-up
- Can not add on to homes due to property lines, easements and city rules.
- Builds 900 to 1300 square feet for new homes
- Few extra and small bedrooms to keep down cost
- 2 children of the same gender share rooms
- Stove, refrigerator, washer , dryer and dishwasher provided mostly
- 1 full bathroom and a half bath is standard
- No garage, car port , basement, or usable attic
- Location varies
- No custom houses
- Not for everyone
- Has program criteria
-First time homebuyer (hasn’t own home in the past 3 years and if you live in a trailer home)
-Residency of United States or citizen or permanent resident
-Need of decent housing
-Ability to pay
-Willingness to partner
- Visit home of applicants
- Household median income between 30%-60% of area median income
- Satisfactory credit history ( debt, collections and judgement)
- Income has to be documented
- Income has to be predictable and lasting (2 years of steady income)
- Background checks ( negative background does not automatically disqualify applicant)
- No minimum credit score required
- No bankruptcy for the last 3 years
- 300 to 500 hours of “sweat” equity
-300 hours for remodeled homes
-500 hours for new homes
- Preapproved home works education
-Budgeting and financial management classes
-Home maintenance
-Homeowner association classes
-Tax management
- No childcare or transportation provided
*Application process*
- Application meetings and open application rounds are 3 to 4 weeks
- Application process workshops
- Application process deadline has to be met
- Financial reviews which includes income and credit (which can qualify or disqualify you)
- Home visit interviews
- Family selection committee (which can qualify or disqualify you)
- Make your own copies of personal documentations
