Home Ownership

 

Selection Criteria:

  • Need
  • Ability to pay
  • Willingness to partner with Habitat

Eligibility Criteria:

  • Perform sweat-equity hours.
  • Attend workshops and classes.
  • Pay a deposit  of $2500 towards escrow and closing costs.

 

Ability to pay criteria

  • Must meet minimum income requirements
  • Debt must not be excessive.
  • Any liens or judgments must be cleared before taking possession of your home.
  • Consistent payment history.
  • Able to make applicable down payment and closing costs.

You may be asking yourself…

  • How many hours a week will I need to commit to working with Habitat for Humanity?

Partner families are responsible for 300 hours of sweat equity.

  • Can family members or friends help with this requirement?

Friends and family may complete up to 150 hours for you.

  • Am I willing to attend workshops to learn about money management and homeownership?

 

Family Size Income Range
1 $14,550- $38,750
2 $16,600- $44,250
3 $20,780- $49,800
4 $25,100– $55,300
5 $29,420 – $59,750
6 $33,740- $64,150
7 $38,060 – $68,600
8

$42,380 – $73,000

Need criteria

  • Income between 30% and 80% of the median income for Lake County
  • Present housing conditions must be inadequate, some examples are:

                – Overcrowded

                – Unsafe

                – Poor repair

                – Too expensive for your income

Willingness to partner criteria

  • Agreement to complete sweat-equity
  • Agreement to attend homeowner preparation workshops:
  • Nine week Financial Peace budgeting class
  • New homeowner workshop

Call 219-923-7265 ext 305

Or email

      familyservices@nwihabitat.org

if you have any questions!

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