Home Ownership

Thank you for your interest in becoming a Habitat homeowner. We believe that everyone should have a safe, affordable place to call home. To carry out this vision, we partner with you – starting with the application to construction to when the keys are handed over.

By working together, from beginning to end, we can help prospective families prepare for the various responsibilities of homeownership, including learning about personal finances, mortgages, maintenance and upkeep of ones home. Habitat’s path to homeownership is an important process, requiring hard work, time and dedication. But this helps to ensure the long-term success of Habitat homeowners.

We are here to help! Contact our Family Services Coordinator, Penny Triezenberg for more info 219-923-7265 ext. 1305 or familyservices@nwihabitat.org.

Habitat Partner Family Selection Criteria:

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
  • Liens or judgments must be cleared before taking possession of your home
  • Consistent payment history
  • Able to make applicable down payment and closing costs

Family Size Income Range (subject to change)
1 $15,750- $41,950
2 $18,000- $47,950
3 $21,720- $53,950
4 $26,200– $59,900
5 $30,680– $64,700
6 $35,160- $69,500
7 $39,640- $74,300
8

$44,120 – $79,100

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

Willingness to partner criteria:

  • Agreement to complete 300 sweat-equity hours
  • Agreement to attend homeowner preparation workshops:
    • Nine week Financial Peace budgeting class
    • New homeowner workshop

 

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