To apply and qualify to become a Habitat homeowner you must meet the following three criteria and additional requirements
Need for a Home (ONE of the following situations must apply)
Inadequate Housing- problems with the present structure such as: water, electrical or sewage service system, heating, poorly maintained (substandard), or failure to meet city property maintenance standards
Overcrowded- family size compare to number of bedrooms in the home
Government Subsidized Rent- living in a government-subsidized housing (i.e. Housing Authority, Section 8 housing)
Cost Burden- Cost of rent plus utilities is more than 30% of applicant’s monthly income
Unable to obtain a mortgage through the Private Market- Applicant has been denied for a conventional or government assisted mortgage loan
Transitional- Currently living with a family member or friend
Ability to Pay
Must demonstrate the ability to afford the projected Habitat no interest monthly mortgage payments (depending of the size of home range from $600 to $650 which includes principal, taxes and homeowner insurance)
Must have a minimum of 2 years of continuous and documented income and earn presently a minimum annual gross
income between $23,333 to $24,450 (Depending on the size of home applicants qualify)
*Gross income (before taxes and deductions are taken from paychecks)
We count income from job wages, court order child support, alimony, Social Security Survival benefits (SSDI), Supplemental Security Income (SSI) and Disability.
According to family size, the total family annual gross income must be LESS than the chart below
2017 Income ranges are from HUD as of 4/20/2017 and subject to change.
Monthly mortgage payment cannot exceed 28% of the applicant’s gross monthly income
Have the ability to save the $1,500 escrow down payment. $500 at approval and $1,000 before closing
Habitat will conduct a credit check. We do not take in consideration credit scores or medical collections. However, non-medical accounts in collection, charge-offs or unsatisfied public records need to be resolved prior to approval.
Bankruptcy release date must be at least four years old
Willingness to Partner
Willing to complete the required 300 sweat equity hours to help build your own and other Habitat homes
Willing to attend the homeownership education classes
Willing to complete the mentoring program
Must be a first time homeowner (cannot have owned a home within the past 3 years, except for a mobile home)
Must live or work in Martin County for twelve (12) months prior to applying with Habitat
All adults in household must pass a criminal background check
All members in household must be either US citizens or legal permanent residents (green card)
Habitat for Humanity is pledged to the letter and spirit of the U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to becoming a homeowner due to race, religion, sex, handicap, familial status or national origin.