Partner families are always selected based on their need for decent housing, ability to pay a mortgage and willingness to partner with Habitat. Please note that Habitat for Humanity follows a nondiscriminatory policy of family selection, and neither race nor religion is a factor in choosing the families who purchase Habitat houses.
Applicants must meet several qualifications to ensure success. In general, applicants must:
- Have permanent residency status in the United States.
- Have lived or worked in Alamance County for at least a year.
In addition, applicants must:
- Have need for decent housing
- Have the ability to pay a 20 year mortgage. We consider any steady, documentable income, and we review the credit history of every applicant. Income must fall within minimum and maximum limits, depending on household size. Credit must be within an acceptable percentage as well.
- Have the willingness to partner with Habitat by working at least 100 hours building the house of someone else before they spend at least 100 hours building their own. (‘sweat equity’)
Once selected into the program, each partner family will be required to:
- Make a $350 down payment
- Attend homeowner education classes
- Pay off all bad debt and not take on any new debt
- Complete the required hours of ‘sweat equity’
When the partner family has completed the required hours of sweat-equity, and their house is built, their 20 year, interest-free mortgage loan will be closed. Before signing the legal documents for home ownership, the partner family will pay approximately $2,500 in closing costs and have their first month’s payment in savings. Our Habitat homeowners are then required to make timely mortgage payments of between $450-$550 over the life of the mortgage loan.