Apply to be a Homeowner
* Please bear in mind that you do not have to have all of the supporting documents in order to begin the application process. The complete list can be overwhelming, and we are here to make sure that you are able to complete the process. Get in touch to discuss the requirements if you’re interested in applying!
Selection is based on the following criteria:
Need for adequate housing
- Lack of decent and safe living conditions
- Overcrowded housing conditions
- Unsafe neighborhood
- Excessive home rental expense. A family should not have to spend more than 35% of its income for housing, not including utilities
- An income too low to secure conventional financing from a traditional lending institution
Ability to pay
The gross household income must be between 25 and 60% of the median income for Chatham County for the past year. The median income figure varies depending on the size of the family, not including utilities. See the chart below for information about Median Income.
|2018 Median Income for Chatham County: $80,600
|These income guidelines are subject to change annually based on HUD’s new income guidelines.|
- Monthly long-term debt payments, including estimated mortgage payment, should be less than 30% of your family’s income.
- You have an acceptable credit history and a good record of paying rent and utilities on time.
- You are willing to combine delinquent accounts, if needed, into a repayment agreement and make timely payments for six months to demonstrate your financial responsibility.
- You can afford a mortgage payment of $450 to $680 per month.
- You are willing to save save $1300 to $1,500 in a Habitat escrow account to go toward closing costs.
Willingness to partner
- You are willing to work cooperatively with the sponsoring organization, other donors, and volunteers.
- Your family is willing to contribute a minimum of 350 hours of sweat equity toward the building of your Habitat home. A portion of these hours must be performed by the head(s) of household. Family and friends can chip in on the rest.
- You are willing to participate in classes that will help prepare you for homeownership and for being part of a community.
- You are committed to making timely house payments and to maintaining your home.
- You are committed to your new community and will work to keep it safe.