HOMEOWNERSHIP 2018-04-23T15:16:42+00:00

The Homeownership program is currently closed.

Applications for homeownership will be available April 1- April 30, 2019

 

Requirements for the Homeownership Program for 2019:

  • Have a need for shelter.
  • Must be a permanent resident of the United States.
  • Have acceptable credit (No unpaid collections, liens or judgments)
  • Bankruptcy must be discharged for 2 years.
  • Have the ability to pay a monthly mortgage & have steady income for 2 years.
  • Have not owned a home within the last 3 years.
  • Be eligible to open/maintain a savings account.
  • Live or work in Rutherford County for at least 6 months.
  • Be unable to qualify for a conventional loan due to income level.
  • Show willingness to partner with Habitat.
  • Be able to pay a minimum of $1700.00 down payment/closing cost.
  • Be willing to perform a minimum of 300-400 hours of “sweat equity” by helping to build Habitat homes, including your own.
  • Complete a mandatory 30-Week Home Buyer Education Class.
  • Complete a mandatory 8 hour Post Purchase Education Class.
  • Debt to Income ratio must be less that 40%
  • Meet the Income Guidelines per your family size

2017 Income Guidelines: These income guidelines are subject to change in 2018

$15,750.00 – $31,500.00 (1 member household)

$18,000.00 – $36,000.00 (2 member household)

$20,780.00 – $40,500.00 (3 member household)

$25,100.00 – $44,940.00 (4 member household)

$29,420.00 – $48,540.00 (5 member household)

$33,740.00 – $52,140.00 (6 member household)

$38,060.00 – $55,740.00 (7 member household)

 $42,380.00 – $59,340.00 (8 member household)

Unfortunately, Habitat for Humanity is not emergency housing. It can take up to 18 months to complete the program and purchase a home.

Look at our Homeowners! 😀 

Our current Habitat Build #154, the Baker Family!

Our current Habitat Build #153, the Martin Family!

Our current Habitat Build #152, the Taylor Family!

Congratulations to Habitat Build #151, the Greer Family!

Congratulations to Habitat Build #150, the Smith Family!

Congratulations to Habitat Build #149, the Mayfield Family!

Congratulations to Habitat Build #147,  the Russell Family!

Congratulations to Habitat Build #146, the Espy Family!

Congratulations to Habitat Build #145, the Hinton Family!

Congratulations to Habitat Build #144, the Russell Family!

Congratulations to Habitat Build #143, the Ortiz /Ruiz Family! 

Congratulations to Habitat Build #142, the Benjamin/Morkos Family!