| How Does It Work?
Do I Qualify to Buy a Habitat for Humanity House?
You may be eligible if you meet Habitat's 3 basic guidelines (Need, Ability to Pay,
and Willingness to Partner) and you can answer "yes" to all of the following statements:
1) I have need:
My income falls within the following guidelines:
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Family Size
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Minimum Income
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Maximum Income
|
|
1 Person
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$12,040
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$30,100
|
|
2 People
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$13,767
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$34,417
|
|
3 People
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$15,493
|
$38,733
|
|
4 People
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$17,220
|
$43,050
|
|
5 People
|
$18,620
|
$46,550
|
|
6 People
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$19,973
|
$49,933
|
|
7 People
|
$21,373
|
$53,433
|
|
8 People
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$22,727
|
$56,817
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* Guidelines are for July 1, 2009 through June 30, 2010. Income guidelines change every year.
2) I have the ability to pay:
- I do not have excessive credit card debt or multiple bills in collections.
- I have not declared bankruptcy in the last 18 months.
- I pay my rent on time.
- I have a stable income for the past year.
3) I am willing to partner with Habitat:
- I am willing to be a partner with Habitat and put in 400 hours of "sweat equity" first working on other families' homes and then building my own home.
- I will attend budget classes and monthly homeowner workshops.
- I am willing to live in the areas in which Habitat for Humanity of Metro Louisville is building.
Frequently Asked Questions:
Where Does Habitat of Metro Louisville Build?
Habitat of Louisville currently builds in these neighborhoods:
How Much Do I Have To Pay?
The House payment (taxes and insurance included) for a 3 bedroom house is about $425 per month. The loan is a 20 year mortgage at 0% interest with a forgivable (soft) 2nd mortgage. The total sum of both mortgages equals the market value of the house. In addition to the monthly mortgage payment, you will be responsible for closing costs of $1,300.
How Long Does It Take Until I Can Move Into My New Home?
Once approved most partner families move into their homes within a year.
What Are Some Basic Features of a Habitat House?
- New Energy Star rated appliances
- Approximately 1100 square feet
- Covered front porch
- Central Air Conditioning and Heat
- Security System
- Security Doors
What do I need to do if I am interested in applying for a home?
If you answered yes to all of the statements above (or if you are not sure), then please click on the Pre-Application link below. Print the Pre-Application, fill it out, then mail or fax it to the address on the Pre-Application.
After we review your completed Pre-Application, we will contact you about whether or not you should fill out a full application based on your answers on the Pre-Application.
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