The Habitat Home Ownership Program is a self-help program where our local Habitat affiliate provides affordable home ownership opportunities through a partnership program. Providing a stable, long-term home environment, pride of ownership, and the chance to learn new skills and make new friends along the way, the Habitat Home Ownership Program offers a life-changing opportunity that results in a very positive and beneficial experience for our Partner Families.
There are three areas in which applicants must qualify which are need, ability to pay, and your partnership with Habitat for Humanity of Monroe County. Please continue for more information.
The first qualification for the Habitat for Humanity Homeownership Program is the need for better housing.
ABILITY TO PAY
You will actually buy your home from Habitat for Humanity of Monroe County. An affordable mortgage is written for 15 – 30 years at below market fixed interest rates.
Habitat considers all stable sources of income as well as how long you have had the income. Habitat also obtains a credit report on all applicants, although we do not expect perfect credit.
Below are the guidelines for stable gross annual income (before taxes). If you are not sure if your income meets these guidelines, we strongly encourage you to submit your application for us to review and make a determination
|2012 Income Guidelines Areas other than Luna Pier|
|Family Size||Lower Limit||Upper Limit|
*Gross menas before deductions
|2012 Income Guidelines-Luna Pier|
|Family Size||Lower Limit||Higher Limit|
YOUR PARTNERSHIP WITH HABITAT FOR HUMANITY
When selected, you become a partner with Habitat for Humanity of Monroe County. You will be asked to contribute 200 hours per adult of volunteer work, called sweat equity, with Habitat, which must be completed before owning the home. Sweat equity may include: clearing the lot, painting, helping with construction, volunteering at Habitat functions, learning how to budget your finances, and learning construction and maintenance techniques for your new home.
A $1,000 down-payment can be saved over the duration of the program.
You are responsible for maintenance and repairs of your house from the time you sign the mortgage and move in.
You must be willing to accept assistance from a volunteer mentor through the preparation & building process.
Special accommodations may be made for those with disabilities.
The process begins with a completed application, which can be downloaded from here or picked up at the business office or ReStore. Please return your application along with copies of your most recent pay check stubs, prior year w2 statement and federal tax returns to Habitat for Humanity of Monroe County offices. The offices are located at 14930 LaPlaisance Road Suite 111, Monroe, MI 48161.
You will be notified of the status of your application status within 30 days of receipt of your completed application.
Once accepted, you will be invited to an orientation meeting where you will get all of the information you need to be a successful homebuyer partner with Habitat.
Director of Homeownership
Office: (734) 243-2048