Qualifications for the Habitat Home-Ownership Program
Habitat for Humanity in the Roanoke Valley considers the following when evaluating applications for partnership. More specific information is provided at Information Meetings held at the Habitat Administrative Offices at 9:00am on the first Saturday of every month.
Need for Housing
- You are a first-time home-buyer or have not owned a home in the past 3 years.
- You are a U.S. citizen or legal resident of the United States
- Your present housing situation is overcrowded, unsafe inside and/or outside, in substandard condition or lacks inoperable plumbing and heating.
- Your family lives in subsidized housing.
- You are unable to secure adequate housing through the private market.
- Your residence is not accessible to all household members.
- Your family is currently living with friends or relatives.
Ability to Pay
- Your total household income falls between 30%-60% of HUD Area Median Income.
- You and/or your co-applicant have a stable combined income of at least $1400 monthly.
- You have paid rent on time for at least the past 12 months.
- You have not had a foreclosure or bankruptcy discharged in the past 2 years.
- You will clear any old debts (judgements, liens and collections) and maintain a low debt level.
- The family is committed to maintaining a savings account for emergencies.
Note: Habitat staff can help you make a plan to play off old debts and offers one-to-one or group money management classes.
Willingness to Partner
- You will contribute “sweat equity hours” and attend all required classes.
- You will live where Habitat is building.
- You understand that you may be offered a building lot OR a renovated house.
- You plan to stay in the house and become a part of the neighborhood, and understand that there are certain resale restrictions.