Habitat homes are simple and modest and are built to be livable and affordable. All of our homes are built to be efficient and environmentally friendly using Energy Star standards. Characteristics of a typical Habitat home for a family of four: • 3 bedrooms, 2 full bathrooms • 1100 square feet on one level • Tile and laminate flooring
In addition to a small down payment and monthly mortgage payments, homeowners invest hundreds of hours of their own labor ("Sweat Equity")into building their Habitat house and the houses of others. Upon completion, Habitat homes are sold at no profit and financed with no- or low-interest loans. The homeowners' monthly mortgage payments are usually between $600 and $700, depending on the size of the house, and go into a "Revolving Fund for Humanity" which is used to build more Habitat homes.
Interested in becoming a Habitat Homeowner? Here are 4 basic factors to help determine if you qualify:
1. NEED- Is your current living situation inadequate in some way? Here are some examples: Substandard housing- Takes into account code violations, safety, livability, stability of the structure and special needs of a family member that are not being met by their current housing. Overcrowded Conditions- Defined as more than two people sharing a room. Unaffordable- Defined as spending more than 30% of the household income on housing or being unable to qualify for a conventional mortgage.There may be some flexibility depending on your debt-to-income ratio. Unsafe Neighborhood- This would need to be verified by a home visit.
2. ABILITY- Do you have the ability to pay an affordable mortgage? Our income requirements are carefully set in order to ensure that our homeowners can comfortably afford a Habitat home. You must have verifiable income of at least $1600 a month and be able to demonstrate a history of paying rent and other bills on time. You must also have a credit score of 640 or more, and credit history will be reviewed for consistent payments. Sources of income include but are not limited to: unemployment benefits, alimony, child support, food stamps, social security or disability.
3. WILLINGNESS TO PARTNER- Are you willing to accept and support the Habitat mission? You must complete the application in a timely manner. Assistance is available to any applicant that needs it. You must take part in Homeowner Education classes about financial management and home maintenance. You must complete "Sweat Equity hours- 250 hours per adult living in the household as well as meet with an assigned Habitat representative monthly to track progress in the program. (All of these requirements need to be met)
4. RESIDENCE- Have you lived in Clallam County for at least 1 year? You must be a resident of Clallam County for at least 1 year.
If you are interested in becoming a Habitat Homeowner and meet the eligibility requirements, click here to view our Events Calendar for dates of our upcoming New Homebuyers Meetings