Income Guidelines & Credit Standards

Income Guidelines

Qualifying income minimums and maximums are determined by family size and are 30-60% of Washtenaw County’s area median income.  These guidelines are adjusted each year and are based on numbers defined by the U.S. Department of Housing and Urban Development (HUD).  These figures include: employment, social security, disability, child support (that is actually being received), spouse support, and pension.

 

Applicants must meet the following income guidelines:

 

2013 Guidelines for Housing Income – Before Taxes
Family Size 1* 2 3 4 5 6 7 8**
Minimum Monthly Income 1,458 1,667 1,875 2,079 2,246 2,412 2,579 2,746
Maximum Monthly Income 2,917  3,333 3,750 4,158 4,492 4,825 5,158 5,492

* One person families are eligible for one or two bedroom homes, which are not always available.
** Multi-bedroom homes for large families are not always available.

Habitat for Humanity of Huron Valley reserves the right to revise these guidelines at any time.

 

Credit Standards

Worried about your credit?

Huron Valley Habitat does not require perfect credit.  We consider families who demonstrate the ability to make regular payments on their bills.  Any collections, past due accounts, judgments, or liens must be addressed (this will be gone over in a one on one credit meeting with you).

Interested in becoming a Habitat homeowner?

Call our office at 734.677.1558 for more information or   or click here to fill out our Interest Form – the first step toward owning a home!

You can also download our Homeownership Flyer by clicking here!