Home Ownership Program
Everyone deserves a decent place to live...
Home ownership can be life changing – offering a safe and stable place to build equity every month instead of writing a rent check. Habitat for Humanity of Huron Valley partners with potential homeowners to build a new life for themselves through decent, affordable homeownership.
Newly renovated, energy-efficient Habitat homes are sold to those who qualify and are approved for our program. Prospective home buyers who partner with Habitat are community-minded residents who are looking for the stability of homeownership.
We renovate empty houses with community partners and sponsors and then turn them into homes by offering an affordable mortgage to our prospective home buyers. Ultimately, we build much more than houses – the impact of homeownership is profound and lasting. It’s a program that works!
Applicants are chosen on their need for housing, willingness to partner and ability to pay a Habitat mortgage as well as meeting residency and income guidelines:
1. Demonstrate a need for decent, affordable housing
You do not qualify for a mortgage through conventional financing
Your current housing is overcrowded
Your neighborhood is unsafe
Your current home has unsafe living conditions
2. Willingness to partner with Habitat
Each adult over the age of 21 must contribute a minimum of 250 Sweat Equity hours
Every applicant will attend classes in the evening or weekends
3. Ability to pay the monthly mortgage
See the income guidelines and credit standards below
U.S. Citizenship, permanent residency status, or eligible immigration status
Must live or work in Washtenaw County
5. Not currently own a home, have a mortgage, or have your name on a mortgage
6. Two years must have passed since any bankruptcy was discharged
Income Guidelines and Credit Standards
Applicants must meet the following income guidelines:
2018-19 Guidelines for Housing Income
|Minimum Annual Income||$21,250||$24,300||$27,350||$30,350||$32,800||$35,250||$39,010||$43,430||Maximum Annual Income||$52,850||$60,400||$67,950||$75,500||$81,550||$87,600||$93,650||$99,700|
Habitat for Humanity of Huron Valley does not require perfect credit. We consider applicants who demonstrate the ability to make regular payments on their bills. Any collections, past due accounts, judgments, or liens must be addressed. Applicants with negative items on their credit reports will be denied. If you have negative items, such as collections, charge offs, etc. please meet with our financial coach prior to attending an application meeting.
Please contact Latania at (734)-263-4699 for one-on-one financial coaching.
Accepted applicants are also required to make a down payment prior to the closing of the mortgage.
Step 1: Attend an Application Meeting
Click here to sign up for our next application meeting on Sept. 4 at 5 pm. The meeting will be held at the Habitat Office at 2805 S. Industrial Hwy. Ann Arbor, MI 48104. Attendees will learn how Habitat's homebuying process works and application packets will be available. Prior to attending, please review the Credit Standards section above to be certain you wish to proceed.
Step 2. Complete Program Application
*Takes 2-3 weeks to complete application.
The Application Process also includes:
Criminal and Sexual Offender Background Check
Verification of Rental History
Verification of Income & Assets
Partner Selection Committee Review for Board Approval
Step 3: Board of Directors Approval
Board meets monthly to approve prospective homebuyers to the Home Ownership Program.
Step 1: Partner Support Committee Member Assigned
This step typically takes 1-2 weeks to complete
Once an applicant is approved by the Board of Directors, their information is turned over to our Partner Support Committee. A household is assigned a support partner to work with them through the process and through the first year after closing. Together with the support partner, a plan is created to complete the Home Ownership Program requirements.
Step 2: Homeowner Education Classes
This step typically takes 12 weeks to complete
All prospective Habitat homeowners are required to complete all required homeowner training sessions prior to closing on their home. Topics include financial management and budgeting, home maintenance, and financial and legal aspects of homeownership.
Legal Orientation - 2 hours
Home Maintenance - 2 hours
Pre-Purchase Education - 2 hours
Financial Management Training - 9 weeks, 18 hours
Step 3: Sweat Equity Hours
Each adult over the age of 21 must complete 250 hours of sweat equity hours that can include:
125 hours of construction
25 hours of classes and meetings
100 sweat equity hours may be earned through other volunteer opportunities.
Equal Housing Opportunity Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, age, gender, religion, national origin, physical or mental limitation, height, weight, marital status, family responsibilities, educational association, condition of pregnancy, source of income, sexual orientation, gender identity, HIV Status, or other legally protected characteristics.