Current Size: 100%
Think it’s impossible to purchase a home of your own?
Approved families work side-by-side with volunteers and staff for 350 hours and receive training about personal finance, home maintenance and more. This investment – called Sweat Equity – gives family members a common goal and helps them become part of the fabric of their new community.
You may be eligible for a 0% interest loan to purchase your own energy-efficient and easy-to-maintain Habitat home. Take these steps:
- If you think you meet Habitat’s purchasing requirements please complete and return this prescreening application.
- Learn more about owning a Habitat home. Read about all the advantages of purchasing a home through Habitat and check out the frequently asked questions to get details about the homes we build and the process.
- If you have additional questions about applying for a home, please contact Ramona at 336-232-0147.
You meet the requirements if you can say “yes” to all of the following statements:
- I live and/or work in Guilford County.
- I have a job history of one year and have worked in my current job for at least six months and/or receive other sources of income such government benefits, a Pension or Disability benefits.
- My current home or apartment has been in my name for at least one year.
- I do not qualify for a conventional loan.
- I agree to have a credit check.
- I will allow a background check and a home visit.
- I agree to complete 350 hours of Sweat Equity to build my home and/or the homes of other Habitat owners.
- My annual income meets Habitat’s current standards as shown below:
Family Income for 2015*
$22,267 - $29,775
You + 1
$22,267 - $34,050
You + 2
$22,267 - $38,325
You + 3
$22,267 - $42,525
You + 4
$22,267 - $45,975
You + 5
$22,824 - $49,350
You + 6
$30,648 - $52,800
You + 7
$31,170 - $56,175
* Note: Income standards change on an annual basis as determined by HUD and will be updated as soon as the new information becomes available.
- We offer 0% financing. You pay no interest on your mortgage loan.
- You pay no down payment on your Habitat home. You do pay closing costs associated with purchasing a home.
- All mortgage payments are based on your monthly income. Your payment also includes taxes and insurance, which helps you meet your obligations and minimize surprise expenses.
- Our homeowner’s classes help you learn how to afford the costs of owning your own home and how to maintain it.