• Information
  • Eligibility
  • Pre-Qualification

 

Eligibility Criteria

Who Are Habitat Homeownership Applicants?

Habitat for Humanity builds affordable homes for low-income families who need decent affordable housing. Applicants must meet the following criteria to be eligible for Habitat for Humanity of Broward’s homeownership program:

  • First-time homeowner
  • US citizen or permanent legal resident of the United States (applies to all household members)
  • Current resident of Broward County for at least one year
  • Need for affordable housing
  • Debt/Income ratio cannot exceed 40% of monthly income spent on an estimated mortgage payment of $950 plus monthly debt combined.
  • Income can not exceed 80% of AMI (See table below)

INCOME GUIDELINES:

People* Maximum
1 $42,700
2 $48,800
3 $54,900
4 $60,950
5 $65,850
6 $70,750
7 $75,600
8 $80,500

*Number of persons in household

Housing Need

(must meet ONE of the following criteria)

  • Inadequate housing—problems with the present structure such as: water, electrical, sewage system, heating, hazardous, poorly maintained (substandard), or failure to meet city property maintenance standards.
  • Overcrowded—family size compared to the number of bedrooms in the home
  • Transitional—currently living with family member or friend
  • Unaffordable—more than 30% of income spent on rent

Ability to Pay

(must meet ALL of the criteria below)

  • Possess adequate income to cover utilities, maintenance expenses, as well as the mortgage payments, which include taxes and insurance. (Please refer to income chart above.)
  • Demonstrate the ability to pay an interest-free mortgage.
  • Owe less than 43% of gross annual income in total debt.
  • Show a record of paying rent and other bills on time.
  • Stable income (within the income guidelines) for the last two consecutive years or more
  • Have not declared bankruptcy within the last 3 years.

Willingness to Partner

(must meet ALL of the criteria below)

  • Work a minimum of 300 hours of sweat equity (building homes).
  • Attend the required homeownership classes as scheduled.
  • Be able to save $2,000 towards closing costs.
  • Responsible for house maintenance after the home is purchased.
  • Responsible for repaying the purchase cost of the home in a timely manner. Your payments not only pay down your mortgage, but also help Habitat to keep building homes.
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