Habitat for Humanity works as a non-profit organization across the globe to help the communities and provide a comfortable home to those who need it. That said, it’s important to understand how this program works and what can help you qualify for Habitat homes if you’re interested in the matter.
Essentially, we help families buy a house at a rather fair market value price without the down payment or interest mortgage. But to understand the whole homeownership program a bit better, let’s dive into it in more detail.
- Who Can Get a Habitat Home?
The first thing you have to understand is that we offer a Habitat for Humanity house for sale – not as a gift. As such, we’re not talking about getting anything; if you qualify for the program, you buy a home for yourself and your family. All with considerable benefits, as mentioned. So, how do you qualify for Humanity home? Essentially, there are several qualification criteria that you have to meet. These are as follows:
- Your annual employment income can’t be less than $40,000 (location-dependent)
- The maximum income of the entire household depends on the number of household members
- The children in the family are younger than 18
- At least one household member must have a full-time job (35-hour week)
- The member working full-time has to have a consistent full-time working history for 2 years past
- You mustn’t be in the possession of another real estate at the time
- You’ve been living in the city where you want to apply for the home for two years minimum
- Every household member is a recognized citizen or permanent resident of the country where you apply
- You have no debts in Collections
- It’s necessary to have at least $2,000 in any type of savings account
- The Consumer Proposal should be in its final year (looked into on a case-by-case basis)
- Debt balance and monthly debt payments can be considered for qualification
If you live alone with an annual income of, let’s say $40-60,000, you can probably lead a comfortable lifestyle. But when you have to take care of a whole family, kids and all, on that paycheck, things can become rather challenging. A lot of families find it impossible to get a place for themselves and continue living in rentals. This is where Habitat for Humanity housing can help your family settle down in a true home where your kids can grow up and put their roots down.
- What Is a Habitat House and Is It Good Quality?
A Habitat house is just like any other house designed to meet the modern lifestyle requirements of an average family. That said, the quality is good! There’s no compromise when it comes to this matter. It’s our goal as a global organization to make sure that the build house program we participate in meets all of the design requirements and specifications of the community in question.
The contractors, trades, and volunteers we bring in for work are all experienced and skilled in what they do, from electricity and plumbing to things such as painting, dry-walling, landscaping, etc.
At every site, we have professional construction supervisors who make sure that everything proceeds smoothly and properly as well as provide volunteer guidance together with other Crew Leaders.
Our Crew Leaders are experienced volunteers who have been on many building projects with us already and have gone through special training to effectively manage other volunteers and ensure that the build is successful and top-quality.
Of course, just like with all other new homes, Habitat homes also go through a thorough inspection and approval process. Not only do we build quality homes that are meant to last but we also put effort into creating energy-efficient homes that maintain great market value.
- Is Habitat for Humanity for Third-World Countries Only?
Habitat for Humanity operates globally. This includes third-world countries, but we’re not limited to them, quite the contrary.
That said, we build homes in the whole of the US and Canada, many countries in Latin America and the Caribbean, plenty of countries in Europe, the Middle East, and Africa, as well as a considerable number of countries in Asia and the Pacific. After all, we recognize that housing is a global issue and hope to make a difference worldwide.
As the gap solution between renting and buying a house traditionally, we want to clear the road to homeownership for more families who simply can’t purchase a home but need a way to get out of the cycle of renting, regardless of their location in the world.
- There Are Other Benefits Aside Home Ownership
If help for buying a house is what you seek, the help you’ll get – and much more! For starters, a Habitat house allows you to calculate the monthly housing costs, which makes it incredibly simpler and easier to save money in the long run, manage your budget, and make some future plans. Furthermore, mortgage payments build equity.
That said, if you ever decide to sell your home back to Habitat for Humanity, you sure can; and you get to take your equity to purchase another home on the market elsewhere.
There’s no need to worry about rent or potential fluctuations in the payment rates. Most importantly, you’re in complete control of your own home as there’s no landlord to impose their rules.
This also means that you don’t have to wait for anyone else to take charge of matters within your home, be it fixing something or having to ask for permission to personalize this space however you desire. Yes, only your imagination and creativity are the limit when it comes to how your new home will look like.
- How to Get a Habitat for Humanity Home
If this sounds amazing and it feels like you can benefit from this project a lot, all that’s left for you to do is go through the process of buying a Habitat home. We have already listed the qualification criteria for you to check out but there’s also the Eligibility Quiz. Taking this quiz can quickly tell you whether you meet the basic criteria of this program. If you’re approved for this affordable mortgage deal, you’ll be invited to watch an Information Session to learn more about the program’s details.
Of course, just like you have to meet our requirements to qualify for a Humanity home, we have to meet yours. And in case you decide that the offer is a good fit for you and your family, all that’s left is to submit an application and wait for the final approval!
Habitat for Humanity works with people from around the world in order to provide communities with safe and secure homes. At the moment, we build houses in more than 70 countries across the globe and are proud to say that we’ve helped almost 30 million people improve their living conditions since 1976. Don’t hesitate to check out our website or reach out to us to learn more about what we do and how we make a difference.