Apply for a Home
Habitat for Humanity is a non-profit, Christian organization that builds houses with people on limited incomes, regardless of their faith, who have need for decent, affordable homeownership. Our houses are built using volunteer labor, including that of the future homeowner, and are sold at no profit. Homeowners pay a 20 year, 0% interest mortgage.
To qualify, you need to know the following selection guidelines:
1. Need for housing:
a. You will be considered for a Habitat home if your present housing is not adequate, and if you are unable to obtain adequate housing through other conventional means. Lack of adequate housing may include problems with the present structure; water, electrical or sewage service systems; heating system, or failure to meet city property maintenance standards. Also taken into consideration are the number, the ages and the gender of children compared to the number of bedrooms in your present home.
b.The percentage of your monthly income that you currently spend on housing is considered to determine need. You will be required to openly and fully discuss your financial situation with Habitat personnel.
2. Willingness to partner:
We work together to build your own house. Every adult age 18 or older must contribute at least 250 sweat equity hours to the project. Participants must also attend homeownership and financial workshops, as well as meet other program requirements.
3. Ability to repay the mortgage:
You and your family will be considered if your annual total income is between 30-50% of the median income for Lafayette.
Year 2006-2007 Guidelines | Family Size |
30% Median |
50% Median |
|---|
| One |
$12,600 |
$20,950 |
|---|
| Two |
$14,400 |
$23,950 |
|---|
| Three |
$16,150 |
$26,950 |
|---|
| Four |
$17,950 |
$29,950 |
|---|
| Five |
$19,400 |
$32,350 |
|---|
| Six |
$20,850 |
$34,750 |
|---|
| Seven |
$22,300 |
$37,150 |
|---|
| Eight |
$23,700 |
$39,550 |
|---|
Applicants will need to supply copies (NOT Originals) of all the following, if applicable:
Most recent pay stubs.
Most recent tax return.
Most recent W-2 forms.
Verifications of all other income and benefits. (food stamps, SSI, SSD, TANF, etc.)
Child support verification.
Bankruptcy information/discharge papers.
Two most recent rent receipts.
If you would like to learn more about homeownership, call Mary Megathlin at [ email ] (phone: 765-423-4590) or complete the online interest form and we will contact you before we have our next meeting.
