To participate in the Habitat Homeownership Program, applicants must meet the following requirements:
- Have a need for adequate housing
- Be able to qualify for a mortgage and maintain affordable monthly payments, and
- Have a willingness to partner in the program
Substandard – broken plumbing; faulty or unsafe electrical; poor heating; deteriorating structure; exposure to mold, lead or asbestos; or any other situation that is a health and/or safety issue.
Cost-burdened – if your rental payments are 35% or more of your total income
Overcrowded – if and adult and child; or more than two children; or two children of the opposite sex share a bedroom
Unsafe neighborhood
Income too low to secure conventional financing from a traditional lending institution.
Have a gross household income that is between 50-80% of the area median income for the county to which you are applying. Median income varies depending on family size (See the charts below)
Show a stable employment history or other reliable source of income
Have an acceptable credit history and a good record of paying rent on time
Be able to save $2,500 to go towards closing costs
Area Median Income Chart As of Spring 2022
(Subject to Change Annually)
| Family Size | Minimum (50%) household income |
Maximum (80%) household income |
|---|---|---|
| 1 | $30,200 | $48,300 |
| 2 | $34,500 | $55,200 |
| 3 | $38,800 | $62,100 |
| 4 | $43,150 | $69,000 |
| 5 | $46,600 | $74,500 |
| 6 | $50,100 | $80,000 |
| 7 | $53,500 | $85,600 |
| 8 | $57,000 | $91,100 |
| Family Size | Minimum (50%) household income |
Maximum (80%) household income |
|---|---|---|
| 1 | $37,100 | $59,400 |
| 2 | $42,400 | $67,800 |
| 3 | $47,700 | $76,300 |
| 4 | $53,000 | $84,800 |
| 5 | $57,200 | $91,600 |
| 6 | $61,500 | $98,400 |
| 7 | $65,700 | $105,200 |
| 8 | $70,000 | $111,900 |
*If you are unsure about eligibility, please contact [email protected] for help with all financial questions.
Committing to 500 hours of “sweat equity” (see FAQs for more details)
Attending financial literacy, credit repair and homebuyer classes
Maintaining open communication and attending regular meetings with Habitat
Providing proof of income & savings once per month
Be a legal permanent resident or U.S. citizen and live or work in Northern Saratoga, Washington or Warren Counties.
Be a first-time homebuyer, defined by the Department of Housing and Urban Development (HUD) as not having owned a home in the last 3 years
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