Affordable Homeownership Orientation
Affordable Homeownership Orientation
Are you interested or do you know someone who might be interested in finding our more information about our Skagit Habitat for Humanity affordable homeownership program? If so please join us for an informative orientation or visit our website for more details: https://skagithabitat.com/apply-for-a-home/
How You Can Become a Skagit Habitat Homeowner
Habitat for Humanity is a homeownership program that empowers families to build a new life for themselves through the stability and security of owning their own home. Habitat homes are not given away but are sold to families who qualify, are willing to put in 500 hours of ‘Sweat Equity’, and are able to make a monthly mortgage payment. Habitat homes are affordable because Habitat does not make a profit; homes are sold with a low-interest loan, and are built mostly by volunteers, and use donated materials when available.
Step One: Attend an Affordable Housing Orientation & Application Meeting
Families interested in applying for a Skagit Habitat for Humanity home begin by attending a mandatory Affordable Housing Orientation & Application Meeting. At the meeting we will explain the program requirements, criteria, and expectations; describe the type of homes we build and talk about how the application process works and answer questions. Meetings are scheduled on an irregular basis to coincide with upcoming new construction. Application packets are available at the end of the meeting.
Click Here for Information About the Next Meeting
Applicants for the Skagit Habitat for Humanity homeownership program must meet the following selection criteria:
Residency
- Applicants must be US citizens or permanent residents of the United States
- Applicants must have established residency in Skagit County, Washington for at least one year prior to application
Need
- Applicants are currently living in inadequate or substandard housing
OR - Applicants are paying fifty percent (50%) or more of the family income toward rent (because subsidized housing is generally affordable and adequate, families already in these programs may still be eligible for Habitat, but may be given a lower priority for consideration)
Willingness to partner
- Applicants must contribute a minimum of five hundred (500) hours of ‘Sweat Equity’ labor on the home or the homes of other families and volunteering at the Store, special events, etc.
(Family and friends are able to provide some of this sweat equity, and considerations will be given to those with physical disabilities so that they can complete their sweat equity hours) - Applicants must attend required classes
Ability to repay the loan
- Applicants must have a two year history of documented income providing adequate ability to repay the loan payments
(Income received from unemployment benefits, food stamps, temporary state assistance, temporary employment income, child support or SSI for dependents cannot be counted as steady income) - Applicants income must be within the income guidelines listed in the chart below*
- All Bankruptcies must have been cleared for three-five (3-5) years with sufficient credit history after discharge
- Once their home is completed, the family will become a Skagit Habitat Homeowner and must pay back mortgage to Skagit Habitat for Humanity
(Currently mortgage payments have not exceeded $850 per month, and no mortgage will be more than thirty percent (30%) of a family’s monthly income if selected)
Date and Time
Saturday Mar 28, 2020
2:45 PM - 5:00 PM PDT
Saturday, March 28th 2:45 to 5:00 pm
Location
DATE: Saturday, March 28th 2:45 to 5:00
WHERE: Burlington Public Library Conference Room
820 E Washington Ave, Burlington, WA