Habitat has established three basic homeowner selection criteria that affiliates must evaluate to determine each applicant's eligibility for the homeowner program:
Potential home buyers might be dealing with poorly built, damaged, unhealthy, or inadequate housing. Alternatively, you might have a rent or mortgage that you cannot afford, or may be living in a home that is inaccessible for your disabilities
Ability to Pay
Habitat offers home buyers an affordable mortgage. Their mortgage payments cycle back into the community to build more affordable houses.
Willingness to Partner
Habitat homeowners put in hundreds of "sweat equity" helping build their own home and the homes of others in the program. This might also include classes in personal finance,home maintenance, and other home ownership topics.
Habitat's home ownership serves those who may not obtain adequate housing through conventional lending but can pay a habitat mortgage Therefore to be eligible for a Habitat home, applicants must meet the parameters that Habitat has set limiting the total house hold income. This is calculated using the Area Median Income.