Income Guidelines

HOUSING QUALIFICATIONS

     Applicant(s) must currently be living in sub-standard housing conditions (examples include defective dwelling, overcrowding, housing not affordable to budget, poor living environment, etc.)

      Applicant(s) must agree to ‘partnership’ with Habitat for Humanity in helping to build their house and houses built for other families.  Each adult (18 years of older) living in the household must work a minimum of 250 hours of ‘sweat-equity’ hours. This includes work done on the construction site either on their home or on another family’s home, or at other locations such as in the Habitat office.  Partners are expected to be at your house site during construction regardless of the number of sweat equity hours accumulated. 

      Applicant must reside or work in the service area of SAW Habitat for Humanity for at least 1 year.  Applicant must not be able to qualify for a commercial home loan however; applicant must have enough income to support the monthly mortgage payment (depends on house needs). Minimum monthly income needed to support a Habitat mortgage and utilities is $1,400 (may be more depending upon family size).

      Applicant(s) should not have more than $1,000 in delinquent debt including but not limited to: past due debts, charge offs and unsatisfied judgments on their credit record.  (Delinquent debt must be satisfied before moving into the home or purchasing the house.)

     Total annual family income from all sources must not exceed these maximum guidelines:

                        MAXIMUM INCOME GUIDELINES: Effective May 2012

 

Family Size

Minimum Gross
Annual Income

Maximum Yearly GROSS Income
(If you make more than this a month… you can qualify for a standard mortgage!) 

1

$16,800*

$33,500**  (2,792)

2

$16,800*

$38,300** (3,192)

3

$19,090*

$43,100** (3,591)

4

$23,050*

$47,850** (3,988)

5

$27,010*

$51,700** (4,308)

6

$30,970*

$55,550** (4.729)

7

$34,930*

$59,350** (4,946)

8

$38,890*

$63,200** (5,267)

*reflects March 2011-12 federal poverty guidelines at 100%
**reflects 80% of HUD area median income as of May 2012

 We are pledged to the letter and spirit of U.S.policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, age, handicap, familial status, or national origin.   It is the policy of SAW Habitat for Humanity to make an investigation of an applicant’s background which will include public records and criminal records.

Donate


Our Sponsors