How to Qualify
Who Are Habitat Home Applicants?
Indian River Habitat for Humanity builds affordable homes for low-income families who have a need or live in substandard housing.
Homeowner Applicants must have a need, the ability to pay and the willingness to partner. They must also:
- Be legal resident of the United States
- Have lived and worked in Indian River County for at least one year
- Household income must fall within the income guidelines listed (see chart)
- Have no prior homeownership in the past three years
Based on 2021 HUD Guidelines of Indian River County.
*number of individuals
- Current shelter is inadequate due to structural issues or special needs.
- More than 30% of gross income is paid for housing.
ABILITY TO PAY
- Adequate income to cover utilities, maintenance expenses, as well as the mortgage payments, which include taxes and insurance.
- Less than $3,000 in delinquent non-medical debt on your credit report in the past 24 months.
- Debt to income ratio of less than 41%.
- Timely rent payments, stable income for one year, and no bankruptcy in the past three years.
WILLINGNESS TO PARTNER
- A willingness to partner with Habitat and work hundreds of hours of “sweat equity”. (Total hours based on number of adults in household)
- Must attend the required homeowner classes as scheduled.
- Willing to pay-off all non-medical delinquent debt prior to purchasing home.
- Meet a minimum savings amount of $2,000 towards closing costs.
- Be responsible for house maintenance after the move in date.
- Be responsible for repaying the purchase cost of the home in a timely manner so that other families can benefit from the Habitat program.
“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, handicap, familial status, or national origin.”