Habitat for Humanity offers Flathead Valley families a unique opportunity to build and buy their own homes. Through the help of many volunteers and a number of local businesses, Habitat sells the homes to qualified homebuyers at no-profit. The mortgages are low interest for 30 years. Homebuyer mortgage payments are put into a revolving fund to help pay for construction on more homes for Flathead Valley residents.
Homebuyer selection is done following fair housing laws. The Fair Housing Act makes it unlawful to discriminate against any person in the sale, rental, advertising, or financing of housing on the basis of race, color, religion, sex, handicap, familial status, or nation origin.
Habitat also operates in accordance with the Equal Credit Opportunity Act and the Americans with Disabilities Act.
1. Meet Initial Requirements Above
2. Print Application and Complete
3. Turn in Application to Administrative Office
4. Receive list of Financial Documents to Collect
5. Turn in Completed Application
In order to apply for the Habitat for Humanity Homebuyer program, you must meet the following initial requirements:
Applicants must be currently living in substandard housing which means their current housing situation is:
-- A financial burden (housing costs exceed 30% of the family's annual gross in come)
-- Unsafe or unsuitable because of problems with electricity, plumbing, heating, handicap accessibility, structure, etc
-- Overcrowded: not enough bedrooms for members
2. ABILITY TO PAY
Applicants annual gross income (including taxes) must fall within the range below which determines the family can afford the 30 year low-interest mortgage without putting additional financial strain on the family.
3. WILLINGNESS TO PARTNER
Applicants must be willing to complete a First Time Homebuyer education course, a Financial Counseling Course and be willing to complete a minimum of 500 hours of sweat equity on your home through a mentoring program to prepare for the responsibilities of homeownership.
Applicant must currently reside in the Flathead Valley.