Creating a world where everyone has a decent place to live

Homeownership

How to Become a Habitat for Humanity Homeowner

There are 4 basic qualifications for the Habitat for Humanity of Louisa Homeownership Program.

  1. Residency: All applicants must be residents of Louisa County for at least the past year and be able to show proof of residency
  2. Need for Housing:  Are you homeless? Is your current housing substandard or unsafe? Is your house overcrowded? Is the rent greater than 33% of your income? Do you live in a high crime neighborhood? Do you receive a Housing Choice (Section 8) voucher?
  3. Ability to Pay: Habitat offers home buyers affordable low interest mortgages. Qualified homeowners must demonstrate the ability to make timely, monthly mortgage payments. Applicants must be able to show reliable, documentation of income for a period of one full year prior to application. Habitat does not require perfect credit at the time of application and we partner with individuals and families throughout the home buyer journey to improve their overall financial health and develop appropriate repayment plans to pay off existing debts.

  **We work exclusively with individuals and families who have incomes falling within 25-60% of Area Median Income and are not able to obtain a traditional mortgage. The household’s gross yearly income (before taxes and deductions) should fall in the following range (for household size greater than 8, please contact our office): 

Household
Size

Minimum Income Guideline

Maximum Income Guideline

 

25% of median income

60% of median income

1

$12,375

$29,700

2

$14,125

$33,900

3

$15,900

$38,160

4

$17,650

$42,360

5

$19,075

$45,780

6

$20,475

$49,140

      ** Income Guidelines: Numbers are based on medium income limits provided by HUD.  

  1. Ability to Partner: Habitat offers prospective homeowners a helping hand up, to build not only a house, but a positive future for you. We HELP YOU HELP YOURSELF and therefore, we ask you to invest your time into building your house or contributing time to your community in another agreed upon way.  Your contribution to a project in the form of labor is referred to as “Sweat Equity”.   200 hours are required for family size of 1.  For each additional adult, 100 additional hours are needed.
 

Habitat for Humanity follows a nondiscriminatory policy of family selection. Neither race nor religion is a factor in choosing Habitat’s homeowners.