Habitat uses three criteria to determine whether or not a family is ready to take part in the homeownership program. Habitat for Humanity has three program requirements:
Is there a need for different or better housing. In other words are you living someplace that is too small, too expensive or in disrepair? Families often need a home because their current housing isn't viable. It may be overcrowded, too expensive, structurally unsound, or located in a dangerous neighborhood.
Ability to pay.
Do you have the ability to pay back a 30 year fixed rate mortgage? Habitat Council Bluffs accepts households whose GROSS income is between 30% and 80% of the area median income based on household size. You must be able to afford a monthly mortgage payment. See the chart below for some guidelines.
Willingness to partner.
Finally, are you willing to partner with Habitat for Humanity of Council Bluffs by completing a series of educational workshops related to the purchase of a home, financial education and budgeting as well as home maintenance classes. In addition, the approved applicant(s) will complete up top 250 houses of Sweat Equity. That being the hands-on involvement of building or renovating the residence that you will be purchasing through the Habitat Council Bluffs Homeownership program. Habitat homeowners work on their own homes as well as homes for others.
Habitat offers its program to families in specific income ranges, adjusted for the number of persons in your family. Income includes wages, SS, disability, SSI, TANF and child support. For our local Habitat, your total yearly gross household income must fall within the posted ranges below.