Verde Valley Habitat for Humanity is now seeking qualified home-buyers for Habitat homes. Interested applicants are asked to submit our online form below so that we can contact you to discuss qualifications and reserve your spot in an upcoming information session.
The applicant’s current living situation and whether they have the means to qualify for a home with a traditional mortgage lender will be considered. Does a majority of the applicant’s income go toward housing? Is the applicant’s housing substandard or temporary? Applicants who qualify based on their ability to pay will also receive a home-visit to further evaluate their living conditions.
During the application and selection process each applicant’s income will be considered. The applicants need to have a steady source of verifiable income and be able to pay a monthly mortgage payment which consists of mortgage amount, taxes and insurance. The applicant family must have and maintain good credit with no bankruptcy pending or discharged within the last 24 months.
Each applicant is required to complete a minimum of 300 ‘sweat equity’ hours. The hours can be completed by volunteering at the construction site of their future home or one of their neighbors’ homes, by working at the Restore, by working in the Habitat office or by serving at another community endeavor. Homeowner education classes and workshops are a mandatory part of the sweat equity requirement. The classes are designed to help families prepare for home ownership and manage their finances.
Prospective homeowners must meet the following requirements:
In addition, each partner family will be required to: