- Do you currently live in inadequate housing?
- Are you living with family or friends because you do not have a home of your own?
- Are you willing to help build your home and help build houses for others?
- Do you have income sufficient to pay a no-profit, no-interest mortgage?
If you answered "yes," a Habitat for Humanity home may be right for you! Habitat for Humanity offers an opportunity for families who would not typically qualify for a conventional mortgage to become homeowners.
Mortgages for Habitat Homes
- No profit is made and no interest is added to the mortgage.
- Payments are low and affordable.
- You need to save money for a small down payment and / or closing costs.
- You will be required to help build your house and help build houses for others.
- Contact the Central Valley Habitat for Humanity office at 540-828-6288.
- We will provide you with the details necessary to begin the application process.
- The Family Selection Committee reviews the submitted information and makes recommendations to the Board of Directors.
- The committee looks at several factors in evaluating your qualifications:
- The housing in which you currently live
- Your credit record
- Your income qualifications and your ability to make regular mortgage payments
- Your willingness to partner with Habitat
- Your residency status.
- Once a family becomes a Habitat partner family, they help Habitat construct a simple, sustainable, energy efficient home. The house is built with the help of volunteer labor under trained supervision. Your house will be financed by Central Valley Habitat with a no-profit, no-interest loan.
"Sweat Equity" is required to become a Habitat homeowner. This means working side by side with volunteers on your house and other prospective Habitat homeowner houses.
- You must work 400 hours if your family has two adults, or 200 hours for a single-adult family.
- Family and friends may contribute up to 30% of your required sweat equity hours.
- Hours can be earned in a variety of ways: Habitat office work, special events, homeowner education classes, and helping with construction of your house and other Habitat homes.
- A family sponsor will help explain these opportunities to you.