March 20, 2018

Homeownership

Community Resources

Habitat believes that everyone deserves a decent place to call home. For many, however, traditional homeownership is simply out of reach. That is why Habitat has made it our mission to raise the awareness and accessibility of decent, affordable housing.

Following the adage, “give a man a fish, you feed him for a day; teach a man to fish, you feed him for a lifetime”, Habitat empowers partner families by teaching them how to be a successful homeowner and selling them a house through an interest free mortgage at a monthly payment they can afford.

Habitat Homeowners must meet three simple qualifications to be considered for partnership:

  1. Demonstrate a Housing Need. Examples of “housing need” includes current living conditions are unsafe or unstable; insufficient number of bedrooms; “couch surfing”; or the neighborhood is riddled with crime, etc.
  2. Willingness to Partner. Habitat Homeowners commit to completing 250 “sweat equity” hours, per adult, towards the completion of their home. Furthermore, though not required, a lifetime of advocacy for the organization and their mission as well as participation in future events aimed at advancing the mission and soliciting future partner families is encouraged.
  3. Ability to Pay. Habitat homes are a “hand-up” not a “hand-out”. Homes are sold to partner families through interest free mortgages with affordable payments. Additionally, Habitat homeowners pay property taxes and insurance for the home.

 

Homeownership Process (Approximately 1 year)

  1. Review Orientation Packet and complete Initial Application
  2. Return Initial Application along with credit check fee
  3. Family Services Committee reviews the Initial Application and assesses credit history
  4. Based on the review, families are either asked to complete a full application or receive a letter stating the reason their application cannot be processed at that time.
  5. Full application is completed and reviewed
  6. Verification of income and expenses
  7. In-Home visit
  8. Presentation of application packets to the Board of Directors.
  9. Family Selection- Invitation to Partner
  10. Completion of Sweat Equity Hours
  11. Final “ability to pay” verification
  12. Closing and Dedication

Greater Lycoming Habitat for Humanity works in partnership with God and people of all faiths and races to develop and improve communities by building and renovating houses, creating homeownership opportunities, improving neighborhoods and advocating for decent affordable housing for all.

For more information on becoming a Habitat Homeowner, please contact the GLHFH Program Director.