HOMEOWNERSHIP

Thank you for your interest in becoming a Habitat homeowner!

 

We believe that everyone should have a safe, affordable place to call home.  To carry out our vision, we partner with individuals and families from application through construction to when the keys are handed over. By working with us from beginning to end, we can help prospective individuals prepare for the various responsibilities of homeownership, including learning about personal finances, mortgages, maintenance and upkeep of homes, and much more.

 

Habitat’s path to homeownership is an important and in-depth process, requiring hard work, time and dedication. But this helps to ensure the long-term success of Habitat homeowners.

To ensure efficiency for our prospective homeowners, we now have 2 application phases each year.

 

Our Application Phase is Currently CLOSED.

 

Please note, while we would love to help as many people as possible, only a limited number of applicants will be accepted into our program.

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how families are chosen

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NEED

You do not already own a home

You are currently living in substandard housing which would include any of the following conditions:

  • Home is in poor physical condition

  • Home is overcrowded

  • Rent is subsidized

  • Rent is more than 30% of income

  • Your household gross income falls within our income limits

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Ability to Pay

  • You have proof of at least 2 years of steady, verifiable income

  • You do not have any judgments or liens against you

  • You do not have excessive debt or any collections

  • You pay your rent on time

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Willingness to Partner

  • Contribute 250-300 hours of “sweat equity”

  • Attend Habitat homeowner training workshops

  • Pay $4,000 toward closing costs

Basic Requirements

  • You must have lived or worked in South Sarasota County affiliate boundary for the past 12 months, i.e., Osprey, Laurel, Nokomis, Venice, North Port or the Sarasota County side of Englewood.

  • You must be a US Citizen or Permanent Resident Alien.        

  • If married, you must apply with your spouse.

  • You must have 2 years of verifiable income and the ability to repay the mortgage.

  • You must wait 3 years after foreclosure or bankruptcy has been finalized.

  • Your household gross income must fall within our income limits. Contact our office for more information.

  • You cannot have more than a 40% total debt ratio which includes your new mortgage payment.

Family Size        Minimum             Maximum

1                              $36,300                  $48,350

2                             $41,460                   $55,250

3                             $46,620                  $62,150

4                             $51,780                   $69,050

5                             $55,980                  $74,600

6                             $60,120                   $80,100

7                             $64,260                  $85,650

8                             $68,400                 $91,150

Click Here to View and Download The Sarasota Resource Guide
This resource guide is a general overview of some of the services available to those in need of immediate assistance in Sarasota County.

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