About Our Program

An applicant needs to:

• Demonstrate a housing need (i.e. inadequate housing, unsafe housing or neighborhood, housing that is temporary or transitional, etc.)

• Be willing to partner with Habitat through sweat equity hours and classes (see below for more)

• Be able to pay a mortgage and meet the following requirements:

  • You must meet current income limits

  • You must have a Debt to Income Ratio of 43% or less (Monthly Debt Payments on Credit Report + Potential Habitat Mortgage / Monthly Income=Less than .43)

  • You must have limited number of adverse credit accounts on credit report

  • You must be able to save $1,000 for closing costs

To apply for a Habitat Home, one must: 

• Be a legal permanent resident or citizen of the United States

• Complete an orientation online

• Complete application and all required paperwork by deadline

• Be interviewed by a selection committee

Habitat Homes are affordable because: 

• They are built by volunteers working with future homeowners.

• They are sold at cost and for no profit.

• House payments are 25-30% of the homeowners monthly income at origination

• Habitat offers low-no interest mortgage loans

Habitat Homeowners are required to: 

• Contribute 250-500 hours of “sweat equity”

• Attend budgeting, home maintenance and other classes

For more information about our homeownership program,
contact info@stvrainhabitat.org or 303-682-2485 x.110 

Require ADA Accommodations?
Email adaaccommodations@stvrainhabitat.org