Home Ownership
Own a home at a price you can afford
Habitat does not give away free houses. We provide affordable housing solutions for low-income families and partner with them to build their own homes. Their monthly mortgage payments help fund the construction of homes for future partner families.We partner with qualifying families, who purchase the home with a no interest Habitat loan or a low-interest USDA/Rural Development loan. There are three basic requirements to becoming a Habitat Homeowner:
Need
- Substandard housing
- Overcrowding
- Unsafe structure
- High rent/Income ratio
- Accessibility issues
- Unable to secure a conventional loan
Ability to Pay
- Stable family income
- Income level between 25% and 80% of HUD Median Income for Rockbridge County
- Monthly income covers expenses
- Manageable debt
- Good credit
- Ability to pay mortgage
Partnership
- Willingness to partner with Habitat
- Willingness to make long-term commitment
- Willingness to contribute at least 350 hours of sweat equity to build own home
- Willingness to attend homeowner education classes, including budget counseling
If you think you meet these requirements, take the next step by downloading and filling out an application. Or stop by our office at 30 East Preston St. in Lexington to fill out an application. If you have any questions, please call the Habitat office at 463-3770 or email us at office@rockbridgehabitat.org.
