Eligibility for Habitat Homes
In order to be eligible for habitat housing you must demonstrate the following:
Substantial need for housing – your home must be:
- Substandard–problems with heat, water, electricity, structure
- Insufficient space–lacking enough bedrooms for the number of people in the household
- Dangerous–located in unsafe or unsanitary living conditions
- Inadequate–not suited for a family member who has a limitation
- Subsidized for an extended period of time
Ability to Pay:
- Your income source(s) are consistent and show an ability to pay an affordable mortgage, utilities and home maintenance costs.
- Your credit report and current debts are satisfactory.
- Note: Gross annual income is defined as the total amount of income earned annually. Gross annual income represents the amount of money a person earns in one year from all sources before taxes.
Willingness to partner with HFHMCC:
- Completing the application on time with all the requested information
- Agree to complete sweat equity hours. Habitat uses the term “sweat equity” to refer to the hours of labor our homeowners dedicate to building their homes and the homes of their neighbors, as well as the time they spend investing in their own self-improvement.
- Show that the homebuyer is ready for the responsibilities of owning and maintaining a home and yard.
Requirements to Purchase a Habitat Home To be eligible to become a Lexington Habitat for Humanity Homebuyer, you must meet the following requirements:
- U.S. Residency – You must provide proof of U.S. citizenship or legal residency through a birth certificate, passport, permanent resident card, I-94 card, or other documentation provided by the U.S. government.
- Local Residency/Work History – You must have lived or worked in Madison or Clark County, KY for one continuous year prior to application.
- Credit – Your credit report and current debt must be satisfactory—we will obtain your credit report and review it with you to see if you are eligible to proceed. Bankruptcy filings must have been discharged a minimum of two years before the time of your application.
- Have a total household income which does not exceed 60% of the median income for similar size families in Madison or Clark County, respectively.
- Level of Need -Your current housing is substandard, insufficient for your family size, dangerous, or inadequate.
- Involvement – You must be willing to partner with Habitat by providing information on time, and by showing you are ready to maintain a home and yard.
- You must also agree to work required sweat equity hours by coming to homeownership classes and helping to build your home.
For more information, please visit our FAQs about home ownership eligibility
NOTICE: The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning this creditor is the Federal Trade Commission, Washington, D.C. 20580.