The Application period for those impacted by the December 2021 tornado is ongoing. Please read application requirements listed below.
In order to apply to become a Habitat for Humanity Pennyrile Region homeowner you must meet the following requirements:
HAVE A SUBSTANTIAL NEED FOR HOUSING
Your current living situation 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.
You cannot currently own a home.
HAVE THE ABILITY TO PAY
Your income source(s) must be consistent and show an ability to pay an affordable mortgage, utilities, and home maintenance costs.
Your credit report and current debts must be satisfactory.
Your debt to income ratio must be below 41% (including estimates for deferred student loan repayment).
You must be 18 months removed from any bankruptcy discharge/dismissal and have good credit standing since.
BE WILLING TO PARTNER WITH HABITAT
Be willing to complete the application on time with all the requested information (including, but not limited to, income history and ongoing paystub and bank statement submittal).
Agree to complete sweat equity hours, attend homeownership workshops, agree to a home visit by Habitat staff/volunteers, and have open communication with Habitat about changes in your income/housing situation.
Exhibit readiness for the responsibilities of owning and maintaining a home and yard.
Be willing to accept the location and design of Habitat homes.
Understand that any new home construction process comes with unavoidable changes in plans and schedules.
Future Habitat homebuyers participate in a lengthy process that includes educational workshops and time volunteering to help build their home and the homes of other Habitat families.
