Applicant Information Session: Monday, October 29th 7:00pm at the Town of Orange Community Room

APPLY to OWN a HOME

Keys

Not all Habitat homes look alike.  Sometimes the land or the needs of the homebuyer family an mean changes to the design of a house.  Habitat uses both skilled, licensed professionals, and also volunteers under the guidance of a qualified person.  Habitat homes are well built, of good quality, and meet all Building Code requirements.

Homes are typically 3 bedrooms and 2 baths, with an average of 1100-1200 square feet of living space.  These details depend on family size and need.  Homes built by Habitat appreciate in value and the average appraisal is around $120,000.

OCHFH accepts applications during stated enrollment periods.  Applications may be obtained by attending an official Application meeting.  These are held as needed, usually twice a year.

Three (3) Qualification Criteria

Families will be considered for a Habitat for Humanity house if their present housing is not adequate (i.e. proven cost-burden, unsafe or unhealthy, too crowded, etc.), and if they are unable to obtain adequate housing through conventional means.

Lack of adequate housing may include problems with the present structure, such as inadequate water, electrical or sewage service systems, heating system, or failure to meet city property maintenance standards. The number, ages and gender of the children compared to the number of bedrooms in your present home are taken into consideration.

We also consider the percentage of the family’s monthly income that is currently spent on housing. Families are required to be open and transparent, and must completely disclose their financial situation with the Family Services Manager.

Applicants must currently live in Orange County, Virginia and have done so for a minimum of one year. Applications from outside of Orange County  are accepted at the discretion of the Board of Directors. Your application will be considered if your family’s total income is no less than 40% of the Orange County area median income (as determined by HUD). The maximum may not exceed 70% of the median income.

Since families actually buy their home from

Orange County Habitat for Humanity, they must demonstrate their ability to pay the monthly mortgage payment. This payment includes the actual house payment (principal), plus real estate taxes and homeowners insurance (placed in escrow).

First, ask yourself these questions:

  1. Do I have enough income based on Habitat’s guidelines to pay the modest house payment for the 20 to 30 year payment period?
  2. Are my expenses, in addition to a potential house payment, manageable within my income?
  3. Is my credit in reasonable shape?

All applicants must have an acceptable credit history and minimal outstanding debt. Bankruptcy, foreclosure, judgments and collections, unpaid medical bills, and outstanding student loans are considered when analyzing your credit.

PercentageOneTwoThreeFourFive
30%$16,000$18,250$20,780$25,100$29,420
40%$21,280$24,320$27,360$30,400$32,840
50%$26,600$30,400$34,200$38,000$41,050
60%$31,920$36,480$41,040$45,600$49,260
80%$42,600$48,650$54,750$60,800$65,700

If selected, your family will work toward becoming a partner family with Orange County Virginia Habitat for Humanity (OCHFH). To become a partner family, you must complete 150 hours of “sweat equity” per able adult,  working on your house and the houses of others. These hours must be completed before you can become a homeowner.

Sweat equity might include clearing the lot, painting, helping with construction, or working at the OCHFH office. As a partner family, you must complete half of the hours yourself. Members of the community, friends, and family may assist you in completing the remaining half. As a sign of good faith and in keeping with Habitat for Humanity’s mission of bringing all of God’s people together in partnership to build decent housing, at least 35 to 50 hours are to be spent working on the house of another family.

The prospective homeowner (PHO) will sign a letter of intent and relationship agreement with OCHFH.

The PHO will attend no less than eight (8) homeowner classes (up to 12 classes), some with multiple sessions, from the time of acceptance until the closing of the home.

 

Fill out the form below to be notified of upcoming Application meetings.

 

Or call us at 540-672-5041
(leave a message and we will return your call)

 

Tell Me More About Becoming a Home Owner
First
Last