Habitat taking applications for potential homeowners

January 12, 2013

Habitat for Humanity of Hood County will be taking applications for potential homeowners next month. To qualify, applicants must have lived in Hood County for at least one year.

Applications will be accepted at the Granbury housing Authority, 503 N. Crockett St. on Saturday, Feb. 2 at 10 a.m., Sunday, Feb. 3 at 2 p.m. and again Sunday, Feb. 10, 2013 at 2 p.m.

Family Selection Criteria

The following guidelines are used to select families for the Habitat Housing Program.

Housing Need

Partner families must be living in inadequate, temporary, substandard or overcrowded conditions and unable to obtain a loan for adequate housing through conventional financing.

Ability to Pay

Partner Families must be willing and able to make regular monthly mortgage payments on the home, and make a $700 down payment. Mortgage payments normally run about $350 to $400 per month (depending on the size of the house) for a period of 20 years.

Family size (Gross annual income guidelines)

One person, $11,500 – 23,000

Two, $13,125 – 26,250

Three, $14,775 – 29,550

Four, $16,400 – 32,800

Five, $17,725 – 35,450

Six, $19,025 – 38,050

Seven, $20,350 – 40,700

Eight, $21,650 – 43,300

Willingness to Partner

Habitat Volunteers and Partner Families work together to build a better future. Habitat families must be willing to partner with Habitat in a process to learn how to become a responsible homeowner. Families must put in 300 hours of sweat equity working to help build their home or other Habitat houses.

Families will also receive hours by attending required meetings and workshops. Up to 150 hours may be earned by your family, friends and church family, as they help with the construction of Habitat homes. Home ownership requires willingness to learn how to maintain and make repairs of your home and property. Taking pride in the upkeep of your home and property, as well as being a good neighbor is expected.

APPLICATION PROCESS

At the application session, you will be given assistance in filling out the application and information about Habitat for Humanity.

Applicants and co-applicants (husband & wife) must be present at the session when applying for a Habitat House. The Application for the Habitat Housing Program will become a part of your loan application which is a legal document. Therefore, all responsible parties must be present to review and sign the authorization and release

Those applying must bring copies of the following to the Application Session: Drivers License or Texas ID card with current address; Social Security cards; permanent residence cards, INS Certification of Citizenship, (when applicable) for all in the household; tax returns or tax transcript for past three years (1-800-829-1040) or www.irs.gov.

Applicants should also bring three months worth of pay check stubs; pension/disability/AFDC/TANF checks; child support receipts/payment stubs; monthly bank statements, electric bills; gas and water bills; telephone/cell bills; cable/internet bills; rent receipts plus landlords name and address; insurance bills (car and other); car payments; day care/child care payments; food stamp records; all credit card billing statements; any liabilities (plus account numbers and balances); list of any other monies owed, including school loans and medical bills.

If divorced, bring copy of divorce decree.

Forms must be completed at the scheduled sessions. You cannot take the application home.

Call the Habitat phone line at 817-573-2812 for additional information or any questions you have about applying for a Habitat Home. You will need to leave a message at this number, and a Habitat volunteer will call you back to answer your questions.

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Category: Life Archived