Home Qualifications

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Habitat is focused on providing the life changing opportunity of home ownership to hardworking families who simply cannot qualify through traditional methods. Our homeowners can make the payments of $500-$600 per month for a home, but cannot afford the 20% down payment required by most lenders. They also cannot afford the interest on a 20 or 30 year mortgage. 

Habitat strives to serve low-income families who cannot become homeowners through conventional means. Homebuyers will be between 30-60% annual MFI.

Habitat Partner Families are evaluated on three basic criteria

  • Housing Need
  • Ability to Pay
  • Willingness to Partner

1. Housing Need

A housing need is determined when one or more of the following are met:

  • Unsafe living environment
  • Severely overcrowded space
  • Temporary housing
  • Housing cost is too high for income
  • Inability to qualify for homeownership through other options

2. Ability to Pay

  • Affordable monthly mortgage payment (includes principal, taxes, and insurance)
  • Have steady income
  • Ability to make a down payment
  • Have no currently or pending defaults, unpaid judgments or liens
  • Have been out of bankruptcy for a lest two years

3. Willingness to Partner with Habitat

When we accept a partner into the Habitat Family, we hope they are as excited about the endeavor as we are. To show their willingness to walk this process with us, we ask our families to:

  • Perform Sweat Equity or “hands-on” labor in the ReStore and on build sites
  • Participate in free Educational Programs, such as household budgeting and maintenance education
  • Accept the design of our homes and live in the neighborhoods which have donated land; we try to match a partner family with the plot that best serves their preferences
  • Be a positive representative of Habitat at all times, you are now one of the smiling faces of our organization, wear it proudly!
  • Contribute to public awareness about Habitat for Humanity and be willing to share your story with the media

There is no time like the present to get started!

Complete the Home Interest Form

For more information call 217-359-0507 ext 1066

or write to:
Habitat for Humanity
Housing Interest Form Request
119 E. University Ave
Champaign, IL 61820