What is the first step toward purchasing a Habitat home?

First, review our program requirements. If you think the Habitat program may be a good fit for you, sign up here to be notified when our next application period opens. We will announce our next application period here and through our mailing list.

We have also created a guide to local homeownership resources.

Are there income requirements?

Gross household income must be between 50-80% of the Area Median Income. Area Median Income guidelines are set by HUD and based on household size (the number of people you plan to have living with you). The monthly household income must be enough to support an estimated monthly mortgage payment. You will be required to provide proof of steady income. Guidelines are subject to change.

How are applicants selected?

Once you return a completed application and supporting documentation, Habitat conducts an internal review for completeness. Applicants that pass the program review stage are then asked to acquire a pre-qualification letter from a responsabile lender for an affordable mortgage. Pre-qualified applicants are matched to an address they have applied to using a random ordering system.

Your acceptance into the Habitat program means that you have met Habitat’s criteria for selection and have been pre-qualified for a home loan. We will now work with you to obtain an affordable mortgage. As you go through this process, you will also work toward fulfilling your Habitat partnership commitments.

We are pledged to the letter and spirit of the U.S. policy for the achievement of equal housing opportunity throughout the nation.  We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.

Will credit checks or background checks be conducted?

Yes, Habitat conducts credit and background checks on qualified applicants. A criminal history does not automatically disqualify an applicant; any issues that come up in a background check will be handled on an individual basis.  Habitat will verify employment, obtain housing and banking references, and a check credit to make an assessment as to whether Habitat is an appropriate program for the applicant(s). Habitat does not have a minimum credit score requirement, but credit history and debt will be assessed. We do not charge a fee for credit checks.

How long will it take to purchase my Habitat home?

Homebuyers are in the program until their house has been built or renovated; generally, this takes 8-12 months. The construction process is complex with many variables depending on funding sources, the construction schedule and building requirements. This complexity makes it difficult to predict the length of time from acceptance into the program to the date of purchase. We will keep you updated throughout the construction process.

What are partnership hours?

Partnership is a core tenet of Habitat’s philosophy. The term refers to the actual hands-on involvement of future homeowners in the construction of their homes and in other Habitat & community activities. Our partnership policy is designed to meet three important goals:  1) Partnership through providing meaningful interaction between future homeowners, Habitat staff, volunteers, and community members; 2) pride in homeownership; and 3) development of skills and knowledge.

All Habitat homebuyers must complete 100 partnership hours prior to closing on their house. These hours may be completed by family members planning to live in the Habitat house as well as by friends and relatives.

We will work with homebuyers to accommodate disability or impairment while completing hours.

What kind of houses does Habitat build?

Habitat does not build custom homes. You will have the opportunity to purchase a home that is appropriate for the size and composition of your household. To keep the homes affordable, Habitat cannot accept custom design requests. Habitat homebuyers often have the opportunity to select home finishings such as flooring and cabinets, but this is not always the case.

Habitat is committed not just to building homes, but to building community. We prioritize our construction efforts within focus neighborhoods to maximize our impact. You will have the option to select your home based on our current projects and focus locations.

How much will the house cost?

Habitat is committed to keeping housing payments affordable for our qualified homebuyers. Your monthly housing payment, which includes your mortgage payment, homeowners’ insurance and property taxes, will not be more than 33% of your gross monthly household income. The sales price will take into account the fair market value of the home, number of bedrooms, location and additional amenities provided. Habitat homebuyers have exclusive access to the Habitat/SONYMA mortgage, a 30-year, 2% fixed interest rate loan.

Additionally, we help Habitat homebuyers access funds to lower their out-of-pocket costs for their down payments and closing costs. Such funding may include SONYMA’s DPAL program, Home Acquisition Program in Albany, Homebuyer Assistance Program in Troy, the Touhey Homeownership Foundation’s Reparative Housing Justice Fund, and more.

Can Habitat homeowners sell their homes?

Yes! While all Habitat homes are required through deed restrictions to be owner-occupied, homeowners can sell their home at any point. However, each house and homeowner will have a different mix of grants and subsidies used to help them build and purchase their home. These funding source may have resell requirements. As part of our post-purchase support, we help homeowners navigate the different layers of restrictions on their property.