Thank you for expressing interest in partnering with Habitat for Humanity of Matthews in our Home Ownership program. To select a homeowner, we first consider these 3 things:
1. Need for Housing: You may qualify for a Habitat home if your present housing is not adequate based on:
2. Ability to Pay: You will be buying your home from Habitat for Humanity. Applicants must show ability to pay the monthly mortgage payment. The monthly payments include: a no-interest mortgage principle, property taxes and homeowners insurance. Requirements:
Pay closing cost of $1200
Regular/consistent income for at least 2 years
Positive rental history of at least 2 years
Debt-to-income ration of less than 10%
3. Willing to Partner: Once selected by Habitat for Humanity of Matthews, you become a Habitat Partner Family. Partner families complete a minimum of 400 hours of volunteer work with Habitat called “Sweat Equity,” which must be completed before moving into your home.
What is Sweat Equity?
Your help in constructing your home and the homes of other partner families is called “sweat equity.” This is required in lieu of a down payment.
Partner families also attend education classes to complete their sweat equity. Classes are held on Saturdays and last for 1-2 hours. The classes are designed to prepare you for building, owning and maintaining your new home. We want you to succeed as homeowners!
Please click HFHM Pre-Application 2012 to print an application. Mail your completed application to:
Habitat for Humanity of Matthews
Client Services Coordinator
PO Box 2008
Matthews, NC 28106
For more information, please call: 704-847-4266, x-226.