Frequently Asked Questions for Applying for Habitat Home
How are families selected to receive Habitat houses?
- HFHBC's family selection committee chooses homeowners based on their level of need, their willingness to become partners in the program, and their ability to repay the no interest loan.
- HFHBC is an Equal Opportunity Lender.
Are Habitat for Humanity houses free?
No. Habitat homeowners purchase their homes from Space Coast Habitat for Humanity through a zero-percent interest mortgage.
How much is the monthly mortgage payment?
The monthly mortgage payment varies depending on the value of each individual home and the homebuyer's income. Currently the average monthly mortgage payment for new homebuyer's is between $600 and $800.
How long will it take before I move into my house?
From acceptance into the program until you move into your new home can take 24-36 months.
Do I have to be employed?
You must have a verifiable steady income and meet the household income minimums.
Qualifying income includes, but is not limited to child support, alimony, SSA, SSI, retirement and income from your employment.
30-80% of Area Median income (AMI)
Can a single person apply?
Married, or single people can apply and you don't have to have children to qualify.
Where do you build?
What size house can I get?
Your home size will be based on the current needs of your family in accordance with HFHBC'S house size policy.
Can I apply if I own a business?
Yes. Your complete income tax records for the previous two years will be evaluated closely to ensure you meet the income minimum and do not exceed the maximum income for your family size.
Do Habitat homeowners own the land as well as the home?
Yes. Habitat holds no ownership to the property once the closing process is complete.
Has Habitat ever foreclosed on a house?
Yes, unfortunately, we have. You will purchase your home from us, and we expect you to make timely monthly mortgage payments.Your payments are important because they help fund homes for future families.