Home Buyer Program Qualifications
Habitat for Humanity of South Hampton Roads chooses individuals or families per the recommendation of the Family Selection Committee, whose decision is based upon the following four criteria:
The applicant must have lived within the South Hampton Roads service area for at least one year prior to applying. The service area is comprised of Chesapeake, Isle of Wight, Norfolk, Portsmouth, Smithfield, Suffolk, and Virginia Beach.
2. Need for Adequate Shelter
Applicants must currently be living in inadequate housing. Examples of inadequate housing include unsafe structure, poor sanitation (excluding self-imposed unsanitary conditions), overcrowding, inaccessibility, and unaffordability (defined as housing payments exceeding 30% of gross income). This may also include living in an unsafe neighborhood.
3. Ability to Pay for a Habitat Home
The applicant must earn a steady household income sufficient to cover the mortgage, insurance, taxes, and living expenses, as well as have a satisfactory credit report. All judgments must be paid in full within two (2) years of the discharge date on bankruptcy and within five (5) years of foreclosure or deed in lieu of foreclosure.
Applicants must disclose the income of all household members on the application. Gross yearly household income must fall between the following:
4. Willingness to Partner with Habitat SHR
Applicants must participate fully during the application process and exhibit a willingness to partner in a safe, well-maintained Habitat community. Terms of this partnership include but are not limited to the following:
Committing oneself and one’s family to 200 hours of requisite “sweat equity”
Submitting to Habitat SHR’s policy of conducting criminal background checks and inquiries through the Sex Offender Registry on all adult members—18 years of age or older—of the applicant’s household
Planning and saving for the closing costs, plus the deposit money for utilities
Informing the administrative office when financial or family matters change
Being patient and displaying a good attitude toward everyone involved in this process
Being honest and fair with all parties involved in this process