When housing isn’t affordable and secure, families suffer.
According to the 2014 How Housing Matters survey:
- Families that are financially on the edge and distressed make such sacrifices at higher rates than those who are not, and three in four distressed parents have made one of these sacrifices in the past three years in order to cover their rent or mortgage.
- On-the-edge and distressed families not only make more sacrifices. They also worry about housing and financial considerations at much higher rates and report struggling to keep up with bills and concerns about being foreclosed and evicted at much higher rates. Habitat homeowner Joyce Foster’s future is brighter, thanks to an affordable mortgage. She is debt-free, has a stronger sense of community and sees college opportunities for her children.
An affordable mortgage — the kind that Habitat offers to families around the world — puts families on firmer footing. Purposeful plans can replace tough choices. Worries about tomorrow can become dreams of a better future.
Stability and security help families turn the corner and take the first fundamental steps on the path out of poverty.
Prohibited bases: The Equal Credit Opportunity Act provides that credit cannot be denied on a prohibited basis. Prohibited bases include race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract), the fact that all or part of the applicant’s income derives from a public assistance program, or the fact that the applicant has in good faith exercised any right under the Consumer Credit Protection Act.
Frequently Asked Questions (FAQ)
Q: Does Habitat give away houses?
A: Habitat for Humanity does not give away a home for free. Habitat families go through a bank and apply for an affordable mortgage.
Q: I have an emergency and have to move out next month, how fast is the process?
A: To become a Habitat Homeowner takes time and dedication. Some applicants need time to work on credit clean up, some applicants take longer than others to complete sweat equity. In general, the process for Homeownership can take approximately anywhere from 10 months- 2 years it really is a case by case basis.
Q: I don’t have a printer at home, where can I pick up an application?
A: Email our Operations Director and we will be sure to get you an application