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homeownership

HOMEOWNERSHIP THROUGH HABITAT

Becoming a homeowner is a big step that can provide financial stability and a safe, healthy home for you and your family to live and grow. If purchasing a home the “traditional way” seems out of reach, see if Habitat Tuscaloosa’s Path to Homeownership program is right for you. Our new homes offer a low down payment and an affordable monthly payment.

Homeownership

affordable homeownership BUILDS STRONG FAMILIES, RESILIENT COMMUNITIES

Habitat believes in the value of not only affordable housing, but of affordable homeownership in building strong, resilient communities. Communities with higher homeownership rates have lower crime rates, more community involvement, and higher property values.

 

Purchasing a home through Habitat gives individuals and families the opportunity to build wealth while providing their families a stable, healthy place to grow and succeed.

Smiling family holding up key
PATH TO HOMEOWNERSHIP

THE PATH TO HOMEOWNERSHIP  OVERVIEW

Habitat Tuscaloosa does not rent or give away homes! Habitat Tuscaloosa builds attractive, affordable, energy-efficient homes in partnership with homebuyers, volunteers and donors. Our in-house financing offers our participants a 30-year, 0% interest mortgage with the ability to finance most of the closing costs.

 

Habitat homebuyers:

  • Complete homebuyer and financial education classes

  • Make a $1,000 down payment

  • Volunteer with us for at least 250 hours (opportunities for all ability levels)

  • Choose from one of our available lots and house plans

  • Purchase the home for the appraised value, plus closing costs

  • Agree to maintain the home as their residence

  • Demonstrate they can afford an estimated mortgage payment between $550-$650/month (payment includes property tax and homeowner’s insurance)

 

HOW TO QUALIFY

PROGRAM ELIGIBILITY REQUIREMENTS

When evaluating applications Habitat Tuscaloosa looks at several criteria. Successful applicants have:

 

  • Lived or worked in Tuscaloosa County for at least 6 months

  • A total household income that is between 30% -80% of Area Median Income

  • Demonstrate a need for housing

  • Are willing to complete 250-350 volunteer hours in a timely manner

  • Have a stable, reliable income

  • Have an acceptable level of non-housing debt and payment history

  • Been discharged from any prior bankruptcy for at least three (3) years

 

Click here to learn more income and credit requirements

 

woman and child on build site
APPLICATION PROCESS
mother and son on front steps

THE APPLICATION PROCESS

Interested in applying for Habitat's

Path to Homeownership program?

 

Attend one of our summer orientation sessions,

HOMEOWNERSHIP THROUGH HABITAT 101, to receive an application.

 

Registration for virtual or in-person sessions

opens on May 8, 2023.

 

2023 VIRTUAL SESSIONS

You will need a smartphone, tablet or computer

with a reliable internet connection.

SESSION FuLL 
JUNE 22 @NOOn

Do Not Select This Date on Form

Do Not Select This Date on Form

2023 IN-PERSON SESSIONS

Space is limited.

Please do not bring children with you

SESSION FULL
June 22 @5 PM 

West Alabama Chamber of Commerce

Do Not Select This Date on Form

New Heights Community Resource Center

West Alabama Chamber of Commerce

SESSION FULL
JULY 22 @10AM

The Gateway Discovery and Technology Center

Do Not Select This Date on Form

Fair housing logo.jpg

We are pledged to the letter and spirit of 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, national origin, age, marital status, sexual orientation, or sources of income.

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