What if I need assistance filling out the homeowner application?
You may contact Terry Paquette (Executive Director) at email@example.com or 794-1700 to ask any questions you may have about filling out your homeowner application.
Will Habitat give me a house?
No they won’t. But, if you meet the criteria and are accepted into the program, we will invite you to become a Habitat Powhatan family partner and to purchase one of our homes. Our homes are sold at a price well below market value with a $500 down payment.
What will the interest rate be on my loan?
Your home loan will have a 0% interest rate.
What are the criteria for acceptance into the program?
- Have a clear need for improved housing
- Have lived or worked in Powhatan for the past year
- Have a gross, annual income between $18,000 and $44,000 (more for a family of four, less for a smaller family)
- Have an acceptable (but not perfect) credit history
- Partner with Habitat Powhatan by committing to 200 hours of volunteer work or “sweat equity”
What is the first step toward purchasing a new home?
Complete a homeowner application form and mail it to Habitat for Humanity – Powhatan, P.O. Box 416, Powhatan, VA 23139. You may download a homeowner application or request one by contacting Terry Paquette (Executive Director) at firstname.lastname@example.org or 794-1700.
How long is the process?
Construction of a home generally begins within 6 months from the time of approval. Home construction is usually completed within an additional 6 months.
What is the cost of a Habitat home?
The sales price of a Habitat homes is typically in the range of $120,000 – $130,000. The mortgage duration is set to ensure that the monthly payment (principal, insurance and taxes) does not exceed 30% of the applicant’s gross monthly income. Monthly payments are approximately $600.
What kinds of homes does HFHP build?
HFHP builds three to four-bedroom single family, single story homes with approximately 1200 square feet of living space. The homes are built to conform to Earth Craft standards which emphasize efficiency in both energy and resource utilization.