Must have a need for housing
Ability to pay an affordable mortgage
Willingness to partner and build their own home
- Habitat is committed to serving families that have a need for housing. We partner with families whose housing needs are expressed in a variety of ways:
- You are living in temporary housing or are currently without housing.
- The space is overcrowded (example: there are too many people living in one room)
- There are structural and/or utility problems where you are living (example: roof, walls, heating, and/or cooling not adequate)
- You are living in housing that is not equipped for handicap needs
- If you currently own a home, you are not eligible to buy a Habitat home. However, you do not need to be a first-time homebuyer to qualify for a Habitat home.
- Applicants must be in between 30%-80% AMI (Area Median Income) based on the current HUD (U.S. Department of Housing and Urban Development) income limitations. Families whose monthly income is not within the income qualification range will not qualify.
- We look at family’s gross monthly income, considering everyone over the age of 18 in the household.
- We count income from job wages, self-employment income, military income and all types of Social Security benefits.
- Every applicant must have the ability to pay mortgage closing costs and pay the first year of Homeowner’s Insurance at the time of closing (approx. $500).
- Both of these payments are required prior to move in – please note that non-compliance with these requirements can result in disqualification from the program.
- Habitat for Humanity Las Vegas will conduct a credit check. We are not looking at your credit score, but checking for debts, collections, open judgments and liens, or recent bankruptcies/foreclosures.
- Applicants who have had a bankruptcy or foreclosure can apply after they have been discharged for 2 years.
2023 HUD Income Requirements
|Household Size||30% of AMI||50% of AMI||80% of AMI|
**HUD income limits change on an annual basis. AMI is calculated based on the HUD income limits in effect when homeownership applications are being evaluated.
- Partner Families must complete 300 “Sweat Equity” hours, per applicant, before they move into their home. The 300 hours are broken up, as follows:
- 150 hours – Mandatory construction site hours (completed by applicants only)
- 100 hours – Can be donated by friends or family and/or completed in the Habitat ReStore
- 50 hours – Homeownership and financial literacy classes, including Dave Ramsey’s 9-week Financial Peace University course
- You must complete at least 25 sweat equity hours per month to remain in the program.
- In order to show commitment in your willingness to partner, we expect applicants to:
- Meet all deadlines
- Attend required meeting, classes, and events (arriving on-time)
- Be communicative, honest, and flexible
- Complete the required 300 Sweat Equity hours before moving into your home