HOME OWNERSHIP

What is Habitat for Humanity?
Habitat for Humanity of the Greater Wenatchee Area is a member of Habitat for Humanity International in Americus, Georgia. Habitat is a Christian motivated
program working to provide housing for people who are in need of decent,
affordable housing. Habitat for Humanity is based on the idea that people need
a hand-up, not a hand-out to upgrade their housing. Habitat works with people
who have the desire to help themselves and others experience the dream of owning a home. Families who qualify purchase a home from Habitat with an affordable interest, no-profit loan.

Family Selection Process
The road to homeownership begins with our Family Selection process. Habitat for Humanity of the Greater Wenatchee Area accepts applications during designated time periods only.  This is generally once a year but can be more often depending a variety of factors.  For additional information, see the Forms tab of Homeownership.  Accepting applications during a designated time period enables our Family Selection Committee to process applications with the most current financial information.

How Can I Qualify?
Applicants are selected to purchase Habitat homes based on three general areas of qualification.
1) Need
2) Ability to Pay
3) Willingness to Partner

These areas of qualification are described in detail in our Family Selection Criteria document which can be accessed in the Forms tab of Home Ownership.

CONTRACT MANAGEMENT
The mortgages on Habitat homes are at an affordable interest  rate for low-income families.  The families pay back only the actual costs of the land and building expenses.  Habitat for Humanity utilizes volunteer labor to build their homes so that the cost of the home is kept affordable.  The average  mortgage on a Habitat home is $120,000 with a monthly payment of  approximately $550 which includes a reserve account for payment of homeowner insurance and property taxes. Loans are normally calculated  over a 25-30 year period. Payments received from Habitat homeowners  are used to build more houses for qualifying families.

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