Benefits & Expectations of Habitat Partner Families
What you will gain:
- The satisfaction of buying a home of your own.
- An interest-free, no-down payment mortgage, which costs much less than a traditional bank mortgage,.
- Adjustable monthly payments of no more than 30% of your total family income
- Affordable housing that helps you build assets and a stable home life for your children
What you will commit:
- 500 hours of sweat equity building your home or other Habitat homes before moving into your house.
- to help to publicize your house before and after it is built. Publicity is important because it helps bring in new volunteers and money for more Habitat houses so more families can be helped.
To qualify for a Habitat home, you must meet the following criteria:
| Need | Ability To Pay | Willingness To Partner |
|---|---|---|
| Your family will benefit from a simple, decent, affordable home | Your annual family income must fall within the low income range as determined by Habitat for Humanity Camrose, which is $36,500 to $64,500 | You are willing to help build your own home, the homes of other Habitat homeowners, and contribute to other Habitat programs through “Sweat Equity” |
| Current housing must be substandard; either overcrowded, unsafe, in poor repair or high rent relative to your income | You must have a good credit rating and not have an overwhelming amount of debt (any bankruptcy has been discharged for at least 2 years) | You are willing to accept the responsibilities of homeownership, including insurance, taxes, utilites, maintenance, and other common homeowner expenses |
| You are a citizen or permanent resident of Canada and have lived in Camrose or Camrose County for at least 1 year | You are willing to participate in Habitat’s Homeownership Program which offers support and guidance in all aspects of homeownership | |
| You are willing to work towards building solid relationships with volunteers, donors, community members and neighbours as a Habitat homeowner |
Apply today!
Families who are ready for the responsibility and challenges of home ownership, but would not qualify for a traditional mortgage, consider partnering with us! Habitat home owners receive financial education, help build their homes and pay a mortgage.
Application Process
1. You must submit your completed application online or to the Habitat office
2. Family Services will contact you to discuss your application.
- If it appears like you are eligible, we will provide you with the full application package for you to complete.
- Family Services volunteers will explain the application forms to you and assist you with the application process if necessary.
3. The Family Services Committee will interview the families who have been chosen to move forward in the selection process.
- Many factors are evaluated in selecting families including:
- the size of the family and the suitability of our homes
- gross combined household income, income-debt ratios; assets; previous money management issues for all adult family members
- family and employment stability
- current living situation
- determining those most in need
Please note, meeting the program requirements does not guarantee acceptance into the program.
