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HOME BUYER PROGRAM
For more information about the program, click the links below:
HOME OWNERSHIP OVERVIEW
FAMILY PARTNER SELECTION CRITERIA
- Current housing is inadequate or too expensive
- Unable to obtain a conventional mortgage
- Steady income within the guidelines below
- No unpaid liens or judgments
- Complete sweat equity
- Participate in homeowner education classes
- Contribute down payment
- Live where Habitat is working
Habitat for Humanity of Key West and Lower Florida Keys partners with families in need to build affordable energy efficient homes, which are built using professional contractors and volunteer labor.
Each homeowner family is required to invest a minimum of 350 hours of “sweat equity” to become eligible to purchase their home with an affordable mortgage.
HOW TO QUALIFY FOR HOMEOWNERSHIP
There are 3 main requirements:
Must be a first-time home buyer (have not owned a home in the past three years)
Living in overcrowded, substandard, temporary, or public housing OR paying more than 30% of household income for current housing (cost burdened)
Unable to secure adequate housing through the private market
ABILITY TO PAY:
Have stable employment or other source of income
Have acceptable credit history
Earn an annual income that ensures no more that 30% of earnings will be utilized to pay for housing costs, including taxes and insurance (not cost burdened)
(In order to qualify there is also a maximum income based on Monroe County Affordable Workforce Housing Guidelines, and 70% of household income must be earned in Monroe County)
WILLINGNESS TO PARTNER:
Applicants must be US Citizen or Permanent Resident
Applicant families must invest 350 hours of “sweat equity” volunteer labor
Applicant must attend educational home ownership classes
Applicants must reside in Monroe County for 12 months prior to applying
WE LOVE HELPING FAMILIES HELP THEMSELVES
We have had the pleasure of working side-by-side with many families in the Lower Keys over the years. Our Partner Families are amazing people dedicated to working hard, helping themselves and others achieve the dream of purchasing and owning their own home. Each home has a story; each home has touched the lives of many people. We are excited about the future of Habitat for Humanity of Key West and Lower Florida Keys, and look forward to all of the new stories waiting to be written. With the recent completion of Bayside Landing, 45 working families have a home of their own in the lower Keys!
Equal Housing Opportunity Partner
We are pledged to the letter of 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.