Home Ownership

WE WILL ACCEPT APPLICATIONS JANUARY 3 - MARCH 30, 2012.

As a Christian housing ministry, Putnam County HFH believes that all of God's children deserve a simple, safe, decent and affordable home to live and grow into all that He intends.

Applications can be picked up at our office (Tue-Friday 9am- 4pm) or downloaded here Application Please read BOTH pages of this important instruction sheet  Cover Sheet   first.  You should also complete this supplement to the application.  Supplement to Application.

You will need Adobe Reader (FREE) to open the application and other forms.  Available FREE at www.adobe.com

We build simple, safe, decent, and affordable homes in Putnam County, TN. You must have lived or worked in Putnam County for twelvemonths and you must be a legal U.S.citizen or permanent resident.

To qualify for our program, we look at three areas:

NEED FOR HOUSING: Are you living in substandard poor conditions (such as structure problems with the home, or problems with water, electrical systems)? Or are you living in overcrowded conditions, living with family, or perhaps living in cost-burdened conditions (paying more than 30% of your income for housing expenses)?

ABILITY TO PAY FOR THE HOME: Our Partner Families actually buy the home from Habitat with a zero interest mortgage. Applicants must have some sources of reliable, steady income

Family Size               Maximum Income          

       3                           $25.600                     

       4                           $28,400                     

       5                           $30,700                      

Other Family Size Income Limits are detailed in the Application Cover Sheet                                

WILLINGNESS TO PARTNER: If approved for our program you will be required to complete more than 400 hours of "sweat equity". This is volunteer hours helping build your home, other Habitat homes, working in our ReStore and attending education classes. Being in the program is similar to a part-time job and you must be ready to accept that responsibility. Are you willing to accept this work? Before you can move into your home you are required to complete the Sweat Equity Hours and pay an estimated $1,400 in closing costs (average of $75/month payment required) On the average you will have 15-18 months to complete these tasks.

Other requirements include: A decent reasonable credit history and no bankruptcies in the past three years.