Home Ownership : Overview

THE WINDOW TO ACCEPT APPLICATIONS IS CLOSED RIGHT NOW. However, please see the information below and attached to learn more about our program - the cover sheet, application form, and supplemental paperwork are available as links on the right.  WE WILL TAKE APPLICATIONS AGAIN NEXT JANUARY BUT PLEASE CONTACT US IF YOU HAVE QUESTIONS SO YOU CAN BE PREPARED TO APPLY IN 2014!

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

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.  We build simple, safe, decent, and affordable homes in Putnam County, TN.

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

NEED FOR HOUSING: Are you living in substandard poor conditions, 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          

       2                           $24,200

       3                           $27,200

       4                           $30,200                                        

Other Family Size Income Limits are detailed in the cover letter.

WILLINGNESS TO PARTNER: If approved for our program you will be required to complete more than 400 hours of "sweat equity." These are 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: You must have decent, reasonable credit history. If a bankruptcy is in your credit history, it must have been discharged at least three years ago. You must have lived or worked in Putnam County for twelve months and you must be a legal U.S.citizen or permanent resident.