HOMEOWNERSHIP

Our Homeownership program provides local families with access, opportunity, and guidance on attaining an affordable home.

HOW ARE FAMILIES SELECTED FOR A HABITAT HOUSE??

Families in need of simple, decent shelter contact Habitat for Humanity of Marion County.

 

Homebuyers are chosen based on need, their willingness to become partners in the program and their ability to repay 0% or low interest loan.

 

All applicants will be considered without regard to race, color, religion, sex, handicap, familial status or national origin.

ARE HABITAT HOUSES FREE??

NO. Habitat builds or renovates homes in partnership with Homebuyers and people from the community who volunteer to construct homes.

 

Homebuyers partner with Habitat and then purchase the home with a 0% or low interest, mortgage. Monthly mortgage principal payments to Habitat for Humanity of Marion County help fund homes for future families.

HOW DO I QUALIFY?

To qualify for an affordable mortgage through Habitat for Humanity

of Marion County, Inc. Please review the following criteria.

  • Applicants must show proof of primary residency and/or primary employment in Marion County for 1 year

  • Applicants must be legal U.S. Residents

  • Applicant must be First Time Homebuyers

NEED FOR

BETTER HOUSING

  • Applicants need to be currently residing in inadequate housing which is unsafe or overcrowded

  • If the applicants rent is over 30% of your gross income

  • If the applicants rent is government subsidized

  • Simply, if the applicant cannot qualify for a traditional mortgage

ABILITY TO PAY

  • If employed, need steady verifiable work history for at least one year

  • Perfect credit is not necessary, however an established & consistent payment record is required

  • Your overall debt will be examined to determine if your new mortgage will keep you from paying other monthly expenses

  • Applicants gross income must meet the minimum annual guidelines but not exceed the maximum annual guidelines (See Chart below)

WILLINGNESS TO PARTNER

  • Applicants must be willing to invest a minimum of 500 hours of “sweat equity” to the completion of the home (roughly 18 months or so after application process)

  • Applicants must attend the required homeowner classes

  • Applicants must accept a home in the neighborhoods where Habitat for Humanity of Marion County serves

  • Applicants need to be willing to pay out of pocket expenses (i.e: down payment and/or closing costs) associated with homeownership

  • Applicants will be responsible for maintenance of the home from the time you move into your home

  • Applicants will be responsible for repaying the monthly mortgage payment of your home in a timely manner. 

INCOME GUIDELINES

*Income includes wages, social security, disability, SSI, and child support

COMMUNITY LAND TRUST

In May 2018, the Board of Directors approved the formation of a Community Land Trust (CLT) in an effort to keep all the future homes we build to have the ability to pass on the affordability to the next owner of the home. We manage that process by having the CLT own the land the Habitat homes are constructed. At closing the homeowner will sign a 99-year lease for the land allowing it to be available for homestead exemption. If a homeowner needs to sell their home, the CLT has the first right of refusal to purchase the home. The purchase price is based on a formula to determine the net equity earned during their ownership. If the CLT does not purchase the home the retain the ownership of the lot and the homeowner can sell the home with the provision that it is sold to a family who qualifies as being affordable.

If you meet the above criteria and are interested in applying,

the next step would be to schedule a Homeownership Meeting

with our Family Programs Specialist, Heather Thrall

We have recently started hosting 1 on 1 ZOOM meetings for Homeownership. 

To schedule a meeting and receive an application, please contact Heather Thrall at (352)351-4663 or fill out the form below.

Contact Us
IHabitat Construction
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Contact Us

(P) 352-351-4663

(F) 352-351-3081

 

Hours

Mon-Fri

8:00am - 4:30pm

 

Hours

Mon-Sat

8:30am - 4:30pm

 

Contact Us

(P) 352-401-0075

 

27 Location

926 NW 27th Ave

Ocala, FL 34475

 

200 Location

10800 SW 91st Ave

Ocala, FL 34481

 

Location

1321 SE 25th Loop Suite 103 

Ocala, FL 34471

 

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