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Homeownership

FAQs

Pre-Qualification List

  1. I have a need and have lived in McCracken Co for One Year
    • I do not have a house, mobile home, or property of my own.
    • I am homeless.
    • I live in an overcrowded place.
    • I live in a substandard home.
  2. My gross income falls within the following guidelines:

    Family Size Minimum Income Maximum Income
    1 $15,850 $31,680
    2 $18,100 $36,180
    3 $20,350 $40,680
    4 $22,600 $45,180
    5 $24,450 $48,840
    6 $26,250 $52,440
    7 $28,050 $56,040
    8 $29,850 $59,640

  3. I have the ability to repay the loan.
    • I pay my rent and other bills on time.
    • I have been employed for at least 12 months.
    • OR I receive disability.
    • I have not filed for bankruptcy in the last 2 years.
    • I do not have expensive debt.
  4. I am willing to partner with Habitat for Humanity.
    • I will partner in a positive manner with Habitat until the house is paid in full.
    • I will work my sweat equity according to Habitat's current policy.
    • I will attend all required classes and meetings.
    • I will pay my house payment; insurance and tax payment, in full, on the first of every month.
  5. United States Citizenship

    I am (and co-applicant is) a citizen of the United States of America or a permanent resident.

  6. I am married, divorced or single.

    You must be able to provide the appropriate documentation.

  7. Legal History

    No member of my family that will live in the house has been convicted of a felony.

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