2023 Homeownership Recruitment
Do you have the qualifications to become a Habitat Homeowner?
Bee Ready Homebuyer
Required Documentation for Submitting a Completed Application
You must bring all of the documents listed below with your completed application to the second session:
List of Documents:
You must bring copies of all the documents below to the second meeting so start gathering them now and be prepared:
List of documents:
• 2022 taxes (pages 1-4 of the actual tax documents)
• 2022 W-2
• SSI letter (if applicable)
• Disability award letter (if applicable)
• Court-ordered Child Support (if applicable)
• Current employer
• July pay stubs
• Alimony letter from the court (if applicable)
• July bank statements – including all checking and savings accounts
• Social Security cards for ALL family members
• Year and make of car ( ex. 2014 Toyota)
• Copy of current lease and July utilities bill
• You must give Sandhills Habitat permission to run your credit and background check
Eligibility Requirements
Must Live/Work in County
- The applicant must live or work in Moore, Richmond or Hoke County.
Need for Housing
- Unsafe or very poor conditions or located in a particularly unsafe area; Rent, or contribution currently paid towards rent, exceeds 35% of net income
- Size is inadequate for the present residents
- Other facts demonstrating a need for the type of housing Habitat can provide, that goes beyond a personal desire to own a home
Have the Ability to Pay
- Stable income for at least one year and the ability to make monthly mortgage payments, but too low to secure conventional financing
- Income between 30-80% of HUD’s area median income (see table).
- Satisfactory housing expense and debt to income ratio; max of 40% DTI
- Verification of earned income with a most recent Federal Income Tax Return and verification of all other income
- Satisfactory housing expense and debt to income ratio
- Legal right to work in the United States
- A satisfactory credit history reflecting acceptance of responsibility for debt. All collection accounts and financial judgments paid in full. No Chapter 7 bankruptcy within three years or Chapter 13 within 18 months prior to applying
- Ability to save $2000 for down payment
- Proof of their ability to live financially independent for 18 months before the application is approved
- Applicants must not be a registered sex offender and will be subject to a criminal background check
Willingness to Partner with Habitat
- Participate in 11 Homebuyer education classes.
- Be honest and cooperative with Habitat for Humanity of the NC Sandhills
- Willing to complete a minimum of 300 “sweat equity” hours per adult (18 years or older) and 60 hours per teen (16-17 years of age)
- Participate in 22 Homebuyer Education Program Workshops and complete two hours one-on-one financial counseling.