Homeowner FAQ's

What is "Sweat Equity?"

Sweat Equity refers to the work that Habitat homeowners and their families contribute to the construction of their home and their participation in Homebuyer Education Courses. In addition to actually building their homes, families can work in the Habitat ReStore, volunteer in the office or family members can earn hours through other approved projects.

How do you determine the total number of “Sweat Equity” hours for each homeowner?

For a single parent family we require 250 “Sweat Equity” hours and for a two parent family we require 500 “Sweat Equity” hours.

Does Habitat give away Habitat homes?

No! Families purchase their homes from Habitat with a no-interest mortgage paid over 20 to 30 years. Homeowner’s monthly mortgage payments go into a revolving fund to help build more Habitat homes in the community.

Can families sell their Habitat home?

Families can sell their homes, like other homeowners, but there is no incentive to sell. Habitat does have first right of refusal if the homeowner decides to sell their home.
The longer a family holds onto their home the more equity they acquire.

How are Habitat families selected?

Families in need of decent shelter apply to local Habitat affiliates. The affiliate’s family selection committee chooses homeowners based on their level of need, their willingness to become partners in the program and their ability to repay the loan. Every affiliate follows a nondiscriminatory policy of family selection. Neither race nor religion is a factor in choosing the families who receive Habitat houses.

What does a Habitat house cost?

Habitat homes in Sheridan County average between $135,000 – $160,000.

How can I apply for a Habitat house?

Contact the Habitat office to find out when the next informational meeting will be held.