Habitat for Humanity of the Eastern Bighorns serves those families and individuals that fall between 30 and 60 percent of the state’s median income. The most recent census data shows that nearly 20 percent of families in the affiliate area could qualify for a Habitat home.
Through volunteer labor and donations of money and materials, Habitat for Humanity of the Eastern Bighorns builds simple, decent houses with the help of the homeowner (partner) families. Habitat houses are sold to partner families at no profit and financed with a no interest loan. The homeowners’ monthly mortgage payments are used to build still more Habitat houses.
Habitat is not a giveaway program. In addition to a down payment and the monthly mortgage payments, homeowners invest hundreds of hours of their own labor—sweat equity—into building their Habitat house and the houses of others.
Interested applicants must attend an information session where Habitat staff and committee members will review Habitat’s home Application for Housing ownership program and application criteria.
Housing Need - Applicant(s) must currently be living in substandard conditions and have a need for simple, decent housing.
Willingness To Partner - Habitat homeowners work in partnership with Habitat staff and volunteers and must agree to complete between 250-500 “Sweat Equity” hours based upon the size of applicant family. Habitat Homeowners attend a required series of Homeownership Preparation Workshops throughout the homebuilding process, in addition to contributing to the construction of their homes and other Habitat homes under construction.
Ability To Pay - Applicant(s) must have a credit report clear of any declared bankruptcies, judgements or foreclosures within the last 3 years and must have verifiable household income that meets our guidelines. Habitat does not use a credit scoring system but does look very carefully at a credit payment history, particularly for a history clear of outstanding delinquencies, charge offs or unresolved credit issues. Applicant(s) must have verifiable household income that falls within the income limits HERE.
CURRENT APPLICATION CYCLE:
November 1 - December 10, 2020