The available unit in this community is designated for buyers who qualify for Habitat’s Fern Loan Program. Under this program, buyers must demonstrate that they can afford the home’s full affordable purchase price with a resulting monthly housing payment that is at or below 34% of gross monthly income.
Habitat partners with lenders to provide below-market interest rate mortgages, which significantly lowers monthly payments. Based on current rates, a buyer would typically need an annual household income of approximately $72,204.86 to qualify for these homes without other resources.
Buyers may also qualify with a lower income if they have access to down payment assistance, grants or subsidies from partner organizations, or personal savings. These additional resources reduce the loan amount and make the home affordable for buyers below the typical income threshold.
To help us confirm eligibility, applicants will need to show documentation that any down payment funds or down payment assistance they plan to use is already secured at the time of application.
Homes are resale restricted to provide for lasting affordability.
Must be willing to partner and complete homeownership program requirements.
Property Features
Energy Star or equivalent appliances included:
Range, Refrigerator, Microwave, Dishwasher, Washer and Dryer
Earth Advantage Platinum energy efficiency certification
