Homeownership
Do you think you might qualify as a homeowner or do you know of someone who might? Loveland Habitat has Open Application periods throughout the year. Call our office at 970-669-9769 to inquire about these application periods. You may download an application flyer here.
Applicants must meet the following basic requirements:
- Have lived or worked in Loveland for at least one year.
- Have a need for adequate housing. (Are current living conditions overcrowded or unsafe or do you pay 40% or more of your income for rent, or receive subsidized housing?) Or can’t qualify for conventional loan.
- Willing to partner with Habitat by working 250 volunteer hours (sweat equity) per adult applicant.
- Earn between 30-60% area median income (see chart below), are a US citizen or legal permanent resident and have: No bankruptcy within last 2 years, No current non-medical collections, no judgments or liens. Current history of paying bills on time.
|
1 Person |
2 person |
3 person |
| 30%Min |
$18,000.00$8.65/ hour |
$18,400.00$8.85/hour |
$20,700.00$9.95/hour |
| 60%Max |
$32,220.00$15.49/hour |
$36,840.00$17.71/hour |
$41,460.00$19.93/hour |
|
4 Person |
5 Person |
6 Person |
| 30%Min |
$23,000.00$11.06/hour
|
$24,850.00$11.95/hour
|
$26,700.00$12.84/hour
|
| 60%Max |
$44,940.00$21.61/hour |
$49,740.00$23.91/hour |
$53,400.00$25.67/hour |
|
7 Person |
8 Person |
| 30%Min |
$28,560.00$13.73/hour |
$30,400.00$14.62/hour |
| 60%Max |
$57,120.00$27.46/hour |
$60,780.00$29,22/hour |