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 |
$18,210.00$8.75/hour |
$20,490.00$9.85/hour |
| 60%Max |
$31,860.00$15.32/hour |
$36,420.00$17.51/hour |
$40,980.00$19.70/hour |
|
4 Person |
5 Person |
6 Person |
| 30%Min |
$22,740.00$10.93/hour
|
$24,570.00$11.81/hour
|
$27,050.00$12.69/hour
|
| 60%Max |
$45,480.00$21.87/hour |
$49,140.00$23.63/hour |
$52,800.00$25.38/hour |
|
7 Person |
8 Person |
| 30%Min |
$28,200.00$13.56/hour |
$30,030.00$14.44/hour |
| 60%Max |
$56,400.00$27.12/hour |
$60,060.00$28.88/hour |