Qualifications for the Homeownership Program
Prospective Habitat homeowners must demonstrate a need for safe and affordable housing, be able to pay an affordable mortgage, and be willing to partner with Habitat.
Need of better housing
Potential homebuyers might be:
- Paying more than 30% of their income toward rent
- Living in poor, overcrowded or substandard living conditions
- Receiving rental subsidy
- Living in transitional or temporary housing
- Living with another family in a single home
Meet income guidelines
Our guidelines are 25-80% of the Area Median Income (AMI).
| Family Size | Gross Monthly Income | Gross Annual Income |
| 1 Person | $952 – $3,047 | $11,425 – $36,560 |
| 2 People | $1,088 – $3,480 | $13,050 – $41,760 |
| 3 People | $1,223 – $3,913 | $14,675 – $46,960 |
| 4 People | $1,358 – $4,347 | $16,300 – $52,160 |
| 5 People | $1,469 – $4,700 | $17,625 – $56,400 |
| 6 People | $1,577 – $5,047 | $18,925 – $60,560 |
| 7 People | $1,685 – $5,393 | $20,225 – $64,720 |
| 8 People | $1,794 – $5,740 | $21,525 – $68,880 |
| 9 People | $1,902 – $6,085 | $22,820 – $73,024 |
Ability to pay an affordable mortgage
Habitat homebuyers pay no more than 30% of their gross income.
Income sources may include:
- Income derived from employment (must be with current employer for at least 6 months)
- Seasonal work
- Self-employment (additional documentation required)
- Child support
- Social Security & SSI (Disability)
- TANF/GAU Grant (limits may apply)
Although perfect credit is not required, we will not be able to accept applications if:
- You have unpaid liens or judgements
- You have filed for bankruptcy in the past three years due to standard debts
- You have filed for bankruptcy in the past year due to medical debts
- You have collections totaling more than $750 per applicant
- Debt to income ratio must be less than 40%
Curious what your current credit looks like? You can pull your credit report once per year at no cost from any of these sources:
Willing to partner with Habitat
Habitat homebuyers will be required to perform “sweat equity” as down payment on their home by helping build their own home and the homes of other Habitat homebuyers. Additionally, time spent meeting with Habitat staff, attending financial and homeownership workshops and classes, and any other required meetings count toward the total sweat equity hours. You can also earn hours by working in our Habitat Store.
Application process
If you are ready to get started, join us for one of our Homeowner Informational Meetings. Meetings cover the application process and requirements and allow time for questions.
Meeting days and times
- First Thursday of every month – 5:30 PM-6:30 PM at 1805 E. Trent Ave.
- Additional informational meetings will be posted on our website at: https://habitat-spokane.org/events/
Questions? Contact our Homeowner Services Department at homeownerservices@habitat-spokane.org or call (509) 534-2552.