Thank you for your interest in Habitat’s Homeownership Program!
You may qualify for a Habitat home. Please see our guidelines below.
How does the homeownership program work?
Habitat for Humanity of Bucks County sells newly constructed or renovated homes to qualified families and individuals who already live or work in Bucks County. Our homebuyers purchase their homes with affordable mortgages and pay taxes on the full values of their homes. Check out our guidelines–perhaps you are our next homeowner!
What to expect during the homeownership process:
- Prospective applicants contact Habitat Bucks to inquire about our homeownership opportunities and are added to our contact list.
- Prospective applicants learn about specific properties at Homeownership Interest Meetings, which are held every time a new home is being offered.
- Prospective applicants submit to a review of qualifications* and a credit check through the Pre-Application Questionnaire (see below).
- Qualified individuals and applicants are invited to submit the full homeownership application for the property, which includes an in-depth review and a home visit by the Family Selection Committee.
- Approved applicants become “Partner Families” and begin their sweat equity hours in building with Habitat Bucks.
- Partner families attend a series of workshops to ensure their successes as homeowners.
- After hours are completed and the house is finished, partner families purchase their homes and become homeowners!
*Applications are evaluated on several criteria, including credit history and affordability ratios including the Housing Ratio: the expected monthly mortgage amount is divided by an applicant’s gross monthly income. Typically, a person should not spend more than 25% to 30% of his or her gross monthly income on housing costs.
Get your Pre-Application Questionnaire: Completed forms are added to our contact list for current and future opportunities. Even if you are not interested in the areas in which we are building, or we don’t have any houses currently available, we encourage you to submit your questionnaire to be included in our database for future home opportunities. If you qualify, we will contact you to invite you to submit a complete application for homeownership in your preferred region of the county (as available).
The application process takes approximately three to five months, depending on the volume of applications received. Once your application has been approved, you become a Partner Family! Partner families must complete a number of sweat equity hours in building their own homes, working in our ReStore and participating in community events. Once your hours are complete and the house is finished, you purchase your home and become a homeowner! The entire process, from start to finish, typically takes about one year.
For more information, please contact Stefanie Clark at firstname.lastname@example.org or call 215.822.2812 x307.
HOMES FOR SALE!
There are currently no homes available for sale. We are actively reviewing our next home-building opportunity. We strongly recommend that you submit your Prospective Applicant Questionnaire so that we may contact you once new home construction gets underway!
Homeownership Program Qualifications
Homeownership Qualifications for all Habitat Bucks Applicants:
- Currently live or work in Bucks County
- Willing to partner with Habitat Bucks in completing up to 375 “sweat equity” hours and participating in media coverage
- Have a stable income and satisfactory credit history
- Live in “substandard” conditions (includes overcrowding, unsafe living conditions, not being able to afford a market-rate home, etc.)
- Have a total household, gross income* that fits within our Income Guidelines.
*Gross Income (before taxes and deductions are taken from paychecks, also including child support, disability income and SNAP) must fit into these guidelines.
2014 Income Guidelines:
|Family Size||Tier One Minimum|| Tier One Maximum/
Tier Two Minimum
|Tier Two Maximum|
**Habitat Bucks provides two models of homeownership. In addition to the Tier One, or “traditional” Habitat model, Habitat Bucks also offers a Tier Two model. The applicant qualifications remain the same for both models; however the income, mortgage and sweat equity requirements vary. Tier One homes have a zero-percent mortgage. Tier Two homes have a low-interest mortgage from a lender of the homebuyer’s choosing.
SEE WHAT WE’RE BUILDING:
HOMES CURRENTLY UNDER CONSTRUCTION & UNDER CONTRACT
Penn Villa – NEW Townhouses in Upper Bucks!
Five new townhomes are scheduled for completion in December in the Sellersville area in Upper Bucks, to add to five that were completed in Fall 2013. One unit is handicap-accessible. Each home has three or four bedrooms, two full bathrooms and a garage and are priced at $119,000 and $122,000 for the first mortgage for mid-units and end units, respectively (appraised values are $185,000 and $190,000). Monthly mortgage costs (including principal, interest, taxes, insurance and association fees) are typically falling between $850 to $1000 or lower (these homes qualify for USDA Rural Development’s Housing Loan Program). Homes are being built to Energy Star certification standards. *These homes are currently UNDER CONTRACT.
Check out our Penn Villa Flyer here!
Middletown Township home will be our 100th home!
A brand-new home will soon occupy an empty lot in an established neighborhood in Levittown. The home will built to Energy Star® certifications and will feature three bedrooms, one bathroom and central air conditioning. Public transportation, major roads, shopping and schools are nearby (Neshaminy School District). With a first mortgage set at $116,000, the expected appraised value of the finished home is $240,000. Zero-interest (Tier One) and low-interest (Tier Two) mortgage options are available, providing mortgage payments (including escrow for taxes and insurance) ranging from $930 to $1,190 per month, depending on interest rates. *This home is currently UNDER CONTRACT.
Check out the Levittown Flyer here!
New Construction in Croydon!
Come home to Bristol Township! A three-bedroom, Energy-Star-rated home is planned for an empty lot on State Road in Croydon (Lower Bucks). The new home will also include central air conditioning and off-street parking. Public transportation, major roads, shopping and schools are nearby (Bristol Township School District). With a first mortgage set at $120,000, the expected appraised value of the finished home is $150,000. Households with incomes in the Tier Two range were invited to consider this home purchase opportunity. Depending on interest rates, the monthly mortgage payment (including principal, interest, taxes and insurance) is expected to be approximately $1095 per month. *This home is currently UNDER CONTRACT.
Check out the State Road, Croydon Flyer here!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are not barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, national origin, or any other basis as required by law.