Habitat for Humanity of Omaha helps empower families as they work toward becoming first-time homeowners. Throughout the process families gain hands-on construction experience and attend homeownership workshops. Once construction/existing home renovation is complete and the affordable Habitat loan is issued, families are well on their way to becoming successful Habitat Omaha homeowners.
Thank you for your interest in our Homeownership Program. We are not currently accepting applications. If you have questions or would like to be notified when applications are available, please call us at (402) 457-5657. To get started in the Homeownership Program, we recommend that you make a free appointment with Todd Sites at Credit Advisors Foundation by calling (402) 514-3341 or emailing him directly at firstname.lastname@example.org. He can help be your financial coach preparing you for the next application session.
1. Housing Need. Current housing is inadequate, substandard, or unaffordable
Income Guidelines: Numbers are from HUD Income Limits, 2017, Omaha Metropolitan Area
2. Ability to Pay.
- Applicant(s) must have a reliable, steady and verifiable source of income for the last 2 years. The income should be expected to continue for the next 5 years of the mortgage.
- Credit history shows ability to repay the loan, with minimal late payments in the past 2 years.
- Good rental history within the last year.
- Collections, charge offs and judgments more than $2,000 will require free credit counseling before application.
- Bankruptcy needs to be discharged a minimum of 2 years with re-established credit.
- Must be a U.S. Citizen or permanent resident.
3. Willingness to Partner. Families will partner with Habitat Omaha in several important ways.
- Sweat Equity (volunteer hours) – 350 hours (for 2 applicants) and 250 hours (for 1 applicant), which is about 15-20 hours per month. Sweat Equity hours can be earned on construction sites, at Habitat ReStores or in our office.
- Applicant(s) must:
- complete a series of educational workshops.
- be willing to purchase a Habitat Omaha house and make regular monthly mortgage payments for a 20-30 year mortgage.