Homeownership

Habitat for Humanity of Greater Dayton believes that all hardworking individuals and families should have access to the benefits and stability of homeownership. We are committed to partnering with families to build safe, healthy and affordable homes with affordable mortgages.


Habitat is a Partnership – Not a Charity

Habitat provides a hand-up, not a hand-out. By working with us from beginning to end, we can help prospective individuals prepare for the various responsibilities of homeownership, including learning about personal finances, mortgages, maintenance and upkeep of homes, and much more. Habitat’s path to homeownership is an important and in-depth process, requiring hard work, time and dedication. But this helps to ensure the long-term success of Habitat homeowners.


 

Affordable Mortgages

Habitat homes are not sold for profit. Each family’s affordable mortgage payment goes into our revolving fund to help future families. Habitat for Humanity of Greater Dayton is proud to count so many local families in it’s ranks of homeowners. Their dedication and hard work allows us to do more for the community and local families.


Homeowner Selection 

We do not discriminate on the basis of religion, race, or ethnic background. All applicable federal and state laws regarding mortgage lending are followed.

Our selection criteria are:

 

  • Income is 30-60% of the median income for Montgomery and Greene County with adjustments for family size
  • Ability to repay with verifiable income. Debt-to-income ratio cannot exceed 40%
  • Employment with at least 6 months on the job, or other approved form of stable income.
  • Currently living in substandard housing.
  • Willingness to partner through sweat equity.
    • We require 275 sweat equity hours for a single-adult family and 550 hours for a two-adult family. A family earns sweat equity by building their own home, as well as the homes of other families.

 

Homeowner Education Requirements

In order to further prepare our homeowners to succeed, Habitat provides classes in the areas of money skills, home maintenance, community resources, consumer credit counseling, legal issues, community involvement, nutrition, and insurance. These classes provide the knowledge and skills necessary for each family to become self-sufficient, active participants in their community.

The partner families consistently express their gratitude for these classes and tell us how much they learned about how to be an active and contributing partner in their community.