Habitat Homeownership Program
Application Process
- Fill out and submit the Prequalification Form.
- Family Selection Committee reviews the form and mails complete application packets to those who qualify.
- Application Information Meetings are scheduled several times a year. At these meetings, completed application packets are turned in and applicants learn more about the application process and homeownership with Habitat Omaha.
- Family Selection Committee carefully reviews all applications. Verified income is calculated, credit letters and credit reports are evaluated.
- Home visits are scheduled with applicant finalists who are then notified of acceptance or denial within 30 days of the home visit.
Acceptance
- Final approval is made by the Board of Directors. Approved applicants attend the initial Acceptance Workshop before beginning their 350 hours of Sweat Equity.
- Accepted families attend educational workshops, including an individual conference with Consumer Credit Counseling Services and a series of homebuyer workshops with Family Housing Advisory Services.
Address Selection
- As the building schedule is established and addresses become available, lot selection agreements can be signed with families who have completed at least 75 hours of Sweat Equity.
- The first of two installments of the $500 down payment is due at the time of address selection.
- Sweat Equity and house construction continue.
Purchase and Homeownership
- Preparations for closing begin 30 days prior to house construction and Sweat Equity completion.
- Prior to purchase the final installment of the down payment is due. Credit reports are updated and evaluated and current income is verified.
- Homeowner's Insurance is obtained by the buyer and OPPD and MUD utility accounts are transferred.
- Loan documents are signed and home ownership begins.
- Monthly house payments, regular maintenance and home repair become the new way of life.
A future Habitat Omaha homeowner working on his Sweat Equity hours (left, by James Nedresky) and two of Habitat Omaha's 2009 Builders Blitz houses (right).
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