Our Program
Our homeownership program is to help homebuyers achieve their dream of owning a home. Habitat homebuyers learn valuable financial skills and have the unique opportunity to build their own home with CDHFH staff and volunteers. Our potential Habitat homebuyers are required to assist in the construction of their home by accruing sweat equity hours, participating in CDHFH events that raise program awareness, completing financial literacy training, and CDHFH homebuyer readiness workshops. You will be required to attend an Informational Orientation to begin the process of your application.
Eligibility
The best way to find out if you are eligible for our program is to complete the eligibility form. Below are the income guidelines established by HUD.
Kent County HUD Income Guidelines
Median Income $91,300
| Family Size | 30% of Median | 50% of Median | 60% of Median |
|---|---|---|---|
| 1 Person | $18,870 | $31,450 | $37,740 |
| 2 Person | $21,570 | $35,950 | $43,140 |
| 3 Person | $24,270 | $40,450 | $48,540 |
| 4 Person | $26,950 | $44,900 | $53,880 |
| 5 Person | $29,100 | $48,500 | $58,200 |
| 6 Person | $31,260 | $52,100 | $62,650 |
| 7 Person | $33,420 | $55,700 | $66,840 |
| 8 Person | $35,580 | $59,300 | $71,160 |
The Application Process
1. You will need to complete the eligibility form above. Our Qualified Loan Officer (QLO) will call you soon to ask you for additional information.
2. To receive a loan application, you may download one here. The application document includes a list of supporting documents that prove your income, assets, and mortgage readiness (Ability to Pay, Willingness to Partner, and Need of Shelter). You will need to return the completed application and all supporting documents to be considered in the current cycle.
3. Your ability to pay an affordable mortgage is determined by a combination of your income and your credit worthiness. After our QLO verifies your income, you may be asked to pay a $25 credit report fee ($50 for co-applicants).
4. Your need for affordable housing is determined by a number of factors. Once your ability to pay has been verified with your credit report, our staff and volunteers will visit you and your family in your home for an in-person interview.
5. Your willingness to partner with Central Delaware Habitat for Humanity is demonstrated by you and your family before, during, and after the application process. Our organization’s expectations of a good partner are defined below.
6. Make sure you meet all the requirements before applying, have all your supporting documentation on hand, and respond in a timely fashion to help make the process go smoothly and quickly. If you have further questions about our mortgage loans, we have the answers! For more information, attend one of our Informational Orientations.
