APPLICATION PROCESS IS NOW CLOSED

A typical mortgage for a Habitat home can change annually based on construction costs for the home. In 2023, a mortgage on a three-bedroom home is expected to range from $95,000. This would translate into a $650 monthly mortgage payment. Mortgage payments include escrow for homeowner's insurance and property taxes.

All prospective homeowners must have a stable source of long term income. This could be income from employment, Social Security, disability, child support, etc. If child support is being used as one of the income sources, it would need to continue for at least 3 years.  

Habitat currently offers 3 and 4 bedroom floor plans, depending on the size of the family. A 3 bedroom is approximately 1,200 square feet. The 4 bedroom is approximately 1,350 square feet. Both floor plans offer an open concept living room - kitchen/dining area, 2 full bathrooms, mud room with side entrance, a front porch and shed in the back yard.

All collections must be satisfied with a $0 balance. This could either be paid in full or a settlement amount the collector is willing to accept. Habitat encourages all families to use a free credit reporting agency to determine if they have any collections and then make a plan to begin negotiating with collectors.

Habitat does not look at individual credit scores. Instead we look at recent financial behavior and habits. At the time of application, every applicant signs an agreement that allows us to access their credit report and also conduct verification's with employers, landlords and utility companies.  

Each year, Habitat's board of directors determines when applications will be accepted and how many families to approve. Anyone interested in learning more about our work and requirements is encouraged to contact Melissa, at the Habitat office 217-348-7063 or by email at colescountyhabitat@consolidated.net