Homeownership
The need for affordable housing is immense, and the lasting impact homeownership can have on families and individuals is undeniable. Habitat for Humanity homes are not free gifts - each family who partners with Habitat is making a personal and financial investment in their future. Contact us if you or someone you know is in need of decent, affordable housing. We'll explain the process and explore the homeownership options available.
Every family needs a strong foundation to build a brighter future.
At Habitat for Humanity Anchorage, we believe that every one of us deserves a decent and affordable place to call home, and that home becomes the launching pad for a brighter future.
Habitat partners with hard-working, low-income families to help build a better life for themselves and their loved ones - because we know that decent, affordable shelter offers strength, stability, and self-reliance.
After each home has been built or renovated, it is sold with an affordable, no-profit mortgage and an affordable monthly payment. As Habitat homeowners make their mortgage payments, they are investing in the homes of future homebuyers - and the cycle continues.
VIDEO: About how every one deserves an affordable place to call home. Created by Habitat for Humanity International.
Do you qualify?
To be eligible to purchase a home with Habitat for Humanity, potential homeowners must meet these three areas of qualification.
You must have a steady income.
You must have a need for housing.
You must be willing to partner.
Habitat homes are not given away. They are sold to homebuyers with a no-profit mortgage. Each family or individual must demonstrate steady income.*
A family must be currently living in substandard housing. Habitat works each day to eliminate poverty housing in the local community.
A family must have the willingness to partner with Habitat by investing sweat equity in their home and the homes of other homebuyers.
To download a full list of qualifications, click here:
*Specific income guidelines will be discussed once a family or individual has submitted an application. Habitat does not discourage anyone from applying for our homeownership program. However, please note that in addition to meeting Habitat's monthly income and debt requirements, an applicant must not have filed bankruptcy or had property foreclosed on within the past three years. All court fees, fines, time served, community service, etc. must be fully satisfied and any civil judgment or tax lien paid in full or satisfied prior to being accepted into the homeownership program.
How to apply:
Every year, traditionally in the Spring, we host a series of Information Sessions where potential homebuyers learn about our program and apply for homeownership. All Information Sessions are free to attend and you will have a chance to see what homes are available for purchase.
In order to qualify for homeownership through Habitat for Humanity, all applicants are required to attend one Information Session.
We're offering a hand up, not a hand out.
Habitat for Humanity homes are not given away. When a family or individual partners with Habitat, they invest sweat equity by building or renovating their home and the homes of others. Each family also participates in financial literacy courses and much more. In short, the path to homeownership isn't easy, but owning your own affordable home is very much worth the investment.
We rebuild the past to help you shape your family's future.
In addition to building new houses, Habitat for Humanity Anchorage also revitalizes existing structures to create a home that strengthens both a family and community. This is our Preserve-A-Home program. When available, a family or individual who pursues homeownership with Habitat has a few options for housing:
Build-A-Home | Hard-working families and individuals may purchase a newly constructed home. The future homeowner participates in the construction process, sweat equity, and Habitat homeownership classes. When completed, the home is sold with an affordable, no-profit mortgage.
Preserve-A-Home | Hard-working families and individuals may purchase homes renovated by Habitat for Humanity. The future homeowner participates in the construction process, sweat equity, and Habitat homeownership classes. When renovations are completed, the home is sold with an affordable, no-profit mortgage.
Homeownership Has Perks
When you receive the keys to your new home, you will quickly begin realizing the benefits of safe, decent, and affordable housing.
Stability
Provide your family with a safe, stable home environment to return to at the end of the day.
Affordability
We work with you to ensure that your new home is affordable so you can use your resources effectively.
You Own It
Your new home will be an asset and a legacy - something you can pass down to your children.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunities throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.