Eligibility Requirements

In order to be eligible for Pensacola Habitat’s home buyer program, there are certain criteria you will need to meet. First, you must be able to answer “yes” to all statements below.

  • I am at least 18 years old and legally able to contract.
  • I am a U.S. citizen or permanent legal resident.
  • I have lived or worked in Escambia or Santa Rosa County for the past 12 months.
  • I am unmarried or married but not separated. (If married, your spouse must also apply jointly with you.)
  • I have not had a bankruptcy discharged in the last two years and have not had multiple bankruptcies.
  • I have not had a foreclosure finalized in the last two years and owe no deficiency balance from a prior mortgage.
  • I have no pending criminal cases and no disqualifying criminal history in my household.
  • I am not a registered sexual offender and do not have a sexual offender who is or will be living in my home.
  • I have two years’ worth of stable, documented income or employment history.
  • I have been employed in my current job for a minimum of six months (if applicable).
  • I do not currently own a livable home or have an existing mortgage balance.
  • My total annual household income does not exceed the limit for my family size.

Second, you must demonstrate an ability to pay:

Ability to Pay

You must have the ability to pay a $450-$650 a month payment. You will, of course, be expected to bring proof of income and show your bill payments. Habitat does evaluate credit history and debt, but your credit DOES NOT need to be perfect. In fact, we work with families to improve credit and reduce debt. The following info will help you decide if your YEARLY income is within Habitat guidelines. (Maximum income guidelines are up to 80% of Area Median Income and based on family size. Minimum income must be over $20,000. Income limits may change based on annual adjustment of HUD area median income.) See below chart for max income levels:

Family Size Household Yearly Income* Up To
One $34,750
Two $39,700
Three $44,650
Four $49,600
Five $53,600
Six $57,550

*Minimum income over $20,000, based on family size. Income limits subject to change annually. These limits effective April 17, 2017.

Third, you must demonstrate a willingness to partner:

Willingness to Partner

Pensacola Habitat is a homeownership program, so you must be prepared to enter a long-term partnership with our affiliate and the community. Before purchasing a home, you will work side by side with other future homeowners, community volunteers, and Habitat staff members to build homes and prepare for successful homeownership. The 200 hours that you invest in your home and/or the homes of other program participants is called “sweat equity.” These include construction hours on Habitat job sites, completion of financial literacy and homebuyer readiness workshops, and additional volunteer hours either through Pensacola Habitat, our ReStore, or in the community.

Here is a breakdown of the Sweat Equity hours:

  • 26 workshop hours
  • 100 construction hours
  • 74 other volunteer hours (either at Habitat or at an approved organization in the community). 50 of these hours can be worked by your friends and family at Habitat and donated toward your sweat equity.

Note: you must do a minimum of 15 hours each month while in the program.

Fourth, should you qualify for our program, fulfilling the financial obligation will allow you to purchase your home at 0% interest. What’s more, you will be only paying for the cost of your home with no builder’s markup.

Financial Obligation

You will be responsible for paying between $1,500 to $2,000 as a down-payment toward the purchase of your home prior to closing. $1,000 of that down payment will be non-refundable once you have chosen an address. After purchasing a Habitat home, you will be required to make monthly mortgage payments and keep your home well-maintained. Post-purchase counseling will be offered and may, in some cases, be required.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity 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, national origin, age, marital status, sexual orientation, or sources of income.