top of page
QUALIFICATIONS

Qualifications for Homeownership Program

habitat_july-56.jpg

Qualifications for homeownership.

Lakeshore Habitat for Humanity makes all decisions based on need, ability to pay, and willingness to partner.

Need
Potential qualifications of need:

  • Overcrowding 

  • Structural deterioration 

  • Excessive housing cost (eg. over 30% of your monthly income)

  • Safety concerns of living in a high crime area 

  • Substandard, inadequate housing 

  • Other 

 
Ability to Pay 

  • Credit score must be over 620 

  • Must provide proof of consistent employment for the past 12 months 

  • Must provide proof of consistent rental history in Holland for the past 12 months 

  • Debt to income ratio under 43% (after adding 30% for a mortgage)

  • Legal residents of the United States

  • Within income guidelines for household size: 

 
 

 

 

 

 

 

 

 

 

 

 

 

 

Willingness to Partner

  • Able to save and pay $4000 down payment by closing

  • Contribute 250 sweat equity hours per adult

  • Meet regularly (minimum of monthly) with Homeowners Services Coach 

  • Mortgage approval/denial- $235,000  (not a qualification but is part of the application)

  • Take required classes 

get involved with Lakeshore Habitat

Get to Know Lakeshore Habitat

Join our email list to receive powerful stories about Lakeshore Habitat homeowners, our current builds, the latest events, and ways you can make an impact.

bottom of page