Are you a first-time homebuyer? Is your family income $35,000 – $90,480?
Is the current housing market making it difficult to purchase a suitable home?
As changes in inflation and the housing market squeeze people out of the housing market, IU South Bend is eager to support employees who are interested in home ownership but have found that conventional loans are not the right fit for them.
We are hosting an information session for interested employees on
THURSDAY, FEB. 16th at NOON in the ALUMNI ROOM (Administration Building, Room 251)
Bring your own LUNCH. Beverages and desserts will be provided for session participants.
Learn how you can partner with Habitat for Humanity to build and own a wonderful new home!
COST COMPARISON for Habitat Homes:
Conventional Mortgage: $1964-$2088/month
Habitat Mortgage: $907/month
JOIN US TO LEARN HOW!
WHO QUALIFIES?
Income guidelines are dependent on family size, as follows:
- Family size: 1 – Minimum Income: $35,000 Maximum Income: $54,600
Family Size: 2 – Minimum Income: $35,000 Maximum Income: $62,400
Family Size: 3 – Minimum Income: $35,000 Maximum Income: $70,200
Family Size: 4 – Minimum Income: $35,000 Maximum Income: $78,000
Family Size: 5 – Minimum Income: $35,000 Maximum Income: $84,240
Family Size: 6 – Minimum Income: $35,000 Maximum Income: $90,480
If you meet the income guidelines, do not currently own a home, have not declared bankruptcy in the last four years, have not lost a home to foreclosure in the last three years, have paid your monthly bills on time for the last 12 months (including loans, credit cards, rent, etc.), have had a stable income and employment for the last 12 months, and are a US Citizen or Permanent Resident, you are qualified for the program!
If you think you might someday meet these requirements, have friends and family who qualify, or simply want to learn more about Habitat for Humanity, you are also encouraged to attend.
Come learn more about the qualification guidelines, program requirements, educational benefits, and major savings involved in Habitat home ownership.
[Are you interested in partnering with Habitat for Humanity, helping with a home build, donating, or creating a student chapter of Habitat at IU South Bend? Contact Elizabeth Bennion, Director of Community Engagement, ebennion@iusb.edu, or stay tuned for upcoming opportunities].