In order to receive an application and be considered for our homes, you must attend one of our Family Selection Orientation meetings. If you have not yet heard the good news, our Habitat affiliate will start building a home located on 26th Avenue. We are in the process of researching more lots for our next home.
We will have information and answers to your questions at the meetings. If you or someone you know is interested, please contact us with the form below.
Habitat Home Buying Program
Habitat for Humanity is a non-profit, faith based organization working in partnership with God's people in need of a simple, decent and affordable home. Habitat builds 3 & 4 bedroom homes. Each home has one bath or one and one-half bath.
We offer a 20 year loan with NO INTEREST. Payments are approximately $500 to $700 per month. This includes homeowner's insurance and property taxes. Closing costs of approximately $3,000 include the first month's payment, homeowner's insurance, and property taxes, which are required of the purchaser at time of loan closing.
Once in the program, 200-500 hours of sweat equity hours of time and labor must be invested in your home as well as homes of other Habitat households, in the administrative office, or at the ReStore. Homeowners must attend required homeowner education meetings.
- You must meet all of the following requirements to qualify for the program: - Have a need for affordable housing by meeting the income guidelines. (See chart below) - Includes income from social security, SSI, child support, and/or employment income. - Does not include PFD, Unemployment or Food Stamps - Have a clear mairtial status. Acceptable status include: - No separation - Divorced - Single - Widowed - Married - Have a good credit history. NO credit is GOOD credit!! - Medical and dental bills are not counted against you - Have three years of stable income - Be a permanent resident of Alaska with proof of social security number - Be a first time homebuyer or not have owned a home within the last three (3) years - Be willing to partner with Habitat by participating in sweat equity and homeowner education meetings
Every affiliate follows a nondiscriminatory policy of family selection. Neither race nor religion is a factor in choosing the families who receive Habitat houses.
You will be considered for a Habitat home if your present housing is not adequate and you are unable to obtain adequate housing through other conventional means. This may include problems with the present structure; water, electrical, or sewage service systems; heating system; or failure to meet city property maintenance standards. Also taken into consideration are the number, ages, and gender of children compared to the number of bedrooms in your present home.
The percentage of your monthly income that you currently spend on housing is considered to determine need. You will be required to openly and fully discuss your financial situation with Habitat personnel.
You and your family will be considered if your annual total income is between 30-60% of the median income for Fairbanks.