Qualifications for Homeownership

These are the basic Homeowner Selection Criteria for Habitat Charlotte for New and Existing Homeownership. More specific information is provided at the orientation session. Click here for information about qualifying for our Critical Home Repair program.

Need for Housing

  • Living in overcrowded housing
  • Living in substandard housing
  • Being a resident of public housing
  • Paying more than 30% of gross income on rent

Ability to Pay

  • Income: Income must be stable and fall between 30-60% of HUD Area Median Income (click here for HUD income requirements).
  • Budget: Your estimated mortgage payment should be no more than 30% of your income, and mortgage and other debt combined should be no more than 40% of your income.
  • Delinquent Debt: No more than $1,200 in delinquent debt at the time of application and all delinquent debt must be paid off before application approval.
  • Medical Debt: No more than $10,000 in medical collections.
  • Outstanding Debt: No more than $1,000 in outstanding debt at the time of application, excluding student loan or automobile loan debt. Note: You cannot qualify for Habitat homeownership if you own a home at the time of applying.
  • Bankruptcy: Must wait two years after being discharged and reestablishing good credit.

Willingness to Partner

  • Applicants must be willing to perform "sweat equity" hours (300 hours for households with only one adult and 400 hours for households with multiple adults)
  • Must have lived or worked in Charlotte or Pineville for the last year
  • Have a commitment to a drug-free community and no serious criminal history
  • Applicants MUST be legal U.S. residents