Habitat For Humanity - Western Lake Superior
Home Ownership Assistance
2105 Woodland Ave, Duluth, MN, 55803
Distance: 955 Miles
Home ownership program that offers financial assistance to make home purchases more affordable for those that meet eligibility requirements
Making homeownership affordable in partnership with low-income families and the community.
This non-profit program builds, renovates and repairs houses.
Homeowners purchase the homes with affordable mortgage payments. Both volunteers and homebuyers help build and repair the homes.
Families are selected for the program based on
* Level of need
* Willingness to become partners in the program
* Ability to repay the loan
- People with low income
In general, applicants must:
* Be citizens or legal residents
* Prove steady income
* Have good credit
* Earn a monthly income that falls within minimum and maximum limits, depending on household size
* Maintain a savings account over a certain period of time
In addition, each partner family will be required to:
* Invest sweat-equity hours in building their home and others
* Make an affordable down payment
* Make timely mortgage payments
* Attend homeowner education classes
Carlton, Lake and Southern St. Louis counties
This provider does not offer this service at other locations.
Other Services or resources
Taxonomy Terms Used: Clicking a taxonomy term from the list below launches a new search.
BH-7000.8100-800Sweat Equity Programs Definition
Programs that make low-cost housing available to people who have very low incomes by organizing a group of volunteers to design and construct houses which are then sold at cost and at no interest to individuals who qualify by making a small down payment and investing a specified number of hours of "sweat equity" working on the project.
YL-3300.4500Low Income Definition
Individuals or families whose annual income is between 150 and 200% of poverty level for their family size.
YL-3300.6500Poverty Level Definition
People whose annual income is within the federal poverty level guidelines which vary according to family size and are revised annually.