Habitat is a long-term housing solution. If you are selected for our program, it typically takes 1-2 years before you would move into your new home. This is because there are requirements you must meet, a lot must be selected, and then your home is built from scratch. Generally, the more quickly you complete your requirements, the more quickly you will move through the program.
Our homes vary based on family size and children’s needs. Homeowners get a choice in the exterior siding and trim colors, as well as the countertop and flooring colors in the interior. The specific floor-plan is selected by Habitat and is based on the dimensions of the lot. Homes are typically 1,200 square feet.
To be accepted into our program you must demonstrate income within our guidelines but we count unearned as well as earned income; we will combine all sources of applicant’s income to determine the total household income. If you are retired or do not work, you must still have an income within our income guidelines.
We look at your credit history and want to see that applicants have good or no credit and low monthly repayments.
In order to be considered for the Habitat program, it must be at least 2 years since you filed for bankruptcy.
If you are legally married, you must apply with your spouse. If you are separated, you will need to finalize a divorce before closing on your loan.
Habitat for Humanity Greater Peoria Area does not accept co-signers.