Dare to Dream of Owning your Own Home

Transcription

1 Office and ReStore Location 1520 South Shaver Street Pasadena, Texas Dare to Dream of Owning your Own Home Homeowner Letter of Interest Habitat for Humanity Pasadena, Texas online version at Selected families will be posted on the website or call

2 Requirements of Habitat for Humanity Pasadena homeownership program: Willingness to Partner: The family must be willing to do the required sweat equity, turn in all paperwork and report timely and honestly any changes in the family composition. Ability to Pay: Must meet minimum income guidelines, and make monthly mortgage payments. Show Need for Adequate Shelter: The applicants must be currently living in substandard living conditions as determined by Habitat for Humanity guidelines. PERSONAL INFORMATION All households, including individuals, couples (married or unmarried), and families may apply for a house. Applicants, and all household members, must be American citizens, legal residents or have the right to work in the United States. (INS form I-9 is required) All household members must have valid social security numbers that are submitted as part of the application. INCOME & EMPLOYMENT Applicants must have had a steady income for the last 12 months, without a break in employment. You may have held more than one job, but you need to have been constantly employed for the last year. Applicants must have annual gross income between the minimum and maximum amounts listed in the table to the right. To calculate your annual income: Determine your monthly income before taxes and deductions from all wages earned, including both full-time and part-time jobs, during the last 12 months. Add to that amount any monthly non-working income (e.g., SSI, child support, retirement) that you re currently receiving and that is expected to continue for at least the next 3 years. Take these monthly amounts and multiply by 12 to get an annual amount. Select the row in the table to the right that matches the number of people in your family. Compare your annual income to the minimum and maximum amounts listed in the table your income must fall between the minimum and maximum. Application Process Letter of interest completed and turned in. Incomplete letters may not be considered. Initial application must be completed in full. Incomplete applications may not be considered. Reviewing credit score, background checks, references, verifying income and other information as necessary. A Home interview, which includes coming to your home to meet your family, tour your home and potentially review your budget. Recommendations are made to the Board of Directors for final approval. ANNUAL GROSS INCOME (HUD Limits 2015) (income before taxes and deductions): Family Size Minimum Maximum (# of people) Income Income 1 $18,650 $37,350 2 $21,350 $42,650 3 $24,000 $48,000 4 $26,650 $53,300 5 $28,800 $57,600 6 $30,900 $61,850 7 $33,000 $66,100 8 $35,150 $70,400 NOTE: Income limits change yearly in accordance with HUD AMI data These numbers are approximations based on 40% - 80% AMI and number of family members NEED Habitat s homeownership program requires that its future homeowners are living in conditions that are considered unacceptable. Based on your current living environment, you must meet at least one of the five needs listed below. On the enclosed application, please check all needs that apply. Applicants must have at least one need. Substandard housing Cost-burdened (exceed 35% of income) Overcrowded Unsafe neighborhood Subsidized rent from a housing authority Inadequate repairs/unsafe electrical or call

3 Page 1 Thank you for your interest in Habitat for Humanity! By completing this letter of interest, you are taking the first step towards homeownership. Incomplete or inaccurate information will be denied. If you have questions about homeownership or need help completing this request, contact the executive director at: executivedirector@pasadenahabitat.org or call Habitat Pasadena builds houses with individuals in need, regardless of race, color, religion, sex, handicap, familial status, or national origin. All information you provide becomes part of your application file with Habitat. By signing this form, you: (1) authorize Habitat to conduct criminal/civil record checks, (2) authorize Habitat to obtain your credit report, and (3) attest that your application is complete and accurate. Habitat will contact you after receiving your letter of interest. Completed letters may be mailed to or dropped off at: Habitat for Humanity 1520 South Shaver Street, Pasadena. Pasadena, Texas How did you hear about Habitat for Humanity? Have you previously applied for a Habitat home? (YES NO If yes, when? (month & year): Where: PERSONAL INFORMATION Applicant Information NAME: First M.I. Last MAIDEN NAME (provide if applicable): DATE OF BIRTH: / / GENDER: Co-Applicant Information NAME: First M.I. Last MAIDEN NAME (provide if applicable): DATE OF BIRTH: / / GENDER: MARITAL STATUS (circle one): Unmarried Married Separated MARITAL STATUS (circle one): Unmarried Married Separated Permission to run background checks if accepted into the program: SIGNATURE: Date Permission to run background checks is accepted in the program: SIGNATURE: Date Current Address & Phones ADDRESS: (street, apt.) city, state, zip HOME PHONE: ( ) - CELL PHONE: ( ) - WORK PHONE: ( ) - Citizenship Status Are you a US Citizen? YES NO If no, please explain your status. Is your co-applicant a US Citizen? YES NO If no, please explain their status. Additional Family Members How many people will live in your Habitat home? Please list the name, gender, age, date of birth, and social security number for each additional family member who will live in your home. Do not include the applicant & co-applicant who have already been listed. NAME GENDER AGE

4 Income and Employment Page 2 Have you read the income requirements? YES NO Co-Applicant Employment: After reading the income requirements, do you feel that you would qualify for a home if accepted into this program? YES NO MAYBE Applicant Employment: What is the name of your current employer? How long have you been in your current job? Work Phone: Please sign below to give us permission to verify your employment history and salary. What is the name of your current employer? How long have you been in your current job? Work Phone: Please sign below to give us permission to verify your employment history and salary. Need In addition to having verifiable and sufficient income to pay a mortgage, all applicants must also have at least one need. Please check all needs that apply to your current living situation. Substandard housing (circle problems): [Inadequate/unsafe heating] [drafts from doors/windows] [unsafe/unreliable/non-working water supply/sewage disposal] [unreliable/non-working power supply] [unsafe breaker box/fuse box] [unremoveable hazards inside/outside of home] [landlord consistently fails to make repairs] Cost-burdened: Monthly rent payment is 30% or more of your monthly gross income. Over-crowded (circle problems): [child (age 1 or older) and adult share a bedroom] [two children of opposite sexes share a bedroom] [three or more children share a bedroom] Unsafe neighborhood: Violent crimes or drug-related crimes occur in your immediate neighborhood. Habitat will verify these incidents via police reports. Subsidized rent from a housing authority (circle type): [public housing] [Section 8 voucher] [scattered site housing] Rental History Have you ever owned a home? YES NO (Applicants must not have owned a house in the last 3 years) Do you currently own a home? YES NO (Current homeowners are not eligible) Are you currently renting an apartment, house or trailer? YES NO If yes, what name(s) are on your current lease? If yes, how long have you rented at your current place? If yes, what is your monthly rent? (Only include the portion of the rent you pay) Is your rent subsidized? YES NO Do you have a roommate who pays part of the rent? YES NO Address (street, city, state) Owner/Management Company Start date (month/year) End date (month/year) / / / /

5 Credit History Page 3 Do you have a Bank account? YES NO Do you own an automobile? YES NO If Yes, what type of accounts do you have? Checking Savings Other If yes, are you still paying? YES NO What is the name of your Bank Have you or your Co-Applicant had a bad credit repot? Do you have medical insurance? YES NO YES NO Don t Know If YES, please explain. Please sign below to give us permission to request your credit/ criminal history. List any outstanding loans/debts other than car. Willingness to Partner IF you are selected to be part of this program, you must work a minimum of 300 hours for sweat equity. Have you read and do you understand what it means to put in 300 hours of sweat equity? YES NO Are you willing to work a minimum of 300 hours to build a home? YES NO Do you understand that by filling out this letter of interest, that you are not filling out an application, only providing enough information to see if you meet the minimum requirements to complete a full application. YES NO Do you understand that if you are selected to complete an application, you must provide all your financial paperwork, proof of citizenship or current legal resident status, employment records and salary information, tax information, and any other documentation required by the City of Pasadena and Habitat for Humanity to ensure that you qualify for this program, YES NO We are not currently looking for new families, but if you should qualify to proceed to the next step of the program, you will be contacted by Habitat Pasadena for additional information. Print your name on the line to indicate that you have read the entire interest letter and are wanting to have it reviewed for further consideration. PRINT NAME HERE: References Please provide the names and phone numbers of 3 references. (Only 1 may be related to you)