August 10, 2022
Habitat for Humanity Williamson-Maury (HFHWM) is accepting Homeownership Program applications August 12 through September 30.
HFHWM invites anyone who does not currently own his or her home and lives or works in Maury County to apply. Complete a Partnership Questionnaire here or stop by the HFHWM office at 109 Noah Drive in Franklin, TN.
Qualified applicants must meet three basic criteria:
First, candidates must have a need for housing – This could be any of several reasons, such as structural or maintenance problems with one’s home or apartment; unhealthy or unsafe living conditions; current residence is too small for the family’s size, or the rent one pays is too much of a cost burden.
Second, candidates must have the ability to pay for a mortgage loan – HFHWM will look at the candidate’s sources of income and employment history to determine if he or she (or the family unit) can make monthly mortgage payments. In addition to stable, reliable income applicants must have a minimum credit score of 500. If all these items are verified, the next steps will be taken.
Last, candidates must demonstrate a willingness to partner – HFHWM is looking for people who desire to change their lives through homeownership! Applicants are required to earn up to 280 hours of “sweat equity” by attending homebuyer education classes, one-on-one budget coaching, and working side-by-side with sponsoring volunteers to build their home!
Once a home is completed, HFHWM sells the home to the partnering family with an affordable mortgage loan. He or she will be responsible for a $500 deposit upon approval and $2,500 in closing costs at the completion of the home build.
HFHWM partners with local businesses, individual citizens, and faith-based and civic organizations to fund and build affordable housing in Williamson and Maury Counties.