Homeowner FAQ

  1. Why do I have to make an $850+ mortgage payment?
  2. Can I choose where I want to live?
  3. How long will it take me to move into my new home?
  4. How can I sign up for the Washington State Finance Commission 1st Time Homebuyer class?
  5. 5. Do I have to live or work in Pierce County?
  1. Why do I have to make an $850+ mortgage payment?

    Because of the current appraisal value of our homes, mortgage payments will be at least $850. As the housing market steadily improves, this payment will most likely increase. At Habitat for Humanity we like to keep your housing costs to roughly 30% of your monthly income. Please note that you will be securing your mortgage (with a fixed interest rate) through a lending institution – please sign up for an orientation session at Habitat for Humanity to learn more about homeownership through our program.

  2. Can I choose where I want to live?

    Habitat for Humanity will process your application and match you with a development based on the information you provide. Often our house match is dependent on the price of the home in a given neighborhood, your ability to pay the mortgage that is required for that property, the amount of down payment assistance available, your location preference/house availability, and your household’s annual income.

  3. How long will it take me to move into my new home?

    If your application is approved by the Board of Directors, it could take 3 months, or longer, to move in. Move in dates are determined by our build schedule, construction delays, and the completion of the home sale process and paperwork to include you, your selected lender, and Habitat for Humanity.

  4. How can I sign up for the Washington State Finance Commission 1st Time Homebuyer class?

    Classes are offered on various days of the week, times, and languages. Please visit the WSHFC website: http://wshfc.org/buyers/scheduleBYDATE.htm

  5. 5. Do I have to live or work in Pierce County?

    Yes; at least one of the applicants must have lived and/or worked in Pierce County for the last 12 months.