Looking to own a home?
Applications to the Homeownership Program will be accepted October 1st - 31st 2024. Applications are now available to complete using our online application portal. Click the button below to apply now.
All applications and supporting documents must be submitted in their entirety online by 5 PM on October 31, 2024. Incomplete applications on close of business on October 31, 2024, will result in an automatic denial.
A completed application includes:
Application filled out in its entirety.
All requested supporting documents uploaded to the application portal. Including the Certificate of Completion for Homeowner Information Course (required for all applicants and co-applicants) and the Signed Credit Authorization Form.
Please review the Homeownership Program qualifications and process information detailed below. A detailed description of the program and its criteria will be explained in the virtual Homeowner Information Course required for a completed application. For additional questions, please email Amanda Baulig at abaulig@loudounhabitat.org
Qualifications
| Family Size | Minimum Income | Maximum Income *May be lower depending upon funding source |
| 1 | $32,500 | $85,625 |
| 2 | $37,150 | $97,812.50 |
| 3 | $41,800 | $110,062.50 |
| 4 | $46,400 | $122,250 |
| 5 | $50,150 | $132,062.50 |
| 6 | $53,850 | $141,812.50 |
| 7 | $57,550 | $151,625 |
| 8 | $61,250 | $161,375 |
*Maximum income amount is dependent upon federal funding sources for individual homes and may be lower in certain instances.
Please note that not everyone who meets financial qualifications for the program will be approved. Anticipated home inventory and funding sources are considered.
Ability to pay is the criterion that requires Loudoun Habitat for Humanity to perform due diligence on the applicant’s creditworthiness to ensure that he or she can afford to pay the mortgage, other property costs and normal living expenses. Threfore, approved Partner Families to the Homeownership Program must have:
2 years of continuous employment history.
Have a minimum credit score of 620 and agree to the greatest extent possible, not to incur any new debt.
Have not had a foreclosure or bankruptcy within the last 4 years.
Meet the minimum income requirements and not exceed the maximum income for the program year.
Have a debt-to-income ratio below 43%.
Have stable and sufficient income capable of paying housing costs at 30% of gross income.
Have a minimum of $1,500 saved and agree to continue saving for the costs associated with purchasing and owning a home.
Judgements and liens on a credit report must be satisfied before an application can be approved.
Process
Click below to see more information about each phase in the process to homeownership. The process from applicant to homeowner typically takes 12 to 24 months.
Other Important Information
Housing Details
LHFH homes are located in Loudoun County and may be in any part of the county. The LHFH home inventory is limited based on the availability of affordable homes, land, and other factors. LHFH builds new homes or rehabilitates existing properties which may be single family homes, townhouses, or condominiums. Future LHFH homeowners will be offered appropriate homes based on the size of the household as listed on the application. Applicants to the program should be open to living anywhere in Loudoun County.
Mortgage Financing
The sales price at which LHFH will sell a home is determined by an independent appraisal of the property. LHFH partners with various banks and lending institutions to finance our homebuyers affordable mortgages, which typically are 30 years in lenght.
Anticipated Future Homeowner Costs
Applications approved as future Loudoun Habtiat homeowners must provide a $500 good faith deposit payment within 30 days of signing a homeowner agreement. The good faith deposit will be credited toward settlement costs at the time of purchasing a home. This payment is refundable if you fail to meet the requirements of the program or if your personal circumstances change and you need to withdraw your agreement.
All Loudoun Habitat future homeowner families are responsible for the payment of closing costs at the time the house is purchased. Closing costs are usually, but not limited to, $7,000 to $12,000.
Single or Dual Applicants
This application is a special credit mortgage application. Married applicants must apply together. This means that both parties must meet the application requirements (including residency and income requirements). Single applicants may apply alone or with another adult, understanding that an application submitted with another adult (related or unrelated) is a mortgage application and both parties must meet the program requirements, including residency and income requirements, and commitment that a home purchased will be the primary residence for both mortgage signers.
Disclaimer: By providing my phone number to Loudoun Habitat for Humanity, I agree and acknowledge that Loudoun Habitat for Humanity may send text messages to my wireless phone number for any purpose. Message and data rates apply. You may be contacted about your application and you will be able to opt-out by replying “STOP”. If you prefer to be contacted by another means of communication, you may note that on your application. For more information on how your data will be handled, please see our privacy policy below:
Privacy Policy: No mobile information will be shared with third parties or affiliates for marketing or promotional purposes. All the above categories exclude text messaging originator opt-in data and consent; this information will not be shared with any third parties.