HABITAT FAMILY PARTNERS
How it works
Edisto Habitat builds homes and sells them to qualified applicants at no profit. We do not give away homes!
Homeowners benefit from simple, decent, affordable housing, and the community benefits from an increase in tax revenue.
Edisto Habitat for Humanity builds new construction homes in Orangeburg County and sells them to individuals at a 0% interest mortgage. Habitat for Humanity offers a Homeownership Program to qualified low-to moderate income individuals and families who cannot qualify for a conventional loan. Habitat homes are built simple, decent, and affordable by using volunteer labor to build homes in addition to the interest-free mortgage provided by Habitat.
It is important to know that the Habitat Homeownership Program does not give homes away, and Habitat homes are not free. Habitat homeowners make monthly payments set approximately 28-30% of the buyer/owner's gross income. When a Habitat homeowner makes their monthly payment, it includes the mortgage, property taxes and the homeowner's insurance.
Working with volunteers, families, individuals, corporations, congregations, and donors, we are able to address this important housing issue throughout Orangeburg County. We are dedicated to making homeownership possible for these hardworking families and individuals.
Homeowners benefit from simple, decent, affordable housing, and the community benefits from an increase in tax revenue.
Edisto Habitat for Humanity builds new construction homes in Orangeburg County and sells them to individuals at a 0% interest mortgage. Habitat for Humanity offers a Homeownership Program to qualified low-to moderate income individuals and families who cannot qualify for a conventional loan. Habitat homes are built simple, decent, and affordable by using volunteer labor to build homes in addition to the interest-free mortgage provided by Habitat.
It is important to know that the Habitat Homeownership Program does not give homes away, and Habitat homes are not free. Habitat homeowners make monthly payments set approximately 28-30% of the buyer/owner's gross income. When a Habitat homeowner makes their monthly payment, it includes the mortgage, property taxes and the homeowner's insurance.
Working with volunteers, families, individuals, corporations, congregations, and donors, we are able to address this important housing issue throughout Orangeburg County. We are dedicated to making homeownership possible for these hardworking families and individuals.
Requirements to Qualify for the Homebuyer Program
1. In need of better housing
Based on current housing conditions, there must be a demonstrated need in order to qualify for a Habitat home.
2. Ability to pay
In the Homeownership Program, applicants are applying to purchase a home. Applicants must fall within 30-80% of Orangeburg County's Area Median Income (AMI), based on family size, and have a reliable source of income (employment, SSI, etc.) to pay an affordable, zero interest mortgage.
3. Willingness to partner
Must be willing to complete 250-500 volunteer hours (based on number of homebuyers) building their home, be a community partner, and represent Habitat for Humanity in a positive manner within the community.
We are not a quick fix—it takes up to 2 years from the time you get placed on our waiting list until your house is finished. During the time you are on the waiting list, you must work 350-500 sweat equity (volunteer) hours in The Homestore and at construction sites to show that you are willing to be a partner with Edisto Habitat for Humanity. Friends and family can help you with volunteer hours.
Once your home is complete, the mortgage is a 25 year zero-interest mortgage with monthly payments running between $350 and $400 a month. The monthly payment includes property taxes and a homeowners insurance premium.
Once your home is complete, the mortgage is a 25 year zero-interest mortgage with monthly payments running between $350 and $400 a month. The monthly payment includes property taxes and a homeowners insurance premium.
