Habitat homes are sold at no profit with an affordable mortgage to qualified home buyers. Homes are built to accommodate families of all types and sizes.
At the time of sale, monthly mortgage payments will be no more than 30% of the household’s gross monthly income. With each mortgage payment Habitat homeowners are directly investing in their family’s future.
The selection of families to purchase homes from Energy Capital Habitat for Humanity is done by a Family Selection Committee in a way that does not discriminate because of race, color, religion, sex, handicap, familial status, sexual orientation, age, gender identity or national origin. Habitat will not discriminate if all or part of an applicant’s income is derived from public assistance programs.
If you are interested in a Habitat Home, please fill out our pre-application form below. If you have questions, please check the Homeownership FAQ.
Applications are typically accepted each January. To stay updated on application cycles, complete the Habitat Pre-Application.
Individuals are selected for Habitat’s homeownership program if they meet three main criteria:
- ability to repay an affordable mortgage
- current housing need
- willingness to partner with our organization
In order to determine if an individual meets these criteria, an application must be completed and submitted to Habitat during an open application cycle.
Habitat sells houses for market value, which cannot be determined until the house is complete. Home prices vary depending on location, size, and housing market conditions.
Regardless of the sale price of the home, Habitat is committed to keeping housing payments affordable. Habitat homeowners mortgage payments will be set at 30% of their household gross monthly income at the time of sale. This monthly amount will include the mortgage payment, homeowners’ insurance, property taxes and any HOA dues (if applicable).
The process of building and purchasing a Habitat home takes anywhere from nine to twelve months from the time that an applicant is approved to participate in the program. For this reason, Energy Capital Habitat for Humanity cannot address immediate or emergency housing concerns.
Energy Capital Habitat for Humanity builds homes for families that make between 30% and 60% of the area median income.
In Campbell County, that looks like this:
We all have some debt such as an auto loan, credit cards, or a student loan. All of these may negatively affect your credit score.
Energy Capital Habitat will pull a credit history in order to review any accumulated debt and how you have handled payments in the past.
It may be determined that your debt load will impede your ability to to take on more debt – a mortgage.
The Wyoming Community Development Authority requires a credit score of at least 620 to qualify for their no-interest home loans.
Habitat mortgages will be paid back between twenty and thirty years. The length of the loan is dependent on the sales price of the home and the household’s income at the time of sale.
Anyone who meets the main criteria (ability to repay an affordable mortgage, current housing need, willingness to partner with our organization) is eligible for a Habitat home, whether they are single, married, or have children.
Habitat builds stick-built single family homes from an assortment of standard floor plans available for each family to choose from, dependent on their needs.
The partner family has some flexibility choosing paint colors, flooring, etc., but the basic construction of the house is not customized beyond number of rooms and bathrooms.
Partner families requiring specific mobility needs, such as handrails, ramps, widened doorways, etc., will be accommodated.
Energy Capital Habitat currently builds homes in Gillette on properties that it already owns.
Each application cycle, the location of homes available will be announced. If an individual chooses to apply during an application cycle, they are applying for a home that is available in that specific application cycle.
Home locations cannot be traded once an applicant has started the program.
A bedroom guideline is used to determine the house size received by each household. No more than two individuals will share a bedroom, typically separated by gender or age in the case of children. Homes are not built with “guest” bedrooms. They are built to accommodate current family size.
If applicants can demonstrate that they meet all criteria, but there are more applicants than home slots available, applicants are prioritized based on their need for housing. If an applicant is denied because there are not enough homes available, the applicant is welcome to apply in the future. Habitat cannot keep a wait list.
Applicants are welcome to apply as many times as they would like. If an application is denied, the applicant will be offered guidance on what items could be corrected for a stronger application in the future.
Energy Capital Habitat uses a variety of methods to ensure that all homes are kept affordable for home buyers. Habitat works diligently to create partnerships with corporations, faith entities, government, and individuals to raise funds for each home built. Habitat uses a combination of staff and volunteer labor to help construct the home. Habitat seeks grant funding to help subsidize mortgage costs.
Yes. Habitat for Humanity is a Christian non-profit organization.
Exodus 22:25 states: “If you lend money to any of my people who is poor among you, you shall not be to him as a lender, neither shall you charge him interest.”
Habitat homes can be sold. Like any home, there are times when it is more advantageous and times when it is less advantageous to sell the home. Typically, the longer a homeowner stays in the Habitat home, the better the outcome of selling the home.
Habitat homes will be sold with a Right to Repurchase and Shared Appreciation Agreement. This means that the owner must offer Habitat the right to repurchase the home before it can be sold on the open market.
A Shared Appreciation agreement gives Habitat shared equity in the appreciated value of the home. This agreement allows Habitat to be a faithful steward of the time and money donated to ensure that Habitat homes stay affordable.
No. The owner must be the primary occupant for the life of the loan.
Please note that this interest form is not an application for a Habitat home, but provides Habitat with your contact information so that you can be notified the next time applications are being accepted.
Please be advised that Habitat does not provide temporary or emergency housing. On average, it takes a year from the time an applicant is accepted to the program to the time the applicant moves in to their home. During this time the home is being built and the homebuyer is completing sweat equity hours.