Selected partner families are required to pay closing costs at the time of closing.
After purchasing their Habitat Home and moving in, homeowners are expected to make monthly mortgage payments on time and keep the Habitat Home and yard well maintained.
Homeowners are fully responsible for their property and utility bills.
The sale price of a Habitat Home is determined by adding up the land, infrastructure, labor, and material costs.
The monthly mortgage payments depend on the sale price of the home and the estimated costs of the real estate taxes, property insurance, and termite bond.
The length of the mortgage is 30 years.