• Own your own home.

    Homeownership 2

Homeownership

Asheville Area Habitat for Humanity builds and finances 2, 3, and 4-bedroom homes and townhomes. Qualified homeowners pay an affordable monthly mortgage that is equal to or less than 30% of their gross monthly income.

Are you 55+ years old and interested in buying a Habitat home?

Please visit our page about Aging in Place, Habitat’s new affordable homeownership program specifically for aging adults (55+).

Aging in Place

Qualifications for Homeownership

Residency:

  • Must have lived and/or worked in Buncombe County for a minimum of 12 months prior to application.
  • Applicants must be legal U.S. residents.

Need:

  • Living in overcrowded housing.
  • Living in substandard housing.
  • Paying more than 30% of gross income on rent.
  • Living in temporary, subsidized, or public housing.

Willingness to Partner

  • Each applicant who will be listed on the deed must be willing to perform 200 hours of Sweat Equity.
  • Applicants must be willing to complete a Homebuyer Education program.
  • Appropriate accommodations can be made for families with physical limitations in accordance with the Americans with Disabilities Act (ADA).

Homeownership Qualifications continued

Ability to Pay

  • Rental History: must have paid rent on-time for 12 months prior to applying.
  • Delinquent Debt: No more than $1,500 in total balances at the time of application.
  • Medical Collections less than three years old: No more than $2,500.
  • Revolving Debt (ie: credit card debt): No more than $2,500 in total balances at the time of application, excluding student loan or automobile loan debt.
  • Bankruptcy: Must wait two years after being discharged.
  • Income: must be stable and fall between 40% – 80% of Housing and Urban Development’s (HUD) Area Median Income. See chart below.

Note: You cannot qualify for Habitat homeownership if you own a home at the time of application.

Income Requirements (subject to change)

  • House Size
  • 2 BDRM, 1 person
  • 2 BDRM, 2person
  • 2 BDRM, 3 person
  • 3 BDRM, 3 person
  • 3 BDRM, 4 person
  • 4 BDRM, 4 person
  • 4 BDRM, 5 person
  • 4 BDRM, 6 person
  • 4 BDRM, 7 person
  • 4 BDRM, 8 person
  • Monthly Minimum
  • $1,753
  • $2,003
  • $2,253
  • $2,253
  • $2,503
  • $2,503
  • $2,706
  • $2,906
  • $3,106
  • $3,306
  • Monthly Maximum
  • $3,508
  • $4,008
  • $4,508
  • $4,508
  • $5,008
  • $5,008
  • $5,412
  • $5,812
  • $6,212
  • $6,612

*Gross income before taxes

Habitat will determine your house size based on your household size.

Tour a Habitat Townhome

Thank you to Preferred Properties for generously donating this 3D house tour!

How to Get Started

Due to the overwhelming response to our program, we are not accepting applications at this time. If you would like to apply for Habitat Homeownership, you must complete the information session registration below or call 828-210-9371 to register by phone. By registering, you will be added to our HO Mailing List and notified when it’s time to apply.

If you have additional questions about the program or application process please contact apply@ashevillehabitat.org or 828-210-9371.

Information Sessions

Online Homeownership Information Session

Want to learn more about becoming a Habitat Homeowner? Fill out the form below and you will be given access to our online Homeowner Information Session. This will further explain the qualifications and the application process. By registering, you will be automatically be added to our HO Mailing List and notified when it’s time to apply. If you would like to view this informational video without being added to the list, simply leave the form blank and click submit. *Viewing the information session is not a condition of eligibility.
  • Name
  • Address

  • Household size

In accepting and rejecting applications, Asheville Area Habitat for Humanity must conform to all aspects of the Fair Housing Act and all Fair Housing Laws, the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Privacy Act, the Americans with Disabilities Act, as well as any local applicable laws as they apply to applications for a mortgage.