APPLICATION
Homeownership Applications Are Currently Closed.
Income & Affordability Requirements
Area Median Income (AMI): Applicants must generally have a gross household income at or below 60% of the Area Median Income (AMI) for Haywood County, adjusted for household size. AMI limits are established annually by HUD, so the qualifying income amount is different for a household of one person than for a household of four or more. Habitat for Humanity’s current national qualification guidance uses the 60% AMI ceiling.
Debt-to-Income (DTI): Applicants must also demonstrate the ability to afford homeownership. Your projected Habitat housing payment should generally be no more than 30% of gross monthly income, and total monthly debt obligations—including the projected housing payment—should generally be no more than 43% of gross monthly income, subject to final underwriting requirements. Habitat’s national guidance specifically requires the mortgage payment to remain at or below 30% of gross monthly income at closing.
# Living in Home/Max Household Income
Madison Co. 60% Madison Co. 80% Haywood Co. 60% Haywood Co. 80%
1. $33,420 $44,550 $32,760 $43,700
2. $38,160 $50,900 $37,440 $49,950
3. $42,960 $57,250 $42,120 $56,200
4. $47,700 $63,600 $46,800 $62,400
5. $51,540 $68,700 $50,580 $67,400
6. $55,380 $73,800 $54,300 $72,400
7. $59,160 $78,900 $58,080 $77,400
8. $63,000 $84,000 $61,800 $82,400
NOTICE
An application package is submitted to Habitat for Humanity Jackson, TN Area as the first step in qualifying for our homeownership program. It is NOT a loan application. If you are approved for the Habitat homeownership program, you will be required to continue the Homebuying Application and process.
During the processing of your application, additional information may be requested in order to satisfy our family selection guidelines. Any requested information must be provided within 30 days of our written request, or your application will be considered withdrawn. Incomplete applications will not be considered. In the event that an incomplete application is accepted in error, it will not be processed until complete.