---WE ARE ACCEPTING APPLICATIONS FOR HOME OWNERSHIP UNTIL MARCH 31, 2017---
By engaging mostly volunteer labor and using materials that are either donated or purchased thanks to contributions, Habitat for Humanity of Greater Bangor builds new homes and fully renovates older homes for qualified, limited-income partner families. Partner Families help build or renovate their new home and purchase it with a minimal down payment, taking advantage of an affordable mortgage loan.
Need - In order to be considered for a Habitat home you must have a need. For example if your current housing conditions are not adequate or if you are unable to obtain financing through traditional financing then you have a need. If there are issues with your current housing such as water, heat, electrical, other structural issues as well as overcrowding.
Ability to Pay - Since you are purchasing a home with Habitat for Humanity of Greater Bangor you must be able to have the ability to make the monthly payments on the mortgage. These payments will be calculated to include the appropriate taxes and insurance on the property. Please be aware that we do run credit histories on all potential partner families. The decision on a partner family is not entirely based on credit score but we do look to see if you are making your required payments. Based on your family size, your income needs to fall within the 30 - 80% median income for the Bangor Metro Area. See chart on the right to determine whether you meet this criteria.
Willingness to Partner - Once you have become a partner family you will be required to contribute a set number of sweat equity hours which can be broken up between the Habitat ReStore and the construction of your home. You will also be required to take a first time home buyers class.