Overview
Kalamazoo Valley Habitat for Humanity offers a hand up, not a hand out, to low-income families who seek affordable homeownership. We build simple, decent, affordable homes in partnership with our home buyer families and thousands of volunteers. We sell these homes to qualified home buyers and provide a no-interest mortgage. We make no profit from the sale of our homes. Since 1983, KVHH has helped more than 178 families build and buy homes.
Financing Basics
Habitat for Humanity offers approved applicants 0% financing on their home mortgage. A down payment of $700 is required at closing on the home. Monthly payments (including property taxes and insurance) on a 30-year, 0% interest mortgage currently average between $450 and $550. Property tax rates and insurance premiums will vary for each home and homeowner. Mortgage principal payments are recycled to build more Habitat homes.
Homeownership is a significant, long-term financial commitment with many rewards and benefits and offers security and stability to families who are financially responsible. Home buyers enter into a legal contract with KVHH and all Habitat homeowners to faithfully repay their mortgage and support construction of more Habitat homes in the community.
All applicants will be considered without regard to race, color, national origin, ethnic or religous background, age, gender, marital status, sexual orientation, height, weight or disability.