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The Habitat Homeownership Program

Decent, affordable housing plays a key role in a family’s education, health, wealth and well-being. However, not every household has the same opportunities to succeed. Habitat gives families a helping hand as they work hard to realize their dream of homeownership.

Application Info

Our Habitat affiliate offers an annual application opportunity for the Homeownership program. The next application round will be open from October 1-31, 2024.

Interested in applying? Follow the steps below:

Step 1: Watch the video “Are you ready for homeownership?”

Step 2: Attend a public information meeting at the library!

At each information meeting, Habitat staff will review the current eligibility criteria, application process, construction locations and timelines, and eligibility screening tools. Staff and committee members will be available to interact with applicants and answer questions.

Meetings are free and open to the public, but registration is required if you wish to reserve a spot and receive reminder notifications. All applicants are encouraged to attend, even those who have applied in the past. Household members 14 and older are welcome.

Information Meeting Options:
• Thursday, August 1 @ 12 p.m.
• Thursday, August 1 @ 5 p.m.
• Friday, August 30 @ 12 p.m.
• Friday, August 30 @ 3 p.m.

Information Meeting Location:
Siouxland Library, Downtown Sioux Falls (Meeting Rooms A & B) – 200 N. Dakota Ave.

Register for Information Meeting Register for Information Meeting
Watch — Are you ready for homeownership?

Basic Qualifications

Residency

Applicants must be a U.S. citizen or permanent legal resident.

Eligibility

Applicants must be living or working within the Greater Sioux Falls area (Minnehaha, Lincoln or Turner County) for the past 12 months (11/1/2023-10/31/2024).

Meet Guidelines

Applicants must meet all income, credit and debt guidelines.

Availability

Applicants must have availability to complete construction sweat equity and homebuyer education.

Selection Criteria

Income

From initial application to loan closing, applicant(s) must maintain an annual gross income that meets the minimum income requirement.

Credit Score

Applicant(s) with established credit must have a minimum score of 580. For applicant(s) with no credit or invisible credit, they must provide at least three sources of verifiable 12-month payment history. This can include rent, utilities and other payments you make monthly.

Debt-to-Income

Monthly debt obligations (total of minimum monthly payments) cannot be more than 15% of the applicant’s gross monthly income.

For student loan debt in deferment or forbearance, 0.5% of the loan balance will be counted toward monthly debt. Example: $50,000 loan balance = $250 monthly debt payment.

Derogatory Debt

The applicant’s outstanding debt in collections, judgments or county aid liens cannot exceed $3,000 total, and all derogatory debt must be paid in full before home purchase.

Savings

The applicant(s) must be able and willing to save at least $2,000 to cover closing costs.

Bankruptcy

The applicant(s) must have a minimum of 2 years since bankruptcy discharge, with good payment history since bankruptcy discharge.

Communication

Applicant(s) must be willing to notify Habitat of any changes to the household size or any changes to employment, income or debt that occur during the housing and loan application processes.

Sweat Equity

Applicant(s) must be willing to earn 300 hours of sweat equity as a household before becoming eligible to purchase a home. Friends, family and community members can donate hours up to a certain amount to help you achieve this goal. Reasonable accommodations or modifications for ADA are handled on a case-by-case basis.

Education

Applicant(s) must be willing to attend required homebuyer education classes.

Home Acceptance

Applicant(s) must be willing to accept the neighborhood and lot assignment that is offered to them by Habitat. The budget, floor plan, building materials and style of the home are determined by Habitat. Reasonable accommodations or modifications for ADA are handled on a case-by-case basis.

Responsibility

Applicant(s) must be willing to make monthly mortgage payments and be responsible for all home maintenance and repairs after the home purchase.

Income

The applicant’s income and household’s income must fall within Habitat’s current income guidelines listed below.

Housing Need

There must be a housing need. For example, the current housing is unaffordable, subsidized, inadequate, unsafe, crowded or temporary, or the applicants cannot qualify for an adequate mortgage loan through a financial institution.

Income Guidelines

2024 Income Guidelines for Homeownership Program

For households larger than 8 people, contact Habitat for income limits.

Household Size 1 2 3 4 5 6 7 8
Minimum Income for Applicants 29,600 33,800 38,050 42,250 45,650 49,050 52,400 55,800
Maximum Income for Household 51,750 59,100 66,500 73,900 79,850 85,750 91,650 97,550
 
Watch — Checking Your Credit Report

Need help evaluating your income, credit or debt?

The calculator tools below can calculate your income and determine if your monthly debt exceeds 15% of your monthly income.

You can request a free copy of your credit report every 12 months from each credit reporting company. To order your free credit report, visit annualcreditreport.com or call 1 (877) 322-8228. For more information, watch the “Checking Your Credit Report” video.

If you have unpaid judgments or county aid liens, they will not show up on your credit report, but Habitat still includes the balance of judgments and county aid liens in your derogatory debt calculations. See below to learn how to do a search for unpaid judgments or liens against you.

Benefits of Habitat Homeownership

Benefits of Habitat Homeownership

In addition to our housing affordability, we equip homeowners for success with training and support throughout the entire partnership.

  • Own your home
  • Energy efficient
  • New appliances
  • Low closing costs
  • Affordable house payment
  • Buyer education and training
Learn More Learn More
2025 Home Locations
Millard Acres

Millard Acres offers 2-bedroom and 4-bedroom twin homes. Watch a video tour of the 4-bedroom home.

Granite Valley

Granite Valley offers single-family lots where we are building 4-bedroom homes in partnership with CTE Academy, Southeast Technical College and Harrisburg High School CTE.

We will be building homes in Millard Acres and Granite Valley for the 2025-2026 construction season. Additional openings in other neighborhoods may become available if other properties are acquired. We are continually looking for affordable land and potential rehab homes to purchase, so we can serve more families within our geographical service area of Minnehaha, Lincoln, and Turner counties.

2025 Neighborhoods 2025 Neighborhoods

Frequently Asked Questions

Habitat is the builder, the seller and the lender for the real estate transaction. The homes are built or rehabilitated with a combination of skilled labor and volunteer labor, under the supervision of Habitat staff. All homes are sold for current appraised value. Habitat cannot reduce the sales price, but loan types and/or loan terms can be adjusted to achieve affordability for the buyer(s).

Habitat for Humanity of Greater Sioux Falls serves Minnehaha, Lincoln and Turner counties. Each construction season is unique, as we can only build where we own land. Lot assignments are made solely by Habitat, based on the available inventory and secured funding. Homes are designed to meet the construction standards set by Habitat International and local building codes. In order to keep homes affordable to build and to purchase, construction options are limited. There is no guarantee of a particular home location, style or size. Habitat purchases all the building materials, and no upgrades are allowed. Reasonable modifications or accommodations for special circumstances are handled on a case-by-case basis. Habitat is not a custom builder, which means we do not design homes based on the preferences or budget of the homebuyer partner. Habitat matches you to a home that meets your current needs.

Our Habitat affiliate holds an annual application opportunity that is open for one month. The next application round will be in October 2024.

View our list of documents to collect for the application process.

Use our missing tax record guide to help you request copies from the IRS.

If Habitat is not the right fit for you, or you do not meet our general eligibility criteria, check out our other community resources list. There are many resources and programs available within the Greater Sioux Falls area to help you find your way into affordable housing. Our short list is not exhaustive, but it provides some next steps and options for you to consider.

If you have any questions, please contact Lisa, our homeowner services coordinator at apply@siouxfallshabitat.org or (605) 274-6290.

equal housing opportunity logo

Habitat for Humanity of Greater Sioux Falls is an Equal Opportunity housing agency. All qualified applicants will receive consideration for our programs without regard to race, color, religion, national orientation, sex, disability and familial status.

Homeownership Program Information Meeting Registration

Name(Required)
Email(Required)
Address(Required)
Which session do you plan to attend?(Required)
Have you applied for Habitat for Humanity of Greater Sioux Falls' Homeownership program in the past?(Required)
Are you attending the information meeting because you are preparing to apply in October 2024?(Required)
Are you attending the information meeting because you are assisting someone else who may want to apply this year?(Required)
Do you want our staff to sign you up for Habitat for Humanity of Greater Sioux Falls' monthly electronic newsletter, so you can stay informed of upcoming events and opportunities?(Required)
How did you hear about the Habitat Homeownership program? (Check all that apply)(Required)