YOU COULD QUALIFY FOR A NEW HOME WITH $ 500.00 DOWN,
0% INTEREST AND A 20 YEAR MORTAGE!

Application & Prequalifying Form
MS Word | HTML
Print out, fill in and mail to the address below.
If you have any questions at all please call
417- 335-2015.

Mountain Country Homes of Hope Family Selection / Partnership Criteria

Mountain Country Homes of Hope is not a free or give-away program. Families must demonstrate that they have the ability to pay a monthly mortgage, including taxes and insurance (called Escrow), and be able to pay utilities and maintenance on their home. Below are the guidlines that a family must meet in order to qualify for a home through MCHH. If you or your family meet these guidelines, we encourage you to apply.

l. Must be a resident of Taney or Stone County for two (2) consecutive years before applying.
Example: If you moved to the area in June 2005, you will be eligible to apply June 2007.

II. Present housing is inadequate:
Inadequate means: Problems with the structure (holes in walls, roof, floors, poor insulation, etc.). Inadequate water, electrical or sewer systems. Environment is hazardous to health. Also considered is extreme overcrowding based on number of occupants, age and sex of occupants and amount of actual living space.

lll. Income:

1. Applicants must meet the income guidelines stated below which reflect a maximum of 70% of the combined median income for Taney and Stone Counties and not less than 50% of the median income as established by HUD.

2. Mortage must not jeopardize other financial obligations or living expenses.

3. Must make a down payment of $500.00 that can be made in nine (9) monthly installments ( 8 @ $56.00 and 1 @ $52.00). This must be earned income by the family.

4. The applicants(s) must have a source of steady, legal income and show financial stability by having maintained the same job for a minimum of six months before applying.

5. The family must be willing to disclose all financial information with MCHH. Information will not be kept confidential and will only be used in determining the family's fanancial qualifications.

lV. Must be willing to Partner by committing to:

1. Attend Home Ownership classes.

2. Make monthly payments to HCHH for the down payment on your home.

3. Put in "Sweat Equity" hours of which each single applicant family has an obligation to put in 400 hours and 2 applicant families of 450 hours.

a. The family themselves must put in at least 150 (single applicant) or 200 (multiple applicant) hours.

b. 150 hours may be donated by up to five friends or family members not occupying the house. For example: you may choose to have your mother, father, sister and two friends help on the house.

c. 100 hours may be donated by a group that you solicit such as your Sunday school class or church, a group of employees from work, etc.

Mountain Country Homes of Hope accepts applications between February 1 and July 31 of each year.
If you would like more information, please contact the Habitat office at 417-335-2015.