How much does a Habitat home cost?
Habitat houses are sold for what they cost to build. The actual dollar amount varies depending on the specific project. Homeowners pay a 1% down payment based on the cost of the house, and are sold with a 20 to 30-year no-interest mortgage. Payments to Habitat average between $700 and $1,000 per month (Mortgage loan amount + Real Estate taxes + Homeowner Insurance). As homeowners make their mortgage payments, the money is reinvested to build or rehabilitate houses for future Habitat families.
