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How does Habitat work? |
Habitat currently builds homes for 1st time home-buyers to purchase. |
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A
$1000 down payment is required from the home-buying family, but this can
be made in payments leading up to the completion of the home. |
The chosen family buys the house from Habitat
at 0% interest. Mortgages are typically for 30 years to ensure that
payments are affordable. Monthly payments currently average around
$375, which includes taxes and insurances. |
All mortgage payments are used to continue the work of Habitat. |
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