Home Escambia County Pensacola Habitat for Humanity Celebrates Recent Mortgage Payoffs by Nine Homeowners

Pensacola Habitat for Humanity Celebrates Recent Mortgage Payoffs by Nine Homeowners

Pensacola Habitat For Humanity Holds A Mortgage Shredding Celebration For Nine Homeowners
Image from Pensacola Habitat For Humanity

 

Advertisement

Pensacola Habitat for Humanity strives to make affordable homeownership a reality in our community. Last year, 28 homeowners paid off their mortgages with Pensacola Habitat. Pensacola Habitat recently held a mortgage shredding celebration for nine of those homeowners that paid off their mortgages for homes built by Pensacola Habitat. Pensacola Habitat staff, Homeowners, city officials, board members, and members of our community were all in attendance today to celebrate these amazing homeowners.

Pensacola Habitat For HumanityHoldsAMortgage Shredding Celebration For Nine Homeowners

“No more monthly payments! By eliminating monthly mortgage payments, I can free up that cash flow to put toward other things. For example, I can invest the extra money or save for my child’s college tuition,” stated Bridgette Neely, owner of a home built by Pensacola Habitat in 2012.

Staff members from Pensacola Habitat are extremely familiar with affordable housing practices as the organization is an affordable housing developer and mortgage lender having served more than 1,400 mortgages. Homes built by Pensacola Habitat are sold at fair market value to individuals and families within the Home Buyer Program. Pensacola Habitat provides a subsidy based on the Home Buyer’s affordability to ensure their mortgage payments are below 30% of their monthly income. All the mortgage payments Pensacola Habitat receives each month go into the Fund for Humanity, which they then use to build more houses throughout Escambia and Santa Rosa Counties.

“Our Home Buyer Program gives families and individuals the opportunity and resources to become homeowners. It is wonderful to be able to celebrate these homeowner’s accomplishments knowing that Pensacola Habitat helped them achieve this milestone,” stated Sam Young, CEO of Pensacola Habitat for Humanity.

To learn more about Pensacola Habitat for Humanity and its mission, visit pensacolahabitat.org. For more information regarding the Home Buyer Program, visit apply.pensacolahabitat.org or email info@pensacolahabitat.org.

About Pensacola Habitat for Humanity

Founded in 1981, Pensacola Habitat for Humanity is a non-profit, non-denominational, Christian ministry whose purpose is to improve communities through sustainable partnerships. Having built and renovated over 1,400 homes, Pensacola Habitat seeks new and innovative ways to positively impact the community through various meaningful projects, including their Home Buyer and Community Development, and HUD Certified Housing Counseling Programs. Pensacola Habitat for Humanity offers unique financing opportunities to qualified applicants to provide affordable homeownership in Escambia and Santa Rosa Counties. For more information, visit http://pensacolahabitat.org/.

About Habitat for Humanity International

Driven by the vision that everyone needs a decent place to live, Habitat for Humanity began in 1976 as a grassroots effort on a community farm in southern Georgia. The Christian housing organization has since grown to become a leading global nonprofit working in more than 1,300 communities throughout the U.S. and in more than 70 countries. Families and individuals in need of a hand up partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower. To learn more, visit habitat.org.

About Pensacola Habitat for Humanity ReStore

Our local Habitat for Humanity Restore supports Pensacola Habitat for Humanity’s mission of building homes, communities and hope.  Revenue earned by selling donated furniture, appliances, building materials, and more is reinvested in our community to provide affordable homeownership options to families in Escambia and Santa Rosa counties.  Together we are changing lives right here at home.  For more information, visit pensacolarestore.com.