Morrison’s Way is a newly renovated three-story townhome in Fairfax, Virginia. The home features three bedrooms, two baths, one car garage and driveway space, and a spacious patio. Features include an updated kitchen with all new appliances and solid surface countertops, and brand new windows and doors, roof, water heater, and HVAC system.
The property is central to Route 50 and I-66 for easy access to all of Northern Virginia. Close to many options for dining, shopping & more including Aldi, Wegmans, and the Fair Oaks Mall. There are four parks centrally located to provide lots of green space and fun. The Fairfax County Public Schools include Fairfax Villa Elementary School, Frost Middle School, and Woodson High School.
Morrison’s Way is an Affordable Home Ownership Opportunity
Habitat DC-NOVA provides a unique opportunity for families to purchase their first home. Our houses are sold below market value to families who qualify for an affordable monthly payment. To become a homeowner, applicants must demonstrate housing need, meet income and credit requirements and have a manageable level of debt. Learn more about the qualifications to purchase the Morrison’s Way home.
Please watch our orientation video to learn more about Habitat DC-NOVA’s homeownership program and qualifications to apply for the Morrison’s Way Townhome.
Eligibility Qualifications
Purchasers must meet all of the following:
First-time homebuyer (having not owned real estate in the last 3 years)
Minimum household size of 3
No household member on the sex offender registry
Primary residency or at least one applicant with full-time employment in DC, Alexandria, Falls Church, Fairfax, Fairfax County, or Arlington County for the last 12 months or more
Total household income falls between 30-80% of Median Family Income (MFI) as defined annually by the U.S. Department of Housing and Urban Development.
FAMILY SIZE
MINI50MUM INCOME (30% OF MFI)
MAXIMUM INCOME (80% OF MFI)
3
$41,780
$111,384
4
$46,400
$123,760
5
$50,150
$133,661
6
$53,850
$143,562
7
$57,540
$153,462
And meet at least one of the following need-based requirements:
Unsafe surrounding environment
Residing in temporary housing
Living in subsidized housing or participating in a housing voucher program
Overcrowding
Rent burden (paying more than 30% of monthly income on rent)
Heating, electrical, plumbing, or structural deficiencies
Ability to Pay:
Purchasers must meet all of the following:
If wages or salary are primary sources of income, a 2-year work history that includes a minimum of 6 months with the current employer and any gaps in employment must be explained
If self-employed, must have 2 years of documented, stable income with the last 6 months in the same line of work
Income can reasonably be expected to continue for 3 years or more
Current credit reports free of unpaid collections, judgments, and liens
Current credit reports must not show bankruptcy in the last 3 years or foreclosures in the last 7 years
Tri-Merge middle credit score of 620+
Qualify for non-subprime or approved alternative third-party financing
Total debt to income ratio, including new housing cost must be less than 43% of your monthly income
Show at least $2000 in current bank statements, no account overdrafts in the last two months, and bank statements or proof of assets not to exceed 10% of the fair market value
Willingness to Partner:
All program participants must complete 200 hours of “sweat equity,” or volunteer work. This may include working on the construction site, attending homeownership and financial literacy classes, and/or volunteering in the office or at special events.
Steps To Buying A Home
1. Review Eligibility Requirements
Please watch the orientation video for additional information about our program and the property.
Contact one of our preferred lenders or a mortgage lender of your choice to get pre-approved for a mortgage. The lender can help you learn more about your financing options, down payment, and grant assistance programs. This is an important first step of the process so that you will have the information you need to decide if this is a good home for you. Mortgage pre-approvals must be submitted by December 20th.
3. Schedule a Showing
Once you have your pre-approval, email mandy.jansen@habitatdcnova.org to schedule a time to see the property.
4. Submit an Offer
After you visit the property and decide that you are interested in moving forward with purchasing, we will assist you in submitting an offer.
Please contact Mandy Jansen at 202-394-0312 (call or text) or email mandy.jansen@habitatdcnova.org and reference Morrison’s Way in the subject line.
In accordance with Federal, State, and Local Fair Lending Laws, Habitat DC-NOVA does not maintain a waiting list of applicants and does not discriminate on the basis of race, color, national origin, religion, sex, disability, familial status, elderliness, source of funds, sexual orientation, gender identity, military status or marital status. The number of applicant households approved for Habitat DC-NOVA home ownership is driven by the availability of developed properties.
