Habitat hands keys to homeowner in Hot Sulphur Springs
September 21, 2008
Friday’s visit to the mortgage title business was a combination of “initials and signing” together with tears of achievement for Meredith Corder, single mother and Grand County’s sixth Habitat for Humanity home recipient.
Immediately after a “joyful” closing, Corder said she went to Alco and purchased the first item for her new home ” colorful welcome mat.
The next day, Saturday, during a Habitat ceremony that included the handing over of house keys, the mat was placed at the entrance, welcoming scores of volunteers and
Habitat supporters who helped her realize home ownership.
“It’s wonderful,” Corder said. “As a resident of Grand County, it’s nice to own.”
Corder, mother of 12-year-old Jesse, said she doesn’t have lofty decorating plans for the interior, opting to keep walls their flawless white, hang some pictures and be selective about what she brings to the new home from her small rental trailer in Granby.
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She started moving Saturday afternoon.
“I want to start fresh,” she said.
Since the groundbreaking on May 5, 2007, Corder put in more than 200 hours of work on the construction of the Hot Sulphur Springs home, while holding down two restaurant jobs and an East Grand School District lunchroom position. She also completed classes on homeownership and budgeting through Habitat.
In all, the construction of the Corder house took 2,000 hours of volunteer labor among 23 volunteers, according to Habitat’s local Executive Director Joan Boyle. Generous donors provided needed funds, materials and labor throughout the 17-month-plus project.
From Habitat for Humanity, Corder has obtained two mortgages to buy her home, priced much lower than appraised value due to community support as well as various grants. The first Habitat mortgage is a zero interest loan based on income with payments tailored to what the Habitat homebuyer can afford.
The second is a silent Habitat mortgage that makes up the difference between appraised value and the first mortgage. If payments on the first are kept current, payments on the silent mortgage are forgiven for the 20-year life of the loan. Legal agreements keep the house affordable within those 20 years if Corder should decide to sell.
Without Habitat, “she never would have had an opportunity to own a home like this,” said Corder’s mother, Claudia Sale of Parshall. She too logged hours of volunteer time working on her daughter’s home.
“We’re so excited for her,” she said.
During the Dedication ceremony, Corder, who plans to stay on with Habitat to help others down the path of owning, was given three house-warming gifts from Habitat board members and volunteers.
Each was something for the wall, including one framed gift that had an inspirational quote about believing in one’s dreams.
Upon reading it, with Jesse by her side, Corder choked back her tears once again.
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