Homeownership

Substandard Living Conditions

Your current housing is one of the following:
•Overcrowded
•Substandard
•Unsafe
•Not affordable
•Not handicapped accessible
•You cannot qualify for a traditional mortgage

An affordable mortgage

•Your projected mortgage payment will not exceed 30% of your gross income. You will need to qualify for a mortgage loan, as well as, meet our income and other additional criteria below:
•Not have any unpaid non-medical charge-offs on your credit report.
•No collections or unpaid judgments.
•Pay your rent on time.
•Had stable income for two years.
•Debt obligations (credit cards, car loans, etc.) must be no more than 13% of the applicant's income.
•Stipulations on bankruptcy and foreclosure apply.
•To obtain a free copy of your credit report visit annualcreditreport.com.

And help build your own home.

Sweat Equity is required volunteer hours Future Homeowners obtain through working on homes, at the ReStore, attending classes and one-on-one budgeting meetings.
•You must be willing to complete 350 sweat equity hours.
•Attend Homebuyer Club classes as scheduled.
•Attend one-on-one budgeting meetings.
•Take responsibility for the ongoing maintenance of your home.
•Make your mortgage payments on time each month.