Eligibility and Partnership Process with Housing Opportunities Made Equal
Your household will be considered for a partnership if your total gross monthly income (before taxes) falls within the specified minimum and maximum limits outlined above.
As a prospective homeowner purchasing a property through H.O.M.E., you must demonstrate your financial ability to manage the monthly mortgage payment. This payment includes not only the principal mortgage but also real estate taxes and homeowners insurance. To ensure eligibility, applicants must have satisfactory credit, a solid history of timely debt payments, and must not have declared bankruptcy within the past three years.
While meeting the specified income requirements is essential, other factors will also influence a household's ability to afford a home through H.O.M.E. For instance, the number of bedrooms needed, the house size, and the inclusion of a garage can impact the overall mortgage cost. A dedicated volunteer from a special committee will guide applicants through understanding how these variables affect their specific situation.
Households selected as H.O.M.E. partners will be required to participate in homeowner education and budgeting classes. Additionally, they will have monthly meetings with their Family Support Advocate to review and manage their budget effectively.
Partnering with H.O.M.E. offers a distinctive opportunity. We collaborate with hardworking, low-income families and the community to construct homes. These homes are then sold at no profit, with affordable mortgages, to families we have equipped for successful homeownership.
For further details or to download an application, click the link provided. Should you have any questions or need assistance, feel free to contact us—we’re here to help!
Your household will be considered for a partnership if your total gross monthly income (before taxes) falls within the specified minimum and maximum limits outlined above.
As a prospective homeowner purchasing a property through H.O.M.E., you must demonstrate your financial ability to manage the monthly mortgage payment. This payment includes not only the principal mortgage but also real estate taxes and homeowners insurance. To ensure eligibility, applicants must have satisfactory credit, a solid history of timely debt payments, and must not have declared bankruptcy within the past three years.
While meeting the specified income requirements is essential, other factors will also influence a household's ability to afford a home through H.O.M.E. For instance, the number of bedrooms needed, the house size, and the inclusion of a garage can impact the overall mortgage cost. A dedicated volunteer from a special committee will guide applicants through understanding how these variables affect their specific situation.
Households selected as H.O.M.E. partners will be required to participate in homeowner education and budgeting classes. Additionally, they will have monthly meetings with their Family Support Advocate to review and manage their budget effectively.
Partnering with H.O.M.E. offers a distinctive opportunity. We collaborate with hardworking, low-income families and the community to construct homes. These homes are then sold at no profit, with affordable mortgages, to families we have equipped for successful homeownership.
For further details or to download an application, click the link provided. Should you have any questions or need assistance, feel free to contact us—we’re here to help!
To download an application, click on this link. We are happy to help or answer any questions--just give us a call!
