You're eligible to participate in our Financial Coaching program if you meet the following criteria:

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General Criteria for Our Programs

  • Have lived in Twin Cities seven-county metro area for the last 12 months 
  • Cannot have owned a home during the past three years (waived for U.S. military members and veterans)
  • Owners of manufactured homes are eligible
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Financial Coaching Program Financial Criteria

  • Income: Maintain annual gross income guidelines (see chart below).
  • Credit score: 580+
    • Options available for those with invisible credit/no credit
  • The monthly Debt-to-income ratio is less than 18%  
    • 0.5% of student loans in deferment or forbearance will be counted in the monthly debt payments. Ex: if you owe $40,000 in student loans, $200 will be counted in monthly debt payments
  • Collections: Less than $2,000 in non-medical collections; less than $4,000 if all collections are medical 
  • Judgments: Less than $1,000 in judgments
  • Savings: No minimum savings requirement
  • Employment: One-year continuous employment, or two years if self-employed
  • Bankruptcy: Two years since discharged from bankruptcy, 12 months of new credit, with no late payments or default
  • Foreclosure/Short Sale History: Minimum of three years since a foreclosure or short sale
Interested in our Homeownership Program instead? Click here >>

*Habitat mortgages are provided through our subsidiary, TCHFH Lending, Inc. Click here to learn more about the requirements that need to be met to qualify for a TCHFH Lending, Inc. mortgage. Qualifying for the Homeownership Program does not mean you will necessarily qualify for a mortgage through TCHFH Lending, Inc. If you are determined to be "mortgage-ready", you would go through a mortgage pre-approval process with TCHFH Lending, Inc.

Habitat for Humanity Income Guidelines 

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Twin Cities Habitat for Humanity annually updates our Financial Coaching Program income requirements based on area market conditions. We reserve the right to revise these guidelines at any time.

*Habitat mortgages are provided through our subsidiary, TCHFH Lending, Inc. Click here to learn more about the requirements that need to be met to qualify for a TCHFH Lending, Inc. mortgage.

Family Size

Minimum Yearly Gross Income

Maximum Yearly Gross Income

1

$36,949

 $62,600

2

$36,949

 $71,550

3

$36,949

 $80,500

4

$36,949

 $89,400

5

$36,949

 $96,600

6

$38,889

 $103,750

7

 $41,571 $110,900

8

 $44,253 $118,050

9

 $46,935 $125,150

10

 $49,617 $132,300
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Ready to take the first step?

If you're ready to take the first step into the Financial Coaching Program, please complete our form.

 

GET STARTED
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Not ready for our program?

Work with one of our referral partners to prepare for Habitat homeownership!

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Twin Cities Habitat for Humanity is an Equal Opportunity housing agency and Equal Opportunity Affirmative Action employer.

TCHFH Lending, Inc. is an Equal Housing Lender.

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