What are the income and credit requirements for the Homeownership Program?

  • Maintain Annual Gross Income within our income guidelines (click here to view) from initial intake to loan application.

  • Minimum credit score of 580 or insufficient credit (no score).

  • Collections less than $2,000 unpaid collections; less than $4,000 if all medical collections

  • Less than $1,000 in past due debt (judgments and liens) combined Monthly debt payments equal to no more than 18% of gross monthly income

  • Two years since discharged from bankruptcy, one year of new credit, with no late payments or default

  • One-year continuous employment, or two years if self-employed