Program Criteria

Twin Cities Habitat for Humanity’s Financial Coaching Program offers free one-on-one financial coaching to help you budget, pay down debt, understand credit, and save for the future. This gets you financially mortgage ready for our Homeownership Program where you learn the responsibilities of homeownership through Homebuyer Education and Training.


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General Criteria

  • Have lived in Twin Cities seven-county area for at least one consecutive year
  • Cannot have owned a home during the past three years (waived for U.S. military members and veterans)
  • Owners of manufactured homes are eligible 

General Criteria

  • Have lived in Twin Cities seven-county area for at least one consecutive year
  • Cannot have owned a home during the past three years (waived for U.S. military members and veterans)
  • Owners of manufactured homes are eligible 

Financial Criteria*

  • Maintain Annual Gross Income within our income guidelines (see chart below) from initial intake to loan application.
  • Credit score: 620+ preferred
    • Minimum credit score of 580 with financial coaching
    • Options available for those with invisible credit/no credit
  • Collections less than $2,000 unpaid collections; less than $4,000 if all medical collections
  • Less than $1,000 in judgments
  • 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

Financial Criteria*

  • Maintain Annual Gross Income within our income guidelines (see chart below) from initial intake to loan application.
  • Credit score: 620+ preferred
    • Minimum credit score of 580 with financial coaching
    • Options available for those with invisible credit/no credit
  • Collections less than $2,000 unpaid collections; less than $4,000 if all medical collections
  • Less than $1,000 in judgments
  • 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

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

General Criteria

  • Have lived in Twin Cities seven-county area for at least one consecutive year
  • Cannot have owned a home during the past three years (waived for U.S. military members and veterans)
  • Owners of manufactured homes are eligible 

Financial Criteria*

  • Maintain Annual Gross Income within our income guidelines (see chart below) from initial intake to loan application.
  • Credit score: 620+ preferred
    • Minimum credit score of 580 with financial coaching
    • Options available for those with invisible credit/no credit
  • Collections less than $2,000 unpaid collections; less than $4,000 if all medical collections
  • Less than $1,000 in judgments
  • 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

*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.

Habitat for Humanity Income Guidelines 

Income Guidelines

Twin Cities Habitat for Humanity annually updates our Homeownership 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

$56,000

2

$36,949

$64,000

3

$36,949

$72,000

4

$36,949

$80,000

5

$36,949

$86,400

6

$36,949

$92,800

7

$37,200

$99,200

8

$39,600

$105,600

9

$42,000

$112,000

10

$44,400

$118,400

Ready to take the first step?

If you're ready to take the first step toward homeownership with Habitat, please complete our form. 

 

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