Application Requirements
- Complete Twin Cities Habitat for Humanity’s Homeownership Program
- Meet our Income Eligibility Guidelines
- Be a first-time Homebuyer (haven’t owned a home in the past three years; owners of manufactured homes are eligible)
- Currently live in the 7-county metro area
- Purchase a primary residence
Underwriting Requirements for Approval
- Preferred credit score of 620 – Credit scores between 580-620 or invisible/no credit acceptable with alternative credit documentation
- $6,300 in savings
- Total monthly debt payments no more than 13-15% of gross monthly income
- No outstanding liens or judgments
- Minimum of one year at current job, two years if self-employed
- Minimum of two years since bankruptcy, with 24 months of re-established credit
- Minimum of three years since foreclosure or short sale
- Maximum of $1,000 in outstanding collections ($3,000 maximum if medical collections)
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