This is a great opportunity for first-time homebuyers in Broward County to achieve their dream of homeownership. Please review the following steps to ensure you are prepared to apply:
Step 1: Review Our Program Qualifications
General Requirements:
Must be a first-time homebuyer
Must live and/or work in Broward County for at least a year
Must be a U.S. citizen or legal permanent resident (green card holder)
Financial Requirements:
Show a stable employment history
Have sufficient credit history, with no accounts in collection, no unsatisfied public records, and no bankruptcies within the last three years
Establish a monthly savings account
Total debt-to-income ratio, including a Habitat mortgage payment, must be less than 43%
Step 2: Determine if You’re Ready
If you meet the qualifications and are ready to proceed, you have two options:
Attend a Virtual Information Session:
Learn more about Habitat’s program requirements and next steps for applying.
Complete the Pre-Qualification Questionnaire During Open Enrollment:
Fill out our Pre-Qualification Questionnaire to see if you meet all program requirements. Once submitted, you will receive a notification within two weeks, either inviting you to the Habitat Homebuyer Application Session or providing reasons why you do not qualify.
Step 3: Attend Habitat Homebuyer Program Pre-Application Session
Eligible applicants who pass the Pre-Qualification Questionnaire will be invited to attend a Homebuyer Program meeting. This session includes:
Meeting with volunteers to answer any questions
Step-by-step guidance on completing your submission packet
Receiving your pre-application packet and documents request list
Submission packets will be reviewed to verify income, credit, and background. If the information meets all criteria and guidelines, applicants will move to the next step.
Step 4: Home Visit
Applicants who pass the pre-application review phase will be invited to schedule a Home Visit. This is an important step to assess housing needs. After the Home Visits, an independent Home Selection Committee will make recommendations for final selections into the Homeownership Program.
We encourage you to start preparing your documents and review our qualifications carefully. Open enrollment is your chance to take a significant step towards owning your own home!
2 окт 2024
