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The Habitat Homebuying Journey

Kaitlyn Dormer
Posted by Kaitlyn Dormer on 12:05 PM on February 1, 2018

Are you interested in buying with Habitat, but not sure how the homeownership program works? Here’s a step-by-step guide to understanding the Habitat homebuyer journey.

To get this process started, first you submit this intake form. The form will determine your initial eligibility for our program. The steps below explain what you can expect after that.

1. Introduction and Application

Attend an orientation session to learn about buying with Habitat. Once you do, you’ll receive an application to the homeownership program.

2. Mortgage ready

Achieve mortgage readiness with a financial coach
If your application is accepted, you'll be paired with a financial coach. Your financial coach will work with you to set goals and build a plan to become mortgage ready. If you are already mortgage ready, your coach will work with you to choose a homebuying path.
 

3. Choose a homebuying path

Based on your household income, you may be eligible to buy a Habitat home OR buy a home on the open market.

Buy a Habitat home
Buy a Habitat home

Habitat builds and renovates homes in the seven-county metro area. If you choose to buy a Habitat home, you will take the following steps:

Habitat’s home selection process

Homes available for purchase are viewed monthly.

Homebuyer education and required volunteer hours

Learn about homeownership through our education courses. When you select a Habitat home to purchase, you’re required to complete volunteer hours on Habitat home builds. 

 - OR - 
Buy a home on the open market
Buy a home on the open market with a realtor
Work with a realtor to find a home for sale in the seven-county metro area. If you choose to buy a home on the open market, you will take the following steps:
Homebuyer education
Learn about homeownership through our education courses. 
Get pre-approved with TCHFH Lending, Inc. (our subsidiary lending business)
Pre-approval letters indicate what homes you can afford. 
Search for homes with a realtor
Work with a realtor you choose or Habitat can provide a list of realtors familiar with Habitat. 

 

4. Submit a loan application

Submit a loan application to TCHFH Lending, Inc.
Once you find a home to purchase, then you apply for a mortgage through TCHFH Lending, Inc. (our subsidiary lending business).

 

5. Close on your home

Close on your new home
Complete the home closing process and get the keys to your new home!

 

We know the homebuying journey can be overwhelming. That’s why we’ll work with you each step of the way. You’ll gain the tools you need to achieve your goals and become a successful homeowner.

Click below to find out more about our homeownership program:explore habitat homeownership

Tags: Homeownership Program

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