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Building Community Blog

There are a number of things you need to do before you close on a home. Things like applying for a loan, scheduling a home inspection, and purchasing homeowner’s insurance, just to name a few. To make the process easier to understand, here is a list of nine things you’ll need to do before closing on your new home.

When you’re trying to find the right interest rate for your new home mortgage, you have two choices: Fixed-rate and adjustable-rate interest. 

Your interest rate plays a big role in home affordability. The interest rate is how much the bank gets paid for lending you the money to buy a house, and you pay it back to them on a monthly basis as part of your mortgage payment.

If you're looking to buy a home with an affordable home loan, there are a lot of options available to you. One more well-known option is to get a loan through the Federal Housing Administration, called an FHA loan. We have a blog that dives deep into the pros and cons of FHA loans here.

Want to know how an FHA loan compares to a loan from TCHFH Lending, Inc. (Twin Cities Habitat's wholly-owned mortgage company)? Check out this handy guide to compare these products to determine what's best for you.

Are you interested in buying your first home, but can’t afford a down payment? While traditional mortgages generally require a down payment, there are other options to help you get that dream home. You may qualify for the Twin Cities Habitat Homeownership Program! The program provides education to help buyers prepare for homeownership as well as affordable loan options through TCHFH Lending, Inc. 

For a long time, Twin Cities Habitat for Humanity has been known for building homes in an effort to provide stable housing for local families.

However, Twin Cities Habitat Homeownership Program participants aren’t limited to buying just Habitat-built homes. In fact, we offer two routes to stable, affordable homeownership — Habitat-built or rehabbed homes or using a Habitat mortgage* to find a home on the open real estate market. And by offering an affordable mortgage product* for open market purchases, we can partner with real estate agents to serve a larger population of first-time homebuyers.

The mission of HIRED and Twin Cities Habitat for Humanity are very much aligned. We're both committed to partnering with people to help them unlock their fullest potential. At Habitat, we do that by creating pathways to affordable homeownership. At HIRED, clients can build job skills and access workforce training. It's no surprise that our two nonprofits work together!

Almost everyone has heard of Habitat for Humanity. And that’s awesome! But sometimes we discover misconceptions about what we do, how we work, and who buys homes with Habitat. So, we’ve put together this list to help set the facts straight.

Of course, if you have any questions, we’d love to talk with you. Just give us a call.

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