Sltan and Gebregiorgis
Ethiopian immigrants helping build an American Dream for their children.Read More
Twin Cities Habitat works in partnership with families, volunteers, donors and communities to build homes and provide affordable interest-bearing mortgages to low and moderate-income families with the dream of homeownership. Together with Habitat, through financial coaching, homebuyer training and sweat equity, your family can pursue this dream. Twin Cities Habitat offers the opportunity for you to buy a Habitat-built home or a home of your choosing on the open market. We’ll work with you to determine what’s affordable to you and assist you in the buying process, which is outlined below.
Families that are interested in applying for the Habitat Homeownership Program have two pathways to enter the program.
The second path is to work with one of Habitat’s referral partners. Referral organizations can introduce families to services in their community, while still accessing the Habitat mortgage. Each partner offers their own pre-purchase services, homeownership resources, and education courses.
After completing financial coaching (see Step 4 below to learn about financial coaching) with a referral organization, families will be referred into our Homeownership Program and will be fast-tracked into one of the Habitat homeownership options.
Visit our Homeownership Referral Partners webpage to learn more.
The first path is applying directly to Habitat. The waitlist for this path is currently over a year long.
First, families will attend an orientation session and then submit an application. After applying for the Homeownership Program, families will start to work one-on-one with a financial coach. Their coach will help them work on budgeting, credit, debt, and savings until they meet our minimum underwriting requirements.
Please read through the 5 Steps to Homeownership outlined below to learn about Habitat's application process. To join the waiting list please fill out this form. If you've already signed up and want to check your status, please click here.
Are you and your family ready, willing, and able to:
If you answered ”yes” to all of these questions, you may be ready to become a homeowner.
If you answered ”no” to any of these questions, you may not be ready to be a homeowner at this time. That’s okay! It’s better to know you will not be happy as a homeowner before you own a home.
NOTE: When you purchase a home through Twin Cities Habitat for Humanity, Habitat becomes your mortgage company, not your landlord. The house and any problems or damage that occurs after move-in are the homebuyer’s responsibility.
The U.S. Department of Housing and Urban Development (HUD) puts new income guidelines each year and Twin Cities Habitat for Humanity reserves the right to revise these guidelines at any time
|Family Size||Minimum Monthly Gross Income||Maximum Monthly Gross Income||Minimum Yearly Gross Income||Maximum Yearly Gross Income|
If you think you meet the eligibility requirements to buy a Twin Cities Habitat home, the first step is to attend an Orientation. You’ll learn about homeownership basics and the Twin Cities Habitat process. We do not have orientation sessions scheduled yet, but if you would like to join the waiting list please fill out this form. If you've already signed up and want to check your status, please click here. Please note that current wait times are over a year.
To apply for the Habitat homeownership program, you need to fill out the application form and turn in all required documents. Required documents include Social Security cards, photo IDs, tax forms, and income verification documents like paystubs, letters from employers, and benefit statements. There is a $30 or $50 non-refundable application fee for every application. You can submit your application in person or online. Once your application is received, Habitat staff will assess your income and credit eligibility.
Habitat staff (or your referral organization coach) will work with you one-on-one to set financial goals that will get you closer to your dream of homeownership. You will work on budgeting, credit, debt, savings, and any other financial goals that you have. You will work with your coach until you meet Habitat’s underwriting criteria and feel you are ready to purchase a home.
*Twin Cities Habitat for Humanity reserves the right to change these criteria at any time
If purchasing a Habitat-developed home, you will receive property letters with homes that you are eligible to buy based on your income and family size. These property selection letters are a way for you to indicate your preference for available houses based on a number of different factors (size, location, design, neighborhood). Applying to Habitat does not guarantee that you will be selected to purchase a Habitat home. Applicants in the matching pool are matched to homes based on their ability to pay for the home, need for housing, and willingness to partner with Twin Cities Habitat for Humanity.
Families who are selected to purchase a Habitat-developed home will then complete the sweat equity & training requirements. Sessions include HomeStretch, home maintenance and safety, homeowner’s insurance, and community involvement and engagement. This training curriculum provides families with a sound foundation of knowledge designed to boost homeownership success.
If purchasing a home on the open market, you will complete the training requirements first. For open market purchases, there are additional required trainings about realtors and Habitat’s home rehab process. Once the trainings are completed, you will choose a realtor and begin the home search. Habitat can also provide rehab assistance if the home needs work and the family can afford it.
Once you have completed all of your homeownership education and selected a property to purchase, you will have the opportunity to apply for a mortgage from TCHFH Lending, Inc. For more information, please visit the TCHFH Lending, Inc. webpage.
Twin Cities Habitat for Humanity strives to do the most good with every single dollar entrusted to us. Rest assured that a gift to support our mission creates an immediate and significant impact for the families and communities we partner with.
Every $1 you donate results in almost $2 of economic activity in our community.