Homeownership

an affordable home

Habitat works to eliminate barriers to a better, healthier, more financially stable life. With our help, Habitat homeowners achieve the strength, stability and independence they need to build a better future for themselves and their families.

we care. we want to help.

Bend Habitat builds and sells about 9 affordable homes a year to qualified individuals and families in our community. Mortgages are affordably set at approximately 30-33% of the homeowner’s income at the time of loan application. From application to owning a home takes approximately 12-24 months. Habitat is a long-term homeownership program and does not provide emergency housing.

housing information sessions

These are the first requirement towards your application to the Habitat Homeownership program. We host 4 information session per year, and 2 open application periods annually, with the next one on Wednesday, Jan. 24, 2018 at 6pm at the Deschutes Public Library (601 NW Wall Street). Please RSVP by emailing [email protected]

Qualifying families are selected based on:

Para atención en Español, por favor llamar al (541) 385-5387 extensión 108

What are the Steps to Homeownership?

Step 1- Initiating the Partnership

  • Attend a Housing Information session
  • Fill out an intake form and complete a client housing counseling appointment
  • Fill out a Housing Program Partnership Application.
  • Paper work will go to underwriting
  • Selection phase includes a home visit and board approval.

Step 2- Program Acceptance

You will receive notification from us, either a letter of acceptance to the program or an adverse action letter.

Step 3 -Partnership Program Agreement

  • If accepted -Sign the Partnership Program Agreement and Review the Program Requirements with Bend Habitat Homeownership staff
  • if you were denied at this time– establish a corrective action plan for future application- we can help you with this.

 

Step 4- Sweat Equity and Education

  • Put in Sweat Equity hours
  • Contribute to a Matched Savings Fund
  • Participate in Financial Coaching
  • Attend a Home Readiness class
  • Complete Housing/Credit Application
  • Have preliminary loan document review.

 

Step 5- Purchasing your home

Home loan application and Home dedication ceremony.