3 bedroom/2 bathroom – Denver – Augustana
These homes are located in Denver Washington’s West Virginia Vale neighborhood near Colorado Blvd & Alameda Ave.
communities
Augustana Homes
PAST PROJECT
These homes are no longer for sale
Habitat Metro Denver built eight new homes in Denver’s Washington Virginia Vale neighborhood, providing families the opportunity to purchase homes with affordable mortgages in a vibrant part of the city.
Augustana Homes are possible thanks to a partnership with Augustana Lutheran Church, which is leasing the land to Habitat Metro Denver for the homes to be built. The church put out a request for proposals (RFP), inviting applications for an affordable housing developer to build homes on church-owned land. Habitat Denver responded to the RFP, and will now be able to build eight affordable homes on the site.
Project Highlights
- Located in the Washington, Virginia Vale neighborhood close to local transit, Cherry Creek Mall, and businesses on Leetsdale Drive and Colorado Boulevard.
- Three- and four-bedroom duplexes with outdoor space and dedicated parking
- Nearby schools include Mary G Carson Elementary, McMeen Elementary, Steck Elementary, Ellis Elementary, Montessori School of Denver, Denver Language School – Whiteman Campus, Hill Middle School, and George Washington High School
- These homes feature all-electric appliances and an improved insulation system in the walls, keeping homeowners’ utility bills low.
Augustana Homes for Sale
- 3 bed
- 2 bath
- 1,396sqft
- 280,000*
- Max household size of 6
- Min monthly gross income $5,810
- Max gross income of 80 % AMI
- 2 Homes available
*Monthly housing costs will not exceed 30% of buyer’s gross monthly income.
Homes under construction. Photos for illustration purposes.
Property Information
- Style: Duplex
- Bedrooms: Three
- Baths: Two
- Square Ft: 1,396
- Accessible: No
- Parking: 2 dedicated spaces
- Heating: Forced air
Property Features
- All new carpet, paint, countertop and flooring, double-pane windows and lighting
- New appliance package including refrigerator, stove, disposal, diswasher, washer and dryer
Finance
- Minimum Gross Monthly Income: $5,810
- Maximum income: 80% Area Median Income
- All homes have a land lease agreement.
- No HOA
Schools
- Elementary: Carson Elementary School
- Middle: Denver Green School Southeast
- High: George Washington High School
4 bedroom/2 bathroom – Denver – Augustana
These homes are located in Denver Washington’s West Virginia Vale neighborhood near Colorado Blvd & Alameda Ave.
THE HOMEOWNERSHIP PROCESS
Buying an Augustana Home
Thank you for your interest in buying a home with Habitat Metro Denver! Follow the step-by-step guide below to view our homeownership qualifications and application process.
Click on the Steps below to view further deTAILS
Click on a property webpage to see the number of bedrooms and bathrooms, price, and square footage. Your household size should allow for no more than two people per bedroom.
General Requirements
To qualify for homeownership, applicants:
- Must have lived or worked in metro Denver for at least six months (Adams, Arapahoe, Denver, Douglas, and Jefferson counties)
- Must be a first-time home buyer
- Cannot be a registered sex offender
- Must provide proof of U.S. citizenship or permanent residency
- Have at least 36 months since discharged from a bankruptcy.
- Must commit to completing sweat equity hours in partnership with Habitat
Financial Requirements
Applicants also must:
- Demonstrate consistent employment history and income. Current wages need to be reflected on most recent tax return.
- Maintain a monthly gross income within our income guidelines (below), based on your household size.
- Have less than $1,000 in unpaid collections. Any active collections must be in payment plan and paid off prior to home closing.
- Have a “non-housing-related payment debt-to-income (DTI) ratio” of less than 13%. Debts might include minimum monthly credit card payments, car loans, student loans, etc. Income can include wages, business income, SSI/SSDI disability, alimony, child support, and retirement. Show a total debt-to-income ratio (including Habitat mortgage payment) that is less than 43%.
- Demonstrate responsible credit and bill-paying history.
- Have a minimum credit score of 620.
Income Requirements
To purchase a Habitat home, you must make less than 80% of the Area Median Income (AMI). Your income level is based on your household size. To qualify for a Habitat home, you must make less than the amount listed below for your household size.
1 Person Household
$72,950
2 Person Household
$83,400
3 Person Household
$93,800
4 Person Household
$104,200
5 Person Household
$112,550
These are the maximum household incomes allowed. Note that while these represent our most common household sizes, Habitat Metro Denver serves households of up to 10 when homes are available.
Applications are now open! Fill out the Eligibility Questionnaire to get started.
Not yet ready or don’t qualify? Check out our list of community resources.
If you meet the requirements, you will receive an invitation to apply via email. In the application, you will:
- Receive a link to our application packet and document request.
- Have five business day to return the complete packet and provide the requested documents.
- Have your application reviewed by our team to verify income, review credit and confirm household size.
- Undergo a credit check as the last step in your financial review.
- If you meet all the qualifications, a selection letter will be sent officially entering you into our program. Congrats!
When you select your future home, you will sign partnership documents, which will require you to:
- Complete “sweat equity” hours, which includes volunteer shifts on construction sites and at Habitat’s ReStores, and completing a series of online homeownership classes.
- Finalize your mortgage loan and close on your new home!
For questions about these homes, please contact our team.
We are pledged to the letter and spirit of the U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, sexual orientation, gender identity, handicap, familial status, or national origin.
Habitat for Humanity of Metro Denver is a 501 (c) nonprofit organization, FEIN: 74-2050021 see our About Us page for more organization information.
