Mortgage Ready Pathway
Example Project
Denver, CO
$290,000 to $300,000
10 units
980 – 1,500 sqft
Application deadline – May 6, 2027
Acerca de este proyecto
Información sobre la propiedad
- Property info like parking, accessibility, carpet, appliances, unique features
- HOA info- if potential range is available, include
Bedroom Floor Plans
Qualification
- Income restrictions- prefer an income chart to show this range
- Summary of the affordability mechanism
- AMI level
- Resale exepctations/restrictions
Lending Summary
- Lending Summary
- Approved lenders and contact info
Application process for the Mortgage-Ready Pathway:
Step 1: Determine if You're Ready
1. General Requirements
Must live or work in the Denver Metro area (Arapahoe, Adams, Denver, Douglas, or Jefferson)
Must be employed for a minimum of 24 months
Must be a first-time homebuyer*
Must not be a registered sex offender
Must provide proof of U.S. citizenship or residency status
2. Financial Requirements
Habitat for Humanity does not act as the lender in the Mortgage-Ready pathway. While lending criteria can vary between institutions, here are some factors that can help demonstrate responsible financial behavior:
- On-time and consistent credit and bill-paying history
- A credit score of 620 or higher
- A savings reserve
- Little to no debt in collections
- No bankruptcies, or at least 36 months have passed since the bankruptcy was discharged
3. 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
Estos son los ingresos familiares máximos permitidos. Tenga en cuenta que, si bien estos representan nuestros tamaños más comunes de los hogares, Hábitat Metro Denver sirve a los hogares de hasta 10 cuando los hogares están disponibles.
Step 2: View Homes for Sale
Visit the home’s MLS listing page or request a showing
Step 3: Contact a Lender
Once you have decided that you meet the program requirements, reach out to one of our mortgage lenders to get started on your loan pre-approval. Your lender will assess your income and debts to determine how much you can afford.
Paso 4: Recibir una invitación para presentar la solicitud
Si cumple los requisitos, recibirá una invitación para presentar su candidatura por correo electrónico. En la solicitud, deberás:
- 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 and confirm household size
- Si cumples todos los requisitos, te enviaremos una carta de selección en la que se te inscribirá oficialmente en nuestro programa. Enhorabuena.
Paso 5: Cumplir los requisitos de asociación
Once you have been selected to purchase your home, you will be required to complete a homebuyer education course and a program orientation.
Sign your contract, finalize your mortgage loan, and close on your home!
For questions about applying, please contact our team.
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