General Requirements

To qualify for homeownership, applicants:

• Must have lived or worked in metro Denver for at least a year (Adams, Arapahoe, Denver, Douglas, and Jefferson counties)
• Cannot currently own a home, and can’t have owned a home in the past 3 years
• Cannot be a registered sex offender
• Must provide proof of U.S. citizenship or permanent residency
• Any prior bankruptcy must be discharged for 2+ years.
• Must commit to completing sweat equity hours in partnership with Habitat

Financial Requirements

Applicants also must:

• Demonstrate consistent employment history and income. Have a minimum of twelve consecutive months of employment on all current jobs, or 2 years if self-employed. 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 a payment plan and paid off prior to home closing. 
• Have a minimum credit score of 620
• Have at least two years since being discharged from bankruptcy
• 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 be less than 43%
• Demonstrate responsible credit and bill paying history.

• Receive a link to our application packet and document request.
• Have five business days 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!