Candidate continues meeting with their Homeownership Navigator or DHFS once a month, every month for at least the first year in the program.
Candidate meets with DHFS to review and sign the Urban Hope Ownership Planning Contract
Candidate saves 2-3 months of “safety-net” rent before they are placed into an Urban Hope home.
Candidate completes HOME’s homeownership class. Enrollment after reaching a 625 credit score.
Once these steps are fully completed, the Candidate has demonstrated stability in income and budgeting, and their projected monthly mortgage payments are at or below their current rent payments, Urban Hope will begin to discuss the Candidate’s purchase of the home.
***Expected length of the process is typically 30-36 months but will vary depending on each Candidate’s unique situation.***