1. INCOME ELIGIBLE
You must be income eligible. Different programs have different rules related to income and asset requirements. Learn more about Program Eligibility.
2. HOMEBUYER EDUCATION
Attend a HUD-certified homebuyer education course and have a completion certificate.
3. MORTGAGE PRE-QUALIFICATION
Get a Mortgage Pre-qualification Letter from a participating lender for the affordable purchase price.
NOTE: Some builders and programs may require you to pre-qualify with their lender.
You should discuss your home mortgage options with a HUD certified housing counselor before you seek a pre-qualification letter from a lender.
4. AGREE TO RESALE RESTRICTIONS
Understand and agree to the resale restrictions that limit your appreciation (the amount of money you can make when you sell) and require you to owner-occupy the home as your primary residence. Other restrictions apply and may vary by program. Please see Sample City of Austin's Long-Term Affordability Restrictions.
Want to learn more?
WHAT ARE THE REQUIREMENTS
TO PURCHASE AN AFFORDABLE HOME?
Community Wheelhouse, Inc. is not a chartered bank or trust company or depository institution. It is not authorized to accept deposits or trust accounts and is not licensed by any state or federal banking authority. Community Wheelhouse, Inc. does not provide legal, accounting, or tax advice.
Community Wheelhouse, Inc. does not discriminate against an applicant on the basis of race, color, national origin, sex (including gender identity and sexual orientation), disability, religion, and familial status.
©2015 Community Wheelhouse, Inc. All Rights REserved.
Community Wheelhouse, Inc.
Phone: (512) 900-3683
Fax: (512) 861-8698
info@cwhaustin.com
Office Hours:
By Appointment Only