What types of homebuyer programs are available?
Homebuyer Programs for New Construction Homes
HHPOP offers interested income eligible, first time and non-first time homebuyers, access to several programs that will assist them in purchasing newly constructed homes within Hutchinson. The homebuyer must be able to qualify for a first mortgage with a participating HHPOP lender.
Homebuyer Programs for Existing Homes in Hutchinson
HHPOP also offers interested, first time home buyers assistance in the purchase of an existing house in Hutchinson. Ask your HHPOP lender for program details. Once again the homebuyer must be able to qualify for a first mortgage with a participating HHPOP lender.
How do I know if I’m eligible?
The requirements for the programs vary, so you should check with an HHPOP lender to find out which program(s) work for your situation. The HHPOP lender will pre-qualify and request a reservation of funds if you are eligible.
How do I apply?
1. Apply with a participating HHPOP Lender. Income limits, purchase price limits and program requirements vary. A participating HHPOP lender will determine your eligibility and will pre-qualify you for the HHPOP program.
2. You need to complete the Homestretch homebuyer training class offered through the Home Ownership Center. Click here to search for a workshop to attend.
Remember:
You must have good credit or resolve any credit issues so that you are able to qualify for a first mortgage with a participating HHPOP lender.
You must purchase the Hutchinson School Construction Program house or an existing home within the City of Hutchinson.
You must be income eligible for the HHPOP programs.
Home purchase price limits vary with the different HHPOP programs.
|
