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 Heartland Community Action Agency in order to be eligible for HHPOP funding. Click here for a class schedule. Call 1-800-992-1710 to pre-register for the class. It is recommended that you order a copy of your consumer credit report and bring it to class. You may order it from the following:
Equifax Information Service Center
PO Box 740241
Atlanta, GA 30374-0241
1-888-397-3742 |
Experian Natl Consumer Assistance Center
PO Box 949
Allen, TX 75013-0949
1-888-397-3742 TransUnion |
Annual Credit Report Request Service
PO Box 105281
Atlanta, GA 30348-5281
1-877-322-8228
|
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.
|
