Homeownership

Start by reviewing the eligibility criteria below, to see if Habitat might be a good fit for you. While awaiting opening of the next application period, we strongly recommend all interested applicants do the following to prepare for a home purchase (whether that purchase is ultimately through Habitat, any other affordable homeownership program, or even just in the regular real estate market):

1. Take “Homebuyer  U” offered by Ithaca Neighborhood Housing Services (INHS) – available in person or virtually.  https://www.ithacanhs.org/hbe .This is an excellent general introduction to homeownership, mortgages, and the home buying process.  You will learn the terms involved and start evaluating your readiness for mortgage financing and homeownership responsibility.  You’ll also learn more about the Community Housing Trust model of ownership, which is how Habitat and INHS-built houses are both sold. (Note that this course certificate is required for all Habitat buyers before they close on their home.)
2. After completing Homebuyer U, set up a one-on-one appointment with a Homeownership Counselor at INHS to take a deeper look at your specific situation. This can be done over the telephone, virtually, or in-person at their Ithaca office. They will review with you your household income, your credit report, and they will guide you on any homeownership assistance programs for which you may be eligible. They can also help you strategize solutions if they foresee any barriers to your eligibility for mortgage financing. Note: prior to scheduling a meeting you must complete an intake packet so that the counselor can be prepared for a productive counseling session. After submitting your intake packet, email homeownership@ithacanhs.org or call (607) 277-4500 to schedule an appointment. 

If you have done both of these things prior to applying for Habitat Homeownership (or just buying a house in general), you’ll be well-prepared! Have questions? Call us at 607-844-3529 or email liz@tchabitat.com.