Although we consider income of all household members, the income of the applicant with legal residency must financially qualify the household (in case the non-resident is required to be out of the country for a period of time). However, total household income must also fit within the income guidelines per family size.
If a household has gone through a bankruptcy, the bankruptcy must have been discharged for a minimum of four (4) years prior to submitting a partnership application and the household must be able to demonstrate a pattern of improved management and payment of debt.
A foreclosure must have been completed three or more years prior to submitting an application to Bend Habitat and the household must be able to demonstrate a pattern or improved management and payment of debt.
Each year the Income Guidelines are revised (based on Housing and Urban Development research) and we use a range of 40-75% of the county median annual income. Click here
to check if your household income is within these guidelines.
Your DTI ratio is your personal monthly budget and how much can be safely dedicated to home-related expenses. Monthly debt includes medical/dental, school loans (even deferred school loans), child support/alimony payments, car payments, loans, past due accounts. Does not include rent, utilities, or insurance.
If “NO” answer: We recommend that you begin credit counseling to increase your credit score.
You can get a free credit report once a year at Annual Credit Report.
Review this report with the credit coaches (no charge) at NeighborImpact by calling 541-318-7506.
Credit scores determine your credit worthiness for obtaining a mortgage loan. Generally, the better your credit ranking, the more likely it is you will be able to secure a loan with favorable terms.
Mark "Yes" if no one in your immediate family, a parent or grandparent has owned a home
- Ineligible - Based on your responses, you may not be eligible for the Bend Habitat Housing Partnership Program. You may still attend one of our Information Sessions to answer some questions about the program's eligibility criteria. We encourage you to submit your information so we can potentially start working with you to get you ready for the program. We also recommend that you contact NeighborImpact Home Source Department 541-323-6567 for free financial counseling and credit review.
- Eligible – Based on your responses, you may be eligible for the Bend Habitat Housing Partnership Program. Your actual income and other factors will be evaluated once your complete application, including supporting documentation, has been submitted. By clicking on the "Sign up" button below, you agree to be notified of the next Housing information session (first step in the process) Please check our schedule for dates.