Buying a house for the first time can seem tedious and overwhelming, especially when it comes to financing it. What does your debt-to-income ratio look like? Do you have enough money saved for additional costs? Are you able to identify your needs vs. wants? With the Dallas Habitat Homeownership Counseling program, you’ll be matched with a Homeownership Counselor who will help you navigate the process and become mortgage ready. Our team will prepare you for success in your homebuying experience by providing one-on-one conversation regarding income, credit scores, debt-to-income ratio and building savings. These conversations and steps will help to lay the groundwork for purchasing your first home!
What should to expect from the Dallas Area Habitat HUD Certified Homeownership Counseling program?
Our homeownership counseling program is designed to assist you in becoming mortgage ready in one year or less. From our program you can expect one-on-one counseling where we create a path together to help you achieve your goal of homeownership.
What is the Dallas Area Habitat Homeownership program?
The Dallas Area Habitat Homeownership program can be an option for those clients that become mortgage ready, demonstrate ability to afford available Habitat homes and express interest in purchasing within one of our communities or on the open market.
I am interested in the Dallas Area Habitat Homeownership program. How do I get started?
The first step in applying for the Dallas Area Habitat Homeownership program is to complete Homeownership Counseling with Dallas Area Habitat and become mortgage ready.
What are the income and credit requirements for the homeownership counseling program?
Although, the counseling program does not have a minimum income and credit score requirements. As part of your goals in the counseling program you will be required to work towards achieving a credit score of 580 or above and have sufficient income to purchase a property based on the current market and adequate savings to cover expenses related to a home purchase.
Is there a cost for counseling?
Yes, the cost for a single applicant is $125 and dual applicants is $200. This provides unlimited one-on-one counseling sessions with a Counselor, Credit Reviews, and access to all education and workshops.
My spouse in no longer living with me or is incarcerated, do they have to complete the application and be on the mortgage with me?
Texas is a community property state, therefore, your spouse will have to be included in the counseling application and should you choose to buy a house they will also be included on the mortgage, unless you are legally divorced.
Can I apply if I am not a US citizen?
Once you become mortgage ready, your Homeownership counselor makes referrals to partner lenders and Down payment assistance program; therefore, we only accept applications for those who are US citizens or legal permanent residents.
Do I get to choose where I want to live? Can I choose my own house and where it would be built?
Once you become mortgage ready and prequalified with one or multiple lenders, your Counselor will help you navigate the process to purchase a home where you want to live based on your affordability. Options may include purchasing a property on the open market, or buying a Dallas Habitat home, based on available inventory and what you can afford.
I am excited on taking the first step, what should I do?
We’re excited that you are taking the first step towards homeownership and that you’ve selected the Dallas Habitat Counseling program to assist you! The first step is to fill out our online pre-screen tool. This form allows you to determine your eligibility to apply for our Counseling program, where we can assist you in becoming mortgage ready within a year. Click on the ‘Do I Qualify/¿califico?’ button below to be redirected to the pre-screen tool. This is NOT our program application.
How long after I complete and submit the Pre-Screen will I get a response?
Once you submit the online Pre-screen tool, you’ll immediately receive a response regarding the information you submitted. If based on the information provided, you’d be a good fit for our counseling program, you’ll be invited to complete a formal Homeownership Counseling application and will be asked to pay the appropriate application cost. Please note: we do not accept applications year-round.
I submitted the pre-screen tool and it stated I am not a good fit for the counseling program at this time, what do I do?
We encourage you to browse the resources available and attend our in- person workshops and online financial education modules through Pocketwise CAFÉ.
I am having an issue with the online application and would like to speak to someone.
If you experience issues with the online application through the community, send us an email to firstname.lastname@example.org with your first and last name and the best way that we can reach you within 48 hours.
I submitted a Homeownership Counseling application and would like to know what my status is
If it’s been more than 14 business days since you filled out the online counseling application in the community and you have not been contacted by a Counselor, please send us an email at email@example.com with your first and last name and the best way to reach you within 48 hours.
What do I do while I wait to hear from my counselor?
We’re excited that you are eager to start your homeownership journey! Since education is a requirement for the counseling program, we highly suggest that you get started as soon as possible with our online and in-person education.
I don’t have access to a computer. How do I submit an application or complete online education?
Both the application and online education are mobile friendly, but if you need access to a computer, you are more than welcome to stop by the office to use our computers located in our office lobby Monday – Friday, 9 am – 4:30 pm.