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HOMEOWNERSHIP PROVIDES EQUITY
INFORMATION WORKSHOP
FRIDAY, AUGUST 11, 2023
1:00 PM Government Plaza (Multipurpose Room) - 205 Government St.
6:00 PM Manzie Neighborhood Resource Center - 110 Lafayette Street
HCV HOMEOWNER REQUIREMENTS:
- New Admissions and Current Participants in Good Standing with HCV Program Rules and Requirements
- Have a good Rental History.
- First-time Homebuyer per HUD Guidelines
- Demonstrate a Stable Work History for the Past 2 Years
- Meet the Minimum Annual Income Requirement
- Provide Evidence of Family Resources for Down Payment
- Provide MHA Proof of Housing Counseling Program Completion
HOPE REQUIREMENTS:
- MUST Obtain Approval from MHA
- Minimum Credit Score of 580
- First-time Homebuyer per HUD Guidelines
- Demonstrate Ability to Maintain & Upkeep Property
- Complete 10-Hour HoPE Homebuyer Education Course with Consumer Credit Counseling Services Referral Required
- Provide 1% of Home Sales Price Prior to Construction
YOU MUST REGISTER IN ORDER TO ATTEND THE IN-PERSON WORKSHOPS
To Register for the Government Plaza 1:00 p.m. Session: Call (251) 208-6294 to speak with a representative
To Register for the Manzie Neighborhood Resource Center 6:00 p.m. Session: Connect via Event Brite to the HoPE Session Link Below:
https://www.eventbrite.com/e/hope-initiative-program-information-workshop-tickets-691123658467?aff=oddtdtcreator
Unable to Attend In-Person? You May join via Zoom Here:
https://us06web.zoom.us/meeting/register/tZUvd-CurDwuGNHJKZ4HL5g7RwlIbK7p2uZl
1. Email MHA at: hope@mobilehousing.org
2. Complete HOPE 10-Hour Homebuyer Education Course with agency
SAVE for your 1% required minimum
3. Meet w/City Staff to Finalize Property Selection & Home Specs
4. Sign Contracts with Builder Developer & City of Mobile
5. Pay 1% of Sales Price
6. After Inspection, Prepare for Closing & Insure MHA Receives All Docs for HCV File - You Made It!
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