Homeownership Opportunities
We currently have homeownership opportunities! Our application is available below, and everyone interested in purchasing a home from us is encouraged to apply. If you have questions, contact Kit at kit@abclt.org or 828-380-4229.
Homeownership Orientation
Our upcoming orientations are listed below. All applicants need to attend an orientation in order to move forward in the program. Applications can be submitted before or after attending an orientation.
Select a date below and register using the link on that event page. After registering, you will receive an email containing information about the meeting.
Eligibility Requirements
Maximum Income
To qualify, the applicant’s household income must be below the amounts listed here. Household size is the total number of people who will be living in the home. Household income is the total amount of gross wages from all employed members of your household.
Securing A Mortgage
After a household’s application is reviewed and screened for income eligibility, ABCLT staff will meet with the applicant to prepare for mortgage pre-qualification. During this process, staff will review lender criteria and refer the applicant to complete financial counseling requirements. Our goal is to ensure that once applicants move into their ABCLT home, their monthly payments are affordable to them. Staff will work with the applicant to discuss these numbers and determine what the applicant will be able to afford based on their income.Assets
- Applicants are required to provide $500 towards the home purchase.
- Applicants may not have more than $20,000 of liquid assets towards the home purchase. This does not include funds in retirement accounts.
- Down Payment Assistance funds are not counted towards the $20,000 liquid assets calculation and cannot be used towards the $500 requirement above.
Homebuyer Process
The following is a general outline of the steps which you will complete on your homeownership journey with ABCLT. Staff will walk you through each one of these steps as you begin to work with us.
If you have questions about this process or the application, please contact our Program & Operations Manager, Kit Molina-Nauert via phone (828.380.4229) or email (kit@abclt.org).
- Attend ABCLT Orientation
- Complete Application Packet
- Attend Homebuyer Education
- Meet with Lender for Pre-Qualification
- Meet with ABCLT Staff to See Available Homes
- Sign Contract to Buy via ABCLT
- Complete Loan Application & Select Closing Attorney
- Purchase Your Home!