Qualified first-time homebuyers can use Welcome Home Mortgages toward down payment and closing costs. Each prospective homebuyer must:

• Be a first time home buyer

• • You have not owned a home in the past three years.
  • You and your spouse have not owned a home together in the last three years.
  • You owned a home when you were married, but you are now buying a home as a single person.

• Have a household income of no more than 80% of your area’s median income
• Contribute personal funds as part of the down payment and closing costs
• Complete at least four hours of homeownership counseling, including the topic of predatory lending, prior to the purchase of the home
• If a student, work at least 30 hours a week