Have you ever thought, "I really want to own my own home," but no matter how hard you try, you just can't seem to get there.
Maybe your income or expenses make saving for a down payment or qualifying for a mortgage loan seem impossible. And even if you could buy a home, you may worry about falling prey to a risky mortgage loan or being unable to afford the mortgage and repairs. Well, the Our House program lessens these challenges so you are more able to become a successful homeowner.
Our House is run by The Housing Fund, a non-profit organization whose goal is to help low-to-moderate income households experience the benefits of homeownership.
The Housing Fund partners with you to purchase an Our House home. Our House is a shared equity homeownership program that invests equity into your home equal to about 25% of the home's value. This means you don’t need as large of a mortgage loan or down payment for purchase. When you sell the home, Our House leaves its equity in the home for the next buyer.
Watch the video below to learn how Our House works.