Working together to make your dream of homeownership come true!

PROGRAM REQUIREMENTS

The Homeownership Center of Tacoma’s EVERGREEN and @HOME programs receive major funding from the City of Tacoma and the Washington State Housing Trust Fund. With this funding comes specific buyer qualifications that must be met.

 

To be eligible to purchase one of our homes and take advantage of the
EVERGREEN OR @HOME special financing programs you must:

 

Have NOT owned a home within the past three years.

 

Have at least $1,000 available for a down payment and approximately $450 available for the first year's homeowners' insurance premium.

 

Have a total combined household income before taxes of LESS than:

EVERGREEN PROGRAM

Household Size
1
2
3
4
5
6
7
Annual Household Income $41,750 $47,700 $53,650 $59,600 $64,400 $69,150 $73,950

 

@HOME PROGRAM

Household Size
1
2
3
4
5
6
7
Annual Household Income $62,580 $71,520 $80,460 $89,400 $96,552 $103,704 $110,856

 

Use the home you purchase from HCT as your principal residence – the home MAY NOT be used as a rental for as long as you own the property.

 

Attend the required five-hour First Time Homebuyers class as well as the Supplemtental Counseling Class if purchasing a home that is in the @HOME program.

 

Be willing to repair any outstanding credit issues. Bankruptcies must have been discharged for the minimum period required by the First Mortgage Lender

 

Agree to offer the home for sale to HCT first before selling on the open market. (This can be of great benefit since no realtor commissions are incurred.)

 

Agree to specific financial terms if the home is sold during the first 5 years of ownership.

 

 

If you are able to meet this eligibility criteria, HCT’s programs offer an
unparalleled homeownership opportunity!