Once your application has been submitted and approved, it takes up to a year to move into your new Central Oklahoma Habitat home. Here is the process we follow:
Everyone interested in purchasing a Central Oklahoma Habitat home must fully complete the application forms. Spanish application forms are available. There is no application fee charged. Once we receive your application, there are three things we review before moving on to the next step:
- Income – Required employment for one year or more with current employer.
- Credit check – Show any outstanding debt.
- Background check – Criminal background is conducted on all adult applicants.
You will need to submit several other documents at this meeting, such as tax returns, paycheck stubs, driver’s license and proof of legal residency. Each adult family member who will be on the mortgage and/or living in the home will be required to attend an ability-to-pay meeting where financial obligations will be explained.
Once the ability-to-pay meeting has been completed, COHFH staff will package your file and submit it to one of our partner lenders for pre-approval for a home loan.
Once final approval is received, the family is required to attend a sweat-equity meeting to discuss ways in which the family can work to achieve their 100 hours of sweat equity.
The construction meeting is scheduled with the new home buyer once the framing date of the home is set. Prior to this meeting, the buyer will need to select all colors pertaining to carpet, vinyl flooring, countertops, guttering, windows and the front door. The construction manager will discuss all the components of the home at the construction meeting.