NEWSBRIEF: Habitat for Humanity mortgage program for first-time homebuyers

Twin Cities Habitat for Humanity recently created a mortgage program, which targets those who want to buy an existing house, but don’t earn enough to qualify for a mortgage from a traditional lender. The program enables Habitat to serve a broader income range, including those who may think their income is too high to qualify for Habitat. Households earning $40,000 to $80,000+ have successfully bought homes with Habitat in recent years.


Habitat Homeownership Program background

Twin Cities Habitat’s program expansion was made possible by an innovative partnership with Bremer Bank. The $98 million partnership is the largest of its kind among Habitat affiliates nationwide and now serves as a model. Households can use Habitat’s mortgage to buy a home for sale on the open real estate market or a home developed by Twin Cities Habitat. Every homebuyer receives an affordable, fixed-rate, long-term mortgage with monthly payments set no more than 30% of income. Habitat mortgages are provided by our wholly-owned nonprofit mortgage lending subsidiary, TCHFH Lending, Inc. Every homebuyer household completes a combination of one-on-one financial coaching, homeownership classes, and sweat equity volunteer hours before buying a home. Each year, nearly 90% of Habitat homebuyers are families of color. Twin Cities Habitat’s foreclosure rate is under 1% thanks to diligent work selecting and preparing families. More than 1,200 local families have bought homes with Twin Cities Habitat since 1985. For more information about the program and to see if you qualify, go to

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