Homeowner FAQs

What are the requirements to becoming a homeowner with Hope Now?                                                          Hope Now requires a non-refundable deposit of $3500. Verification of 6 months paycheck stubs as proof of ability to pay the $975/month.

What happens if the homeowner cannot pay the $975 due to circumstances? 

Hope Now will work with the homeowner to assess each situation on a case by case basis. Should there be no communication or a situation that is not able to be resolved, then the homeowner will be given notice to vacate. 

​Does the homeowner earn equity?

Yes! From the first day that the agreement is signed, the homeowner starts to build equity.

Can the homeowner sell the property?

Yes! The homeowner can sell the property at any point. The proceeds from the sale of the home must be used to pay off the loan first, then any leftover funds will be paid to the homeowner.

Is the homeowner responsible for the utilities and any repairs to the home?

Yes. The homeowner is just that, a homeowner, which means that all repairs, utilities, and upgrades to the property are the responsibility of the homeowner.

Can the homeowner purchase another home using the Hope Now program?

Hope Now's mission is to provide the opportunity of homeownership to those who may not otherwise be able to qualify. The same individual cannot purchase another home, however, family members who wish to become homeowners are eligible.

How do I become a homeowner? 

• Visit the house and conduct a thorough inspection and walk through

• If the house suits your needs,  an agreement will be signed   

• 6 months of paycheck stubs will need to be verified   

• $3500 down payment (non-refundable) to Hope Now

• Keys will be given at the first of the following month                                                                                                                             ​

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