Homeownership

 

Availability:
Cook, Lake, and St. Louis County (excluding the City of Duluth).
 

Program Description:
AEOA's Homeownership Program is designed to promote and encourage homeownership by providing down payment and closing cost loans to income-eligible, qualified buyers.

AEOA conducts a series of Homestretch Workshops, open to anyone interested in learning how to buy a home. It is designed to give prospective homebuyers an understanding and knowledge of:

-How real estate transactions work
-Qualifications of homebuyer financing
-Responsibilities of homeownership

Eligibility:

  • Potential buyer must attend the complete series of the Homestretch Workshops.
  • Buyer must complete the Homestretch Workshops and 1-on-1 counseling to qualify for AEOA financial assistance
  • Potential buyer must qualify for a mortgage. The Counselor will assist homebuyers in shopping for an appropriate mortgage.
  • Family income must be at or below 80% of the area median income in St. Louis, Cook, and Lake County (Please call if you are uncertain that you qualify).
  • Potential buyer must be a first-time homebuyer.

 

Contacts

 

Sandy O'Fallon
(218) 999-0828
This email address is being protected from spambots. You need JavaScript enabled to view it.

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