APPLICATION PART 1

First Story is a 501(c)(3) public non-profit organization. Our mission is topromote giving and inspire communities through the creation of homeownership opportunities and financial support.

What is the Home Buyer Program?

First Story partners with Hayden Homes to construct and/or renovate single-family homes in Oregon, Washingtonand Idaho. Homes are then soldto qualified applicants through a 30-year, zero interest loan and zero down payment.

Who is Eligible for the Program?

You may qualify if:

  • Your total gross Median Family Income (MFI) before taxes is at or below 80% of area median income (see attached chart for current requirements).
  • Your monthly gross income meets the minimum amount required to pay a monthly principal, insurance and tax payment. Minimum income requirement varies based on the home’s sale price, but typically it is $2,500-$3,200 per month.
  • You currently have no negative credit accounts or items in Collections.
  • Youcurrently live in the area where the home is being built.
  • You are a U.S. citizen or have permanent resident alien status.
  • Your household size does not exceed 5 family members (this is due to the size of our homes).

How Does the Application Process Work?

  1. Complete Application Part 1
  2. Attach previous year of Income Tax Returns, including all schedules and pages
  3. Attach a recent credit report. Free credit report available at
  4. First Story Evaluates Eligibility
  5. Receive & Complete Application Part 2
  6. First Story Conducts Interview
  7. Selection & Notification

Next Steps

  • Complete Application Part 1
  • Mail, fax or email completed Application Part 1to:

First Story

963 SW Simpson, Suite 110

Bend, OR 97702

Email:

Fax: 541-728-0836

This application is not a guarantee of an interview or selection for housing.

MEDIAN FAMILY INCOME (MFI) INFORMATION

2017/2018AREA INCOME LIMITS (per HUD)
Effective Date: April 11, 2017
First Story Home Owner Applicants must have Median Family Income (MFI) at or below 80%
80% of MFI based on Household Size. All numbers based on HUD Area Median Income (AMI) Limits.
COUNTY/TOWN / HUD MFI / 1 Person / 2 Person / 3 Person / 4 Person / 5 Person
Ada & Canyon County, ID / CALDWELL / $ 64,300 / $ 36,050 / $ 41,200 / $ 46,350 / $ 51,450 / $ 55,600
Benton & Franklin County, WA / TRI-CITIES / $ 65,100 / $ 36,500 / $ 41,700 / $ 46,900 / $ 52,100 / $ 56,300
Deschutes County, OR / BEND / $ 64,000 / $ 35,750 / $ 40,850 / $ 45,950 / $ 51,050 / $ 55,150
Jackson County, OR / MEDFORD / $ 53,600 / $ 30,050 / $ 34,350 / $ 38,650 / $ 42,900 / $ 46,350
Kootenai County, ID / POST FALLS / $ 59,200 / $ 33,150 / $ 37,900 / $ 42,650 / $ 47,350 / $ 51,150
Lane County, OR / SPRINGFIELD / $ 59,000 / $ 33,050 / $ 37,800 / $ 42,500 / $ 47,200 / $ 51,000
Linn County, OR / ALBANY / $ 55,100 / $ 30,900 / $ 35,300 / $ 39,700 / $ 44,100 / $ 47,650
Spokane County, WA / INLAND NW / $ 65,700 / $ 36,800 / $ 42,050 / $ 47,300 / $ 52,550 / $ 56,800
Walla Walla County, WA / COLLEGE PLACE / $ 62,900 / $ 35,250 / $ 42,050 / $ 45,300 / $ 50,300 / $ 54,350

To be apply for a First Story home, your total gross Median Family Income (MFI)

beforetaxes must be at or below 80% of area median income.
APPLICANT INFORMATION

Full Name
List all family members who will be living in the home. List the relationship of each family member to the Head of Household. Household size cannot not exceed 5 family members. / Relationship / Age
Head of Household
Co-Applicant (ie: Spouse)
Son/Daughter/Other
Son/Daughter/Other
Son/Daughter/Other
Mailing Address
City / State / Zip
Home Phone / Cell Phone
Email

EMPLOYMENT INFORMATION

Applicant’s Employer / Job Title / Hire Date
Supervisor’s Name / Supervisor’s Phone Number
Co-Applicant’s Employer / Job Title / Hire Date
Supervisor’s Name / Supervisor’s Phone Number

Applicant’s Statement:

I/We certify that the information given on this application is accurate and complete to the best of my/our knowledge and belief.

Signature of Head of Household: ______Date:______

Signature of Co-applicant: ______Date: ______

application part 1

BUDGET WORKSHEET

EXPENSES

Category / Monthly Cost
Alimony / $
Cable/Satellite / $
Cell Phone / $
Child Activities (School Sports, After School Programs) / $
Child Care / $
Child Support / $
Clothing/Personal Items / $
Club Dues (Gym Membership) / $
Dining Out / $
Education (College Tuition) / $
Gas/Diesel / $
Gifts (Birthdays, Holidays) / $
Groceries / $
Hobbies/Recreation / $
Home Phone / $
Internet Service / $
Prescriptions / $
Pet Care / $
Vacation/Travel / $
Rent Payment / $
Utilities (Gas, Electric, Water, Garbage) / $
Other: / $
TOTAL EXPENSES
(add lines above) / $

**Please attach the previous year Income Tax Return and a recent Credit Report to your application.

DEBT

Category / Monthly Cost / Total Balance
Car Payment / $ / $
Insurance (Auto, Life, &/or Health / $ / $
Credit Card #1 / $ / $
Credit Card #2 / $ / $
Credit Card #3 / $ / $
Personal Loan / $ / $
Student Loan / $ / $
Medical Loan/Bills / $ / $
TOTAL DEBT
(add lines above) / $ / $

INCOME

Category / Monthly Income
GROSS Applicant Wages / $
GROSS Co-Applicant Wages / $
Alimony / $
Child Support / $
Food Stamps / $
Social Security / $
Other: / $
TOTAL MONTHLY INCOME
(add lines above) / $

SAVINGS

Category / Total Balance
Savings Account / $
Checking Account / $
Other: / $
TOTAL SAVINGS
(add lines above) / $

application part 1