Unlock Up to $13,000 with the Hope for Homeownership Program!

Dreaming of homeownership but worried about the upfront costs? The Hope for Homeownership Program (H4H) could be the key to turning your dreams into reality! Sponsored by HOPER, a non-profit organization, and administered by Attainable Housing Advocates (AHA), this groundbreaking initiative offers up to $13,000 in financial assistance to help you with down payments, closing costs, and other home-related expenses.

What Is the Hope for Homeownership Program?

The H4H Program is designed to make homeownership more accessible and affordable by combining financial assistance with homebuyer education and solar energy solutions. Here’s how it works:

• Up to $13,000 or 3.5% of the purchase price can be applied to your down payment or closing costs.
• Includes discounted solar panel installations for long-term savings on energy bills.
• No income restrictions, making it open to a wide range of homebuyers.
• Provides access to FHA mortgages with competitive rates.
• Average $12,000 federal tax credit for energy savings.

Who Qualifies for the Program?

To qualify for the H4H Program, you need to:

• Be purchasing or refinancing a primary residence (not for investment properties).
• Complete a 6-8 hour self-paced online financial education course.
• Receive a renewable energy assessment confirming solar savings potential.
• Work with The Richard Woodward Team NEXA Mortgage as your lender.
• No income restrictions apply.

What Costs Are Covered?

The $13,000 assistance can be used for:

• Down payment
• Closing costs
• Realtor fees
• Debt payoff
• Mortgage rate buydown
• Cash reserves for mortgage approval

How Much Does the Program Cost?

The only upfront cost is a $149 fee for the homebuyer education course. An optional post-closing financial mentorship course costs $99 but is not required.

Is This a Grant or a Gift Program?

The H4H Program is not a grant or gift. Participants receive 1099 income for participating in the program, contributing to research on the impact of education, solar savings, and financial mentorship on homeownership success.

Do I Have to Use the Money for a Down Payment?

No, the $13,000 can be used flexibly, including for closing costs, debt reduction, or boosting your cash reserves after closing.

Will the Seller or Builder Need to Contribute?

No, the program requires no contributions from builders, sellers, or real estate agents.

How Does Solar Impact the Program?

The solar component helps you save money long-term. Here’s how:

• A renewable energy assessment determines if solar savings apply.
• Solar installation costs are bundled into the FHA loan.
• Participants receive a federal tax credit, averaging $12,000.
• Energy bills can drop significantly, with some participants saving up to $226 monthly.

Does Solar Installation Void the Builder’s Warranty?

It depends on the installation method:

• Roof-mounted panels may void the roof warranty in affected areas, but H4H-approved installers offer roof penetration warranties to cover this.
• Ground-mounted systems avoid roof issues but may have higher costs.

How to Get Started

1. Complete a Renewable Energy Assessment.
2. Get Pre-Approved by an FHA SWT participating lender.
3. Take the Homebuyer Education Course.
4. Close Your Loan and receive your financial assistance.

Ready to Take the Next Step?

Homeownership is within reach with the Hope for Homeownership Program! Contact Richard Woodward at 214.945.1066 or complete an application today to learn how you can benefit from this incredible opportunity and start your journey toward financial freedom.