Dear Applicant(s):

You may download the three (3) essential documents required for your preliminary application to Holy Name Housing Corporation’s homeownership and/or rental program. The first is an Application. The second, is a  Consent Form for obtaining your credit report .  The third, is an authorization form to obtain information from your Landlord.

   Application  |  Credit Consent Form  |  Landlord Authorization

We do charge a $20 fee for processing the application. Please enclose your check or money order for that amount when you mail in the forms.  We help families qualify for one of our programs by the following methods:

HOMEOWNERSHIP PROGRAM:   

1.  We assist them in obtaining a loan for one of the houses we have, either one to be renovated or one of the new homes we have in our target area, which is bounded by 60th Street on the west, 16th Street on the east, Hamilton Street on the South and Curtis Avenue on the north.  HNHC works with Omaha 100, a lending consortium to help pre-qualify people for home mortgage loan approval.  The lenders look at the credit history of the applicant, his or her income and debt and the person’s work history and other sources of income (verification for two years is required).  To aid in determining your income level, we ask that you send in a copy of your two most current pay stubs.      

2.  We are able to pull up a credit report.  If you have a current credit report, we could make a copy for our records.  This helps us to advise you regarding any potential credit problems and determine the purchase price range.  PLEASE NOTE:  If you have any unpaid judgments, collections or chargeoffs, you would have to settle these accounts before the lenders would approve you for a mortgage loan.  Also, please note if you have filed a bankruptcy, our lenders’ guidelines require two (2) years must pass from the date of the bankruptcy discharge before considering you for mortgage loan approval.     

3.  After applicants are approved for a home mortgage with the lender, HNHC is able to access additional funds from the City of Omaha for a second mortgage.  For buyers who qualify under the City income guidelines, these second mortgage funds are available at 0% interest and the buyer does not have to pay on the loan for as long as he or she lives in the house.  There are also other available sources of funding for down payment or closing costs.

CROWN RENTAL PROGRAM:    

1.  If for one of the reasons above, you do not pre-qualify to purchase a home, we have a Crown Rental Program.  This program allows us to rent new single family, three-bedroom homes with attached garage to eligible persons or families.  The focus of persons selected for this Crown rental program will be:

• a desire for homeownership

• a willingness to participate in a counseling and education program that will address obstacles to owning a home
• persons who meet the income and other guidelines for this program.

If you have fined a bankruptcy, It would need to have been discharged for the Crown Program.

Please provide all the information requested on the application.  We will review it along with a copy of your credit report.  This is the fist step and you will be notified regarding either you pre-approval or denial for either program.  If you are pre-approved for the homeownership program, you will be referred to our lenders.  If you do not pre-qualify to purchase a home, we will see if you qualify for our rental program.  If you are approved for this program, your name will be added to our waiting list in the order in which it was received.  If you have any question, please feel free to call our office.

Sincerely, 

Tom Vaughan,Housing Coordinator