Homebuyers

Do I qualify for Kôr’s homeownership program?

Kôr has requirements and recommendations for homebuyers in the areas of:

  1.  INCOME – We serve low and moderate-income households (40-120% of AMI). Check HUD’s AMI calculations to see if your household income for the number of people in your household will qualify for one of our homes.
  2.  EDUCATION – In addition to an informational session, all homebuyers are required to complete four courses in the areas of homebuyer education, financial fitness, community living, and residential net-zero energy. Please note that the information session is required before applying.
  3.  FINANCE OR LOAN-ABILITY – This includes requirements and recommendations to qualify for a loan (for example, credit score, proof of income and debt-to-income ratios, bad debt limits, first time homebuyer status, etc.)
  4. PREFERENCES – It is our mission to serve those who contribute to our local community and economy. Lottery preference will be given for those residing in Crook, Jefferson, or Deschutes County.  Preference will also be given for a household size that will best utilize the home size.  Note: We follow HUD’s rental occupancy standards of 1-person for 0-bedrooms and 1.5 for each additional bedroom, plus 1 A bedroom is defined by a habitable space within the premises that is used primarily for sleeping with a window and a closet space for clothing.
  5. CRIMINAL HISTORY – In the effort to create safe and healthy communities, Kôr homebuyers must meet the requirements of our Criminal Record Policy.
How does my household apply for a home?

  1. Attend one of our informational sessions to learn about our program and current housing opportunities. You will not be able to fill out a full application for one of our homes until you have attended an information session.
  2. Confirm that your household meets our program requirements and fill out a short form application on our website.
  3. If you meet our program requirements, you will be prompted to fill out a full application. When our application closes, we will hold a lottery for each of our homes.
  4. Contact NeighborImpact! They provide free homebuyer counseling, a down payment matching program, and homebuyer education courses. These tools are not specific to Kôr’s program and can prepare you for homebuyer readiness regardless of the home you choose.