12 WEEKS: FINANCIAL PREPAREDNESS CLASSES PHASE
For the initial phase of the WYFHOP program, families attend our 12-week financial preparedness class, address credit issues, budget, learn about mortgage options, lenders, realtors, insurance and more.
18-24 MONTHS: SAVINGS PHASE
Families engage in ongoing credit building, budgeting, education, goal setting, and save a minimum of $2,400 toward the down payment on a home. Meanwhile, local churches and businesses contribute further assistance to help WYFHOP contribute $12,400 at the time of closing to each family.
5 YEARS: MAINTENANCE PHASE
WYFHOP families continue building financial strength by gaining supports and continuing to build social capital. Maintaining and improving the home and the community are key goals. Families continue to set goals, seek economic advancement, improve quality of life and give back to the community. Each family can apply for a $1,000 maintenance grant in years 2, 3, 4 & 5 of home ownership, if they attend two or more quarterly training classes a year.
WYFHOP families don’t just get by, they GET AHEAD.