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“I was mad at first, but it (Ready4Work) made me learn you can fall down and make it to the top…" Jamal Ricks |
President Barack Obama talks about his plan for faith based community programs, including Ready4Work, in Zanesville, OH on July 1, 2008.
FAQ
Q: HOW DO I APPLY?
A: There are several ways to apply: Call (904)354-4673 and ask to speak with an ONH housing specialist; or stop by the ONH Development office at 1830 N Main St., Jacksonville, FL 32206.
Click here to download a PDF Housing Application.
Q: HOW MUCH WILL MY MORTGAGE PAYMENT BE?
A: Operation New Hope’s average homebuyer mortgage, including insurance and property tax, is about $400-$500 per month. However, payments may be higher or lower dependant on the price of the home, amount of subsidy allocated, interest rates and available tax credits or deductions available. Once a home or model is chosen and preapproval is documented, a housing counselor will be able to provide an estimated mortgage payment.
Q: WHAT ARE THE CREDIT REQUIREMENTS?
A: While housing markets and interest rates change daily, credit score requirements often change, too. Operation New Hope’s in-house credit counselors work closely with applicants to ensure the best outcome for applicants. Even those with less-than perfect credit can attain homeownership with assistance.
Q: DO I MEET THE INCOME CRITERIA?
A: Working with city, state and federal subsidy programs, Operation New Hope uses mixed income guidelines to secure homebuyers up to $30,000 for down payment and closing cost assistance. Qualifications vary, dependant on the household size: For example, a family of three, living in Duval County with a yearly income of $29,650 to $47,000 qualifies for subsidy assistance, however the amount of assistance allocated is dependant on the total amount available.
