FAQs

First Story is a nonprofit lender who works exclusively with builder Hayden Homes to offer loans on pre-selected homes in existing Hayden Homes communities. First Story does not offer loans outside its loan program. 

Monthly payments, which include mortgage, insurance, taxes and HOA, vary based on the home’s location. 

Home locations and application status is available on our Own a Home page.

Loan eligibility & qualification criteria may vary based on the home’s location. In general, you will need to meet the following requirements before submitting an application: 

• You currently have no negative credit accounts or items in collections.
• You currently live or work in the County where the home is located.
• You are a U.S. citizen or have permanent resident alien status (required for borrower on title only). 
• You are a first-time home buyer. 
• Your gross annual income is at or below the 80% AMI limit for your household size in the County where the home is located.

You can view the Median Family Income limits for First Story home locations here.
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If there is no housing partner listed in your area, please email us at info@firststory.org to learn how to complete the required homebuyer education class. 

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First Story works closely with nonprofit housing partners who specialize in homeownership preparedness and financial readiness. We notify our partners when a home becomes available in their service area. Potential applicants should work with our partner to complete their homebuyer education and financial literacy counseling. After completion, our housing partner will assist with the application process. Visit our Own a Home page to find a nonprofit housing partner in your area.