FIRST STORY'S AFFORDABLE HOme loan program

At First Story, we believe that owning your own home and building equity is a path to ending the cycle of multi-generational poverty. And we believe that hardworking, capable and prepared families deserve this chance at success - it's why we're here. First Story's affordable loan program provides zero-down, zero-interest, 30-year loans to qualified individuals purchasing their first home. 

First Story homes are located in charming neighborhoods and thriving Hayden Homes communities across Oregon, Washington and Idaho. Homes are new builds, or fully remodeled through our Fresh Start program, with the same quality, care and aesthetics as all of the homes in that community. Homes are sold move-in ready with all appliances, washer & dryer, blinds and front & backyard landscaping. 

While it’s our mission to provide quality homes and  interest-free loans, it’s our families’ job to prepare for a successful homeownership journey. We ask all applicants to contact a local housing authority or housing assistance program to take specific home buying and budgeting classes prior to applying for a First Story home. 






WHO IS ELIGIBLE?

Applications are only accepted during open application periods and from applicants who meet the following qualifications: 

  • Your total gross - before taxes and deductions - Median Family Income (MFI) is at or below 80% of area median income. Check out our Area Median Income chart for guidance: AMI Chart.
  • Your monthly gross income meets the minimum amount required to pay a monthly principal, insurance & tax payment.  Monthly gross income estimated to be between $3,200-$4,600 per month (or $39,000 - $60,000 annually) depending on household size and funds available for down payment (down payment is not required but may help you qualify). 
  • Applicant must be able to income qualify at application and at closing.
  • You currently have no negative credit accounts or items in collections.
  • You currently live or work in the county where the home is being built.   
  •  You are a U.S. citizen or have permanent resident alien status (required for applicant only). 

2022 Homes and how to apply

New construction

Homes are new builds constructed by Hayden Homes and located in existing Hayden Homes communities throughout Oregon, Washington, and Idaho. Type of home and location are pre-determined.

Sisters, Oregon 
McKenzie Meadows Community

  • Applications are closed. No future homes are expected in McKenzie Meadows.

Kuna, Idaho 
Ashton Estates Community

  • Applications are closed.

Unincorporated Spokane County, Washington (Near Airway Heights) 
Pillar Rock Community

  • Applications are closed.

Moxee, Washington 
Hattrup Heights Community

  • Applications are closed.

fresh start program

Homes are fully remodeled by Hayden Homes or Simplicity Homes and located in existing Hayden Homes communities throughout Oregon, Washington, and Idaho. Type of home and location are pre-determined.

Albany, Oregon 
Chartwell Station Community

  • Applications are closed.

Bend, Oregon
First Place Community

  • Applications are closed.

Redmond, Oregon
Hayden Ranch Estates Community

  • Applications are closed.

Other Resources

First Story partners with nonprofits across Oregon, Washington, and Idaho to help create affordable housing opportunities. We encourage you to check out any of the following for additional housing resources and aide.

Cornerstone Community Housing (Eugene, OR)Homes for Good (Eugene, OR), NeighborWorks Boise (Boise, ID), DevNW (Springfield, OR)Blue Mountain Action Council (Walla Walla, WA), Kennewick Housing Authority (Kennewick, WA)