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 - Accepting Applications Now
Ashton Estates Community

Applications are currently open and only accepted through NeighborWorks Boise.
All applicants must complete Pre-Purchase Counseling and the Homebuyer Education Seminar through NeighborWorks Boise.
To schedule a counseling appointment contact Erika Switzer at (208) 258-6212 or eswitzer@nwboise.org. The Homebuyer Education Seminar is held monthly, starting in January 2022. Register online by visiting NeighborWorks Boise.
Type of home: Canyon Floorplan

Unincorporated Spokane County, Washington (Near Airway Heights) - Accepting Applications Now
Pillar Rock Community

Applications are currently open and only accepted through First Story.
Apply now by completing our 2022 Application.
Type of home: Clearwater Floorplan

Moxee, Washington - Accepting Applications Now
Hattrup Heights Community

Applications are currently open and only accepted through First Story.
Apply now by completing our 2022 Application.
Type of home: Clearwater Floorplan

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.

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)

Own A Home