How to Get Qualified for a Low-Income Home

Getting qualified for a low-income home could provide you with an inexpensive place to live.

Low-income homes provide a place of shelter for residents who do not have much money coming in on a monthly basis. Getting qualified for a low-income home in your area is not hard, as long as you meet the income guidelines, which vary from state to state. If you do not earn a high yearly income, desire to provide a nice home where your friends and family can live and visit, and are willing to perform a bit of research, you can get qualified to live in a nice home of your own.

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Instructions

- 1
  
  Gather all of the data required to support your application, such as your pay stubs for the last 6 months, past and current addresses, verification of current employment, amount of funds in your checking and savings accounts, investments you may have, and other personal information for both yourself and any family members living in the home. Locate the Department of Housing in your state to find out specific income requirements.
- 2
  
  Go to the website of the Department of Housing and Urban Development (HUD), the housing arm of the U.S. government. Fill out an application so you can be considered for a low-income home in your area. If you are unable to apply online, you can call HUD directly at 800-225-5342 for assistance.
- 3
  
  Find a real-estate agent who works with low-income homes in your community. Ask this agent (in person or by phone or email) how long he has focused on low-income housing, ask the average price of homes in your area, and ask him to show you homes for which you may qualify. Pick his brain so that you fully understand how the entire process works.

Tips & Warnings

Understand that it can take a long time for HUD to respond to your application. If you have not heard back from them in 14 days or more, contact them once again to check on the status of your application.
Choose a neighborhood where you have friends or family, in order to make the transition to your new home easier.

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How to Get Qualified for a Low-Income Home

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