2. Acceptable Credit Rating - Must meet normal lending institution credit requirements, debt to income ratio of less than 38% monthly, and must not have declared bankruptcy within the last three (3) years.

3. Down Payment and Closing Costs - Applicant must have the financial capability of providing some down payment depending on the type of mortgage. Port Huron Neighborhood Housing Corporation will provide some funding to be used toward prepays and closing costs.

4. Ability to meet monthly mortgage payments - Applicant must be able to meet monthly mortgage payments based upon a 30-year fixed, low interest rate loan, and have the resources to properly maintain the property.

5. Qualify for a Mortgage - The applicant must qualify for a 30-year, fixed rate mortgage according to normal lending institution guidelines.

6. Residence and Maintenance - The applicant must agree to maintain the dwelling according to City codes and ordinances. Must live in the home for five years to satisfy lien on property.

7. Home Buyer Seminar - Applicants are required to attend a three hour workshop covering aspects of purchasing a home. This is offered through the City of Port Huron (810-984-9736). A reservation is required, seating is limited.

Port Huron Neighborhood Housing Corporation is continually purchasing properties throughout the City. The homes are completely remodeled and resold to a home buyer that qualifies.

Applications are handled on a first come, first serve basis. If you would like an application mailed to you, please call 810-984-9736 or stop by the Community Development Office located on the third floor of the Municipal Office Center, 100 McMorran Boulevard, Port Huron.