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HOME OWNERSHIP - DEBRA GALLAGHER at This email address is being protected from spambots. You need JavaScript enabled to view it. OR 360-473-0328 after you have read the following information ~ call and set up an appointment! 

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Overview

The Homeownership Program is offered to eligible Bremerton Housing Authority (BHA) voucher holders. The program allows participants to have their housing subsidy applied towards a monthly mortgage payment, after a home is purchased. Residents who wish to join the program must meet certain eligibility requirements and when deemed eligible they are required to attend a homeownership orientation and education course in order to prepare for homeownership. Participants select homes for purchase and secure their own mortgage financing through a lender.

Similarities between renting with BHA and Homeownershiptall attached lamp

  • Residents contribute 30% of their income towards either their monthly rent or a mortgage.
  • BHA uses the same payment standard as used in calculating a housing assistance payment for renting an apartment.

Eligibility Requirements

  • Must be a resident in “good standing” with no lease violations or outstanding rent payments
  • Must be a first-time homebuyer
  • Must have been working full time, consistently for one year and work equal to or more than 30 hours/week.
  • No minimum income requirement for the elderly (62+) or disabled (head of household or their spouse)
  • Credit scores of 640 or above for mortgage applicants
  • Must have a minimum of $1,000 in savings

Eligible Home must be located within Kitsap County

  • Must be owner occupied
  • Must pass Housing Quality Standards (HQS)

Duration of Mortgage Subsidy

  • 15 year mortgage for working voucher holder
  • 30 years if resident is elderly (62 years or older) or disabled at the time of purchase
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Bremerton Housing Authority
600 Park Avenue
Bremerton, WA  98337

Lobby Hours:
9:00am - 4:00pm Mon-Tue, Thu-Fri
Closed Wednesdays and holidays

 

Main Number: 360-479-3694
Inclement Weather Hotline: 360-616-7199
Telecommunication for hearing impaired TRS dial 7-1-1.
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