Turn Your Section 8 Voucher Into Homeownership

Yes! The Housing Choice Voucher Homeownership Program allows eligible voucher holders to use their monthly housing assistance toward mortgage payments instead of rent. This program has helped thousands of families achieve homeownership.

Your voucher payment will go directly to your mortgage lender each month, reducing your out-of-pocket costs and making homeownership more affordable.

Down payment requirements vary by loan type. FHA loans may require as little as 3.5% down, and some down payment assistance programs offer grants or low-interest loans to cover this cost.

Many first-time homebuyer programs specifically help Section 8 voucher holders with down payment and closing costs. We can connect you with these resources.

Most lenders look for a credit score of at least 620, but FHA loans may accept scores as low as 580 (or even 500 with a larger down payment). If your credit needs work, we can refer you to credit counseling services.

The good news is that your rental payment history can often be used to demonstrate creditworthiness, even if you have limited traditional credit history.

Absolutely! Buying a duplex, triplex, or fourplex can be a smart financial move. You can live in one unit and rent out the others, creating additional income to help cover your mortgage and build wealth faster.

This is one of the best strategies for Section 8 voucher holders to transition from renting to building significant equity and generating passive income.

The timeline varies, but typically takes 3-6 months from start to finish. This includes completing homebuyer education, getting pre-approved, finding a home, and closing on the property.

With proper preparation and our guidance, many families complete the process more quickly. The key is starting early and staying organized.

Your voucher continues to help you! Instead of paying a landlord's rent, the voucher payment goes toward your mortgage each month. You still benefit from the housing assistance, but now you're building equity in your own property.

The assistance can continue as long as you remain eligible and comply with program requirements. You're essentially converting rent assistance into homeownership assistance.

You must meet your PHA's income requirements for the voucher program, but you also need to show sufficient income to handle homeownership expenses. This includes the mortgage payment (after voucher assistance), property taxes, insurance, utilities, and maintenance.

Most programs require that your total housing costs don't exceed 40-43% of your gross monthly income. We'll help you determine if homeownership fits your budget.

That's perfect! This program is specifically designed for first-time homebuyers. The required homebuyer education course will teach you everything you need to know about budgeting, mortgages, home maintenance, and being a successful homeowner.

Plus, first-time buyers often qualify for additional assistance programs and benefits. We specialize in helping first-time buyers navigate this exciting journey.