Step by Step SoftSecond

To qualify for a SoftSecond you must:

• Be a first-time homebuyer. This means you have not owned home in the three years prior to applying for the SoftSecond™ Loan Program. If you have owned a home with a former spouse, are a single parent, or owned a home without a foundation you may also qualify for the program.
• Have completed a first-time homeownership education workshop. For a listing of SoftSecond-approved workshops, click here.
• Meet SoftSecond's income guidelines in the community you are looking to purchase in. Click here to find your community's median income limit.
• Have less than $75,000 in total household liquid assets (excluding retirement accounts such as 401K, 403b, 457 and IRA accounts).
• Agree to use the property you purchase through the SoftSecond™ Loan Program as your primary residence throughout the term of your loan.

If you think you are eligible for SoftSecond, contact a participating lender. Click here for a list of SoftSecond lenders.