OUR CRITERIA
Helping Families Working Toward Their Own Home
OUR CRITERIA
Together for a Greater Purpose helps eligible families purchase a home in the Greater Twin Cities area. Eligibility in our program is based on the applicant’s level of need. To qualify for a Down Payment Grant, applicants mist meet 100% of the criteria listed below:
- Meet the annual household income requirements
- Receive a referral from a social service organization (successfully complete required program) or independent family approved by TFGPurpose
- Have at least one child under the age of 15 living in the home full time and attending school on a regular basis
- Have a stable job with a minimum 2-year work history (and the ability to verify through a reference)
- Have a credit score 680 or higher
- Be willing to partner with Together for a Greater Purpose to invest time in their home
- Agree to sit with our Home Owner Coach to discuss budget, home maintenance, quality of life, etc..
- Agree to purchase their first home as their primary residence
- Have the ability to repay a mortgage through an affordable payment plan
- Agree to multiple yearly unscheduled visits with a Together for a Greater Purpose appointed Counselor/Social Worker to check on the stability of the family.
- Agree to maintain the property in good working order
- Agree to live in the property for a minimum of 3 years*
- Able to prove the information provided on the application is correct
* If you sell the house before the agreed 3 year period, you will need to repay a percentage of the downpayment/closing cost grant back to Together for a Greater Purpose, up to:
- 75% of Grant – 1 Year
- 50% of Grant – 2 Years
- 25% of Grant – 3 Years
- 0% – After 3 Years
* The chart below is revised annually.
| HHS Poverty Guideline for 2023 | 187% TFGPurpose Guideline |
|---|---|
| Family of 2 $17,420 | $32,663 |
| Family of 3 $21,960 | $41,175 |
| Family of 4 $26,500 | $49,688 |
| Family of 5 $31,040 | $58,200 |
| Family of 6 $35,580 | $66,713 |
| Family of 7 $40,120 | $75,2252 |
| Family of 8 $44,660 | $83,738 |
| HHS Poverty Guideline for 2023 |
187% TFGPurpose Guideline |
|---|---|
| Family of 2 $17,420 | $32,663 |
| Family of 3 $21,960 | $41,175 |
| Family of 4 $26,500 | $49,688 |
| Family of 5 $31,040 | $58,200 |
| Family of 6 $35,580 | $66,713 |
| Family of 7 $40,120 | $75,2252 |
| Family of 8 $44,660 | $83,738 |
FAMILY & COMMUNITY
Together for a Greater Purpose believes family and community relationships are critical to passing down cultural values and traditions to each generation.
POSITIVE CHANGE
Together for a Greater Purpose believes growing up in a safe, stable environment strengthens the dreams and goals children hope to achieve, assuring them they can do and be anything they want.
PAYING IT FORWARD
Together for a Greater Purpose believes receiving support from family members and the community encourages individuals to invest their time, energy, and love back into others and their community.
EQUALITY
Together for a Greater Purpose believes family and community relationships empower children to be more confident and empathetic, helping each other grow and leave behind the individualized society we face today.
RECENT WORK
Helping Families Purchase Their Own Home in the Greater Twin Cities.
TESTIMONIALS
“TFGPurpose was a blessing to our family as they helped us accomplish a huge goal in our life, buying a home! They were there every step of the way, resourceful and treated us like family!”