FAQs

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Fukuzato Sanchez Family
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Home Loan Program FAQ

Can I use a First Story loan to purchase a home in my area?

First Story is a nonprofit lender who works exclusively with builder Hayden Homes to offer loans on pre-selected homes in existing Hayden Homes communities. First Story does not offer loans outside its loan program. 

How much is the monthly payment for a First Story home?

Monthly payments, which include mortgage, insurance, taxes and HOA, vary based on the home’s location. 

When will you have a home available in my area?

Home locations and application status is available on our Own a Home page.

What are the qualifications for a First Story home?

Loan eligibility & qualification criteria may vary based on the home’s location. In general, you will need to meet the following requirements before submitting an application: 

  • You currently have no negative credit accounts or items in collections.
  • You currently live or work in the County where the home is located.
  • You are a U.S. citizen or have permanent resident alien status (required for borrower on title only). 
  • You are a first-time home buyer. 
  • Your gross annual income is at or below the 80% AMI limit for your household size in the County where the home is located.
How do I find the Area Median Income (AMI) for my area?

You can view the Median Family Income limits for First Story home locations here.
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What if there is no housing partner listed in my area?

If there is no housing partner listed in your area, please email us at info@firststory.org to learn how to complete the required homebuyer education class. 

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How do I apply for a First Story home?

First Story works closely with nonprofit housing partners who specialize in homeownership preparedness and financial readiness. We notify our partners when a home becomes available in their service area. Potential applicants should work with our partner to complete their homebuyer education and financial literacy counseling. After completion, our housing partner will assist with the application process. Visit our Own a Home page to find a nonprofit housing partner in your area.

Are funds raised from the Hayden Homes Charitable Covenant used to build First Story homes or fund First Story 0% interest mortgages?

No. While Hayden Homes is our founder, First Story homes and our homeowner loan program are made possible by individuals, organizations and companies who donate funds, building materials, and volunteer hours to make homeownership a reality for our deserving families.

For more information on how Charitable Covenants specifically support First Story Grants, please see below.

GENERAL FAQ

Can I volunteer for First Story?

First Story does not offer traditional volunteer opportunities. If you would like to make an impact in changing a family’s life, please visit our Donate page.

Can I use Venmo to make a donation?

Yes, First Story has a Venmo account secured by PayPal. Find us @firststoryorg.

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Where does the money go when I donate to First Story?

First Story receives no government funding and relies on gifts of cash, labor and materials to construct our homes. Additionally, we sell every home move-in ready so that our buyers are not financially burdened by the costs of things like appliances, landscaping, and window coverings. Donations help First Story offset the costs of providing move-in ready homes.

What is your Tax ID Number?

Our Tax ID# 91-1755886.

Is First Story a 501c3?

Yes, First Story is a public, 501c3 nonprofit organization.

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