West Lake Grove

Applications for these homes are now closed.

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Community snapshot

Income requirement:

• 3-bedroom home: Minimum gross annual income of $74,819.54
• 4-bedroom home: Minimum gross annual income of $79,342.15

Habitat home pricing is based on household income and affordability guidelines.
For more information, see the Financial information section below.

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About this community

Located in Lake Oswego, the West Lake Grove community offers affordable homeownership in a well-established area with convenient access to shopping, schools, parks, and public transit. Residents enjoy the benefits of a peaceful setting while remaining close to everyday amenities and a vibrant downtown district.

More community details

This area is known for its excellent parks, natural areas, and highly regarded schools. Waluga Park and Lamont Springs City Park are both less than a mile away, providing opportunities for walking, recreation, and spending time outdoors close to home.

All of the homes at West Lake Grove will be built for lasting affordability. This allows homeowners to continue building equity in their homes, while ensuring that the homes are affordable to the next buyers.

All renderings/images shown are for illustration purposes only.

Home & neighborhood details

Availability

Applications for this home will be available July 6-13, 2026.

Applications for this home will be processed in order of the first completed application received and we will close applications on Monday, July 13 at 4:30 pm so that we may begin processing. Applications may be opened again if we are unable to find a qualified buyer for this home.

All required documents are due by July 13 at 4:30 pm or your application may be denied as incomplete.
Please be sure to plan ahead! Click the button below to view the full list:

All applicants will be expected to pay a $30 application fee when and if we pull your credit report.

Home sizes available

Financial information

Habitat requires homebuyers to finance the purchase of their home with a mortgage from an approved lender. This means that buyers will need to meet the underwriting requirements of the lender of choice including credit and reserve requirements.

Each neighborhood will have a mix of units available to buyers at different income levels. Depending on the buyer’s income at the time of purchase, any portion of the projected purchase price that is not covered by the mortgage, cash down payment and/or down payment assistance will be provided by Habitat.  

The housing payment will vary between buyers. Your monthly payment will be based on your income and household size.  Homebuyers must show that they can afford this payment without being cost-burdened (defined as spending more than 30-34% for your gross income for housing).

All the homes will be permanently affordable, allowing Habitat homeowners to build equity in their homes, while ensuring that the homes are affordable to the next buyer. This guarantees affordable neighborhoods in the future.

Fern Loan Program Eligibility for West Lake Grove 

All remaining homes in the West Lake Grove neighborhood are designated for buyers who qualify for Habitat’s Fern Loan Program. Under this program, buyers must demonstrate that they can afford the home’s full affordable purchase price with a resulting monthly housing payment that is at or below 34% of gross monthly income.  

Habitat partners with lenders to provide below-market interest rate mortgages, which significantly lowers monthly payments. Based on current rates, a buyer would typically need an annual household income of approximately $74,819.54 for a 3-bedroom unit or $79,342.15 for a 4-bedroom unit to qualify for these homes without other resources.  

Buyers may also qualify with a lower income if they have access to down payment assistance, grants or subsidies from partner organizations, or personal savings. These additional resources reduce the loan amount and make the home affordable for buyers below the typical income threshold. 

To help us confirm eligibility, applicants will need to show documentation that any down payment funds or down payment assistance they plan to use is already secured at the time of application.  

Resources

Please join our mailing list to hear when we open our next round of applications for future communities. 

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