• Tools and Templates

Homebuyer Sample Application Form for NSP

Date Published: September 2010

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Description

This component of the NSP Homeownership Toolkit is intended for grantees and their partners certifying prospective homebuyers. This workbook is designed to collect information from the prospective homebuyer in order to:

  • Certify that the client is income-eligible;
  • Obtain a credit report to determine mortgage-readiness;
  • Obtain other written releases required to help the client obtain mortgage financing;
  • Estimate the amount of a first mortgage and NSP second mortgage for which the client might qualify; and
  • See if the financed amount plus the client's cash available for a down payment are sufficient to purchase an NSP home at the prices offered.

This workbook also includes a documentation checklist, a cover letter to accompany the application, and a sample form to list participating mortgage lenders.

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Tags: NSP

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Please bear in mind that these documents were created by organizations based on their specific needs and objectives, and they may reflect local laws and policies. Grantees and their partners should go through their own process to develop policies and corresponding procedures that are appropriate locally and that are compliant with federal, state, and local law.

Author Organization
  • Enterprise Community Partners
Resource Approver
  • Peer Approved