WHERE DO I BEGIN?

1. APPLY – Turn in a completed APPLICATION.
2. CREDIT ASSESSMENT – Personally conducted by one of Metro North’s Certified Housing Counselors.

3. TYPICAL MORTGAGE PREQUALIFICATIONS
   ‣ Minimum 1 year consecutive employment
   ‣ Minimum credit score of 620
   ‣ Debt to income ratio of 45% or lower
   ‣ Within area median income of the corresponding county

4. LENDER – qualified applicants are paired with a city-approved lender; unqualified applicants are enrolled in Metro North’s credit repair program.
5. PRE APPROVAL – A letter is issued by the city-approved lender indicating the qualified mortgage amount for the applicant.
6. SELECT A HOME – Set up an appointment to view any available properties or new construction lots.
7. CONTRACT – A $500.00 deposit is required to secure a 60 day contract for a home. During this time, a home inspection and walk through will take place.  Also, a quote for homeowner’s insurance will be requested.
8. HOME BUYER COURSE – Enroll and complete an 8-hour home buyer course  through one of the designated providers.
9. CLOSE – Congratulations
   *Process will vary for those working directly with a realtor or lender.