Checklist

Are You Eligible For A Home Purchase Or Refinance Loan?

• Will this be, or is this property, an owner occupied primary residence?
• Will this be, or is this property, a single family home or condominium?
• Do you have some money that you can put towards a down payment?
• Can you verify that you have been employed for at least two years and provide proof of income and income continuity? Examples of proof of income can include the following:
  • IRS W-2 forms for the most recent two years
  • Income tax returns for the most recent two years
  • Pay stubs for the most recent 30 days
  • Social Security award letter and evidence of a minimum of three year continuance, where applicable
  • Alimony, child support or separate maintenance income need not be revealed if the borrower or co-borrower does not choose to have it considered for repaying this loan
  • Bank statements verifying social security income for the most recent two months, where applicable
• If you have had a bankruptcy, has it been at least two years since you’ve been fully discharged?
• If you have had a foreclosure, has it been at least four years since you’ve been released?
• Is your rent or housing over the past 12 months paid with no late payments more than 30 days past due?
• Is your installment, revolving and non-traditional debt over the past 12 months paid with no late payments more than 30 days past due?
• Are your total combined medical collections, non-medical collections and charge offs under $1,000?
• Can you pay any pending judgments prior to closing?
• If purchasing a home, is it in average or better condition and completed “as is”?

As long as the home is in a qualified area* and you do not own any rental properties, you may be eligible for one of these loans.

Are You Eligible For A Home Improvement Loan?

• Will this be, or is this property, an owner occupied primary residence?
• Will this be, or is this property, a single family home or condominium?
• Can you verify that you have been employed for at least two years and provide proof of income and income continuity?
  • IRS W-2 forms for the most recent two years
  • Income tax returns for the most recent two years
  • Pay stubs for the most recent 30 days
  • Social Security award letter and evidence of a minimum of three year continuance, where applicable
  • Alimony, child support or separate maintenance income need not be revealed if the borrower or co-borrower does not choose to have it considered for repaying this loan
  • Bank statements verifying social security income for the most recent two months, where applicable

As long as the home is in a qualified area* and your provided list of improvements is approved, you may be eligible for one of these loans.

What Do You Need to Do?

Fill out and submit the Loan Form.

• You will be contacted by a representative to guide you through the next steps.
• You will be asked to provide documentation to verify that you have been employed for at least two years and provide proof of income and income continuity:
  • IRS W-2 forms for the most recent two years
  • Income tax returns for the most recent two years
  • Pay stubs for the most recent 30 days
  • Social Security award letter and evidence of a minimum of three year continuance, where applicable
  • Alimony, child support or separate maintenance income need not be revealed if the borrower or co-borrower does not choose to have it considered for repaying this loan
  • Bank statements verifying social security income for the most recent two months, where applicable

*Qualified area is defined as those census tracts designated by 2010 census data as greater than 50% African American or Black population.