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APPLICATION PROCESS
These are the basic steps involved to apply for GNDH Home Ownership
INCOME +AMI
VARIFICATION
NOTIFICATION
OF ELIGIBILITY
LENDER
PRE-QUALIFICATION
LETTER
SUBMIT LETTER
TO GNDH
LOTTERY POOL
NAME DRAWN
FROM LOTTERY
NOTIFICATION
OF SELECTION
(OR NOT)
SIGN
PURCHASE
AGREEMENT
COMPLETE CLOSING
MOVE IN
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Complete Intake Form
-
Income Verification by GNDH (applicant must meet GNDH 115% AMI Rule)
-
First notification from GNDH of Eligibility
-
Applicant(s) get a pre-qualified for a mortgage with a lender
-
Submit pre-qualification letter to GNDH
-
Application is put into the Lottery Pool
-
Application / Name drawn
-
Notification of selection (or not)
If selected:
-
Sign purchase agreement (appraisal)
-
Complete Closing
-
Move-in
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