What are the recommended steps to apply for down payment assistance?
The following guideline is recommended for best results in applying for down payment assistance: – Obtain Pre-Approval from reputable mortgage lender or bank – Schedule/Attend First Time Homebuyers Education Class – Make appointment to apply for SHIP funds – Contact Realtor or Builder (wait to sign contracts) One of the reasons obtaining a pre-approval from a financial institution first is that it is the first requirement in scheduling an appointment to apply for the funding. If our office does not have a pre-approval letter from the applicant’s financial institution, an appointment will not be scheduled. The First time Homebuyers Education Class needs to be scheduled as soon as the applicant(s) are pre-approved with a lender. If there is more than one adult (e.g. husband & wife, boyfriend & girlfriend), both parties must take the class. The classes are conducted by Consumer Credit Counseling Services and are held once monthly. If the applicant(s) does not get registered in a class as
