Step 1: Make sure you meet the basic qualifications and have a serious interest in purchasing. We estimate that the minimum affordable income for this home is $76,000 gross per year. However, factors such as the amount available a down-payment may lower that requirement slightly. To purchase any home through Homestead applicants must meet the criteria listed here. Scroll to the bottom of this page to take a virtual tour of this home.
Step 2: Submit the Screening Form by Monday, March 27 at 6pm. Submission of the Screening Form indicates your interest in this home and evaluates whether you meet Homestead's initial criteria. You must submit the screening form by the deadline to be considered for this home. If you are determined to be eligible by the Screening Form and after you have verified your email, you will immediately be emailed instructions on the next step, see note below. Be sure to check your spam and other inbox folders, if you have not received an email within 10 minutes of verifying your Screening Form, please email apply@homesteadclt.org
IMPORTANT NOTE: Homestead implemented a new application portal with the launch of the Village Gardens Townhomes in May of this year. With this new application portal, applicants who have already applied through the portal will not need to submit a new application. However they may need to provide corrections to documents or updates to documents as requested by Homestead Staff. So, if you submitted an application for Village Gardens you will likely skip to Step 4, if you did not, you will go to Step 3. If you have submitted an application through the portal in the past and there have been significant changes to your situation since (change in income, household size, current address) please contact apply@homesteadclt.org. If an applicant did not complete their application by the application due date or were determined to be ineligible for Homestead's program they will need to restart their application. Anyone interested in being considered for a specific home still needs to submit that home's Screening Form by the deadline (Step 2 above).
CLICK HERE to submit the Screening Form for 2436B SW Holden St
Step 3: Submit your application within 2 weeks. Your application is due 14 days from when you submit the Screening Form, your specific application due date will be shown at the top of your application, see screenshot. A $30 application fee is due upon submission. Applications submitted late will not be considered for this home. Incomplete applications will be deleted on April 11th.
Step 4: Check your email. Homestead Staff will email you if we have any questions or need any additional documentation to evaluate your eligibility.
Step 5: Top Applicants selected and continue with the next steps in the application process. Homestead staff will select the top applicants based on Homestead's Buyer Selection Criteria. The top applicants will be invited to tour the home and will receive Homestead's list of participating lenders to seek a loan pre-approval. Being selected as a top applicant does not guarantee purchase, more than 1 top applicant will be selected to account for applicant attrition.
All applicants will received notification of whether or not they were selected as a top applicant by Friday, April 14th.
Step 6: Tour the homes and seek a loan pre-approval. Top Applicants will be invited to an in-person tour of the home and seek a pre-approval letter from a participating lender. Please do not seek a pre-approval until you are selected as a top applicant and are provided with Homestead's preferred lender list.
Step 7: Pre-approval letters due. Applicants must obtain a loan pre-approval letter by the due date to be considered for buyer selection. The pre-approval due date will be communicated when the top applicants are selected, applicants will have at least ten days to receive a pre-approval.
Step 8: Buyer Selected. A buyer will be selected based on Homestead's Buyer Selection Criteria.
We anticipate a lot of interest in this home. There are always multiple interested, eligible, and qualified applicants that apply for each home we sell. We use an objective tie-breaking process to determine which of the applicants will proceed with purchase.
We appreciate your patience while Homestead Staff review applications and answer applicant questions. Please closely follow the instructions above and in the application portal. Any updates to the sales schedule will be posted on this webpage.
