✅ Step 1 - Check Your Eligibility:
Make sure you meet the income and first-time homebuyer requirements. Income limits are up to 140% of the Area Median Income (AMI). Click here to view the income limits.

Once on that page, find your family size and look for the line referring to 50% of the AMI. Multiply that number by 2.8 and that is your maximum allowable income.


✅ Step 2 - Find a Participating Bank:
Click here to take a look at the list of banks who are participating in the program.

Reach out to the banks to confirm their participation in the region or county you are looking to purchase in.

Once you find a bank that is willing to loan in your preferred location, it's time to get the loan process moving forward.

***For more information on participating lenders click here.***

✅ Step 3 - Get Preapproved:
Contact the bank to get preapproved for your mortgage. If one bank says you don’t qualify, consider reaching out to another bank as each has different criteria.

✅ Step 4 - Enter Escrow:
Once preapproved, find a home and enter escrow. Ensure your escrow closing is scheduled within 60 days to secure the grant funds.

✅ Step 5 - Reserve Funds:
Work with your lender to reserve the grant funds as you move through escrow. You should know within 7-10 days if the funds have been reserved for you.

✅ Step 6 - Complete the Purchase:
Finalize your home purchase and utilize the $50,000 grant for your down payment and closing costs.

Remember, the funds are limited, and the process can be competitive, so it’s important to act quickly and efficiently.