Be sure you meet the eligibility requirements before applying!
I meet the eligibility requirements and I’m ready to apply. What’s next?
Mortgage lending for community land trust homes includes unique circumstances and requires specific expertise. Before consulting with a lender, please talk with us about the many available lending options.
Six Steps to Homeownership with MHT
To begin an application, make an appointment with a Methow Housing Trust staff member. Call 996-5943, or email email@example.com
Step One: Initial meeting with MHT Staff:
When meeting with MHT staff to apply, please bring with you:
Two (2) most recent pay stubs for all adults (18 and older) in your household
Any other applicable income documentation such as:
• Evidence of child support
• A year-to-date profit and loss statement and balance sheet, if you are self-employed
• Any other income documentation, including Disability, Social Security, or SSI statements
The last 2 years of signed tax returns
The last 2 years of W2s
Most recent 2 months of bank statements for all bank, retirement, or investment accounts
Asset documentation (Including: savings accounts, real estate, mobile homes, recreational vehicles, boats, art collections. DOES NOT include household possessions, cars, tool, pensions or retirement accounts.)
Credit report. You can print a free credit report at annualcreditreport.com
Completed Homekeeper Application form
After meeting with MHT staff, if you would like to submit an application to purchase, there will be a $30 application fee.
Step Two: Pre-qualifying
Initial meeting with lender as assigned by MHT
Once pre-qualified, you will be placed in the pre-qualified applicant pool
Step Three: Qualifying
Reviewed MHT’s Ground Lease Policy
Reviewed sample CCR’s for your neighborhood
Signed Intent to Purchase (Commitment to purchase a home from Methow Housing Trust) and paid $100 commitment fee
Step Four: Purchasing
Work with your CLT approved Lender and provide necessary financial documents. This process takes 45-90 days.
Order an inspection of the house (Not required for new construction)
Shop for home owner’s insurance.
Step Five: Education and Community Building
Attended a Homebuyer Education class (One 5 hour class or online class—list will be provided)
Joined MHT ($20 membership)
Met with MHT resident
Attended at least one homeowners’ group, MHT board meeting, or MHT annual membership meeting
Step Six: Final Step
Sign a Purchase & Sale Agreement and Move In!