Please review the eligibility requirements before applying!

Steps to Homeownership with MHT

Step One: Complete the Online Application for Homeownership:

Step two: Initial meeting with MHT Staff:

After completing your online application, you will meet with MHT staff to review your application. Please bring with you:

1. Two (2) most recent pay stubs for all adults (18 and older) in your household

2. 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

3. The last 2 years of signed tax returns and W2s

4. Most recent 2 months of bank statements for all bank, retirement, or investment accounts

5. Asset documentation (Including: savings accounts, real estate, mobile homes, recreational vehicles, boats, art collections. DOES NOT include household possessions, cars, tools)

6. Credit report. You can print a free credit report at annualcreditreport.com

7. A $30 application fee is required to complete your application. Cash, Check, or CC are accepted.

8. Once your application is complete and you are determined eligible, you will enter the pre-qualified waiting pool.

Step Three:  Match with an available home! Commitment to Purchase

• When a home becomes available to you, you will be contacted by MHT staff. The wait period depends on the current wait pool. The average wait time for an MHT home is 2-3 years.

• Review MHT’s Ground Lease Policy

• Review CCR’s for your neighborhood

• Sign Intent to Purchase (Commitment to purchase a home from Methow Housing Trust) and pay $100 commitment fee

• Join MHT ($20 membership)

Step Four:  Purchasing preparations

• Sign a Purchase & Sale Agreement and pay $500 in Earnest Money to secure a specific home

  Work with a Lender and provide necessary financial documents (If necessary). This process takes 45-60 days

• Shop for home owner’s insurance

• Attend a Homebuyer Education class (One 5 hour in person or online class)

Step Five: sign final paperwork and move in!

• Sign closing documents and pay closing fees at title company.

• Receive the keys to your home after closing, and move in!