Required Items needed to apply for your H.D.P.A. Grant

Personal Paper Work

Consumer Calculators

Consumer Calculators

 1. INCOME DOCUMENTATION 

a. 2017-2018 Tax Returns

b. 2017-2018 W2's or 1099's

c. Most recent 1-month paystubs.

d. Social Security Award Letters (when applicable)

e. Long Term Disability Award Letters (when applicable)  

--------------------


  2. ASSET DOCUMENTATION 

 a. Most recent 2-months bank statements

i. All pages

ii. Front and Back

iii. Showing Bank’s name

iv. Showing account number

v. Showing Borrower’s name and address

--------------------


  3. IDENTIFICATION  

 a. State Issued Picture ID

b. Social Security Card 

c. Green Card (when applicable)

d. Work Permit (when applicable)

--------------------


  4. CREDIT  

When you're ready to submit your application through the Grant Application portal,

Please provide your Debit or Credit Card information to pay $24.00 to order Credit Report

(It is preferred to use a Debit Card rather than Credit Card in order to avoid changes to your Debt to Income Ratio and Credit Profile) 

a. Name of credit card account holder 

b. Account number 

c. expiration date 

d. billing address 

e. 3-digit security #

--------------------


  5. HOUSEHOLD MEMBERS 

a. Number of people that will live in your New Home

b. Their Names,

b. Your Relationship with them

b. Yearly Income of each household member

--------------------

  

  6. OTHER   

a. Divorce Decree (when applicable)

b. Detailed Explanation of what you're trying to achieve (location, type of home, closing date, etc)

c. Contact information and best time to call (cell phone, work, email)

Please note that screenshots or photographs of (documents, letters, bank statements, tax returns, W2's, paystubs, etc.) are unacceptable to all banks. PLEASE BE SURE TO ONLY UPLOAD scanned or PDF copies of these items.

Upon receipt of your complete application package and receipt of your supportive documentation, FundMyHome.org will process and respond to your Grant request within 4-5 days.


Consumer Calculators

Consumer Calculators

Consumer Calculators

1)  FMH - DOWN PAYMENT ASSISTANCE Calculator 


 = ENTER YOUR: =

 * Monthly HOA/CONDO Fees

* Approx Closing Date

* Number of persons in Home 


 * Buyers Adj Gross Income

single / married filing single

married filing jointly / Head of Houshold


* Buyers Monthly Obligations


* Co-Buyer Adj Gross Income

if not included in buyer adj income


* Co-Buyer Monthly Obligations

If not included in buyer mo. obligations 


* Buyers Student Loans "balance"

* Co-Buyer Student Loans "balance"


* Enter Purchase Price

of property being considered.

($120,000 minimum)


If Home-Buyer Potential Eligibility 

- is POOR (over 56% ratio)

adjust home value downward.

- is GOOD (under 56% ratio)



Grant Amount should be: 

1) est. cash to close - trans without asst.

minus

2) est. cash to close - after assistance.  



THE FOLLOWING CALCULATOR IS PROVIDED FOR ILLUSTRATION PURPOSES ONLY 

IT IS NOT TO BE CONSTRUED AN A LOAN APPROVAL OR AN OFFER TO LEND.


- POTENTIAL ELIGIBILITY

- APPROXIMATE ANTICIPATED OUT OF POCKET CASH TO CLOSE

- APPROXIMATE  ANTICIPATED MONTHLY PAYMENT



--------------------



2)  USDA - ZERO OUT OF POCKET Calculator

 

United States Department of Agriculture

580 - 640 Minimum Credit Score

41% - 46% Max Debt to Income Ratio

Max Household Income Limit at 140% of Area Median Household Income


Subject Property Must be inside of a USDA Designated Area


Use Tab:

Single Family Housing Guaranteed.   



--------------------




Consumer Videos

Consumer Calculators

Consumer Videos

Video 1)

to be completed..

x

x

Consumer Videos

x


x

x

x

x


x

x

x

x