We are always looking for lender partners! We encourage lenders to submit a proposal for an affordable package for the purchasers of NSP homes. Please review the documents below and contact us if you have any questions.
We are offering a soft second mortgage for all income qualified NSP purchasers. We complete the income qualification and you provide us with a loan certification for your client. Download a copy of the Mortgage and Note for review.
Purchaser Profile:
1) Household income of the purchaser must not exceed 120% of the Area Median Income Level.
Montgomery County, Ohio FY 2009 Income Limits for 120% of HUD Area Median Income (AMI)
| 1 Person Household | 2 Person Household | 3 Person Household | 4 Person Household | 5 Person Household | 6 Person Household | 7 Person Household | 8 Person Household |
| $52,150 | $59,600 | $67,050 | $74,500 | $80,500 | $86,450 | $92,400 | $98,350 |
2) Purchaser must have a loan certification letter with a loan approved by CountyCorp prior to making an offer to purchase.
3) Purchaser must complete 8 hours of HUD Approved homebuyer education.
4) Once income has been verified and the buyer has been pre-approved and completed homebuyer education classes, they can negotiate a contract to purchase an NSP home.
5) CountyCorp will see the transaction through, provide the downpayment assistance, loan guarantee, 5-year home warranty, and owners policy of title insurance, all at no additional cost to the purchaser.
6) Once approved by income limits and approved by a lender, purchaser must NOT incur any additional debt or make any large credit purchases or this may affect your ability to purchase a home.
In order to determine your level of interest in this program, please review the following documents:
- The Application for the Request for Proposals for Lenders
- A sample copy of the Mortgage
- A sample copy of the Note
- A sample Good Faith Estimate
- A sample Good Faith Addendum
- A sample HUD 1
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