Steps to Homeownership

	Attend NHS HomeBuyer Education Course to learn about HomeOwnership and decide if you are ready to purchase a home
	Fill out and return an NHS Home Ownership Program Application and make an appointment for one-on-one counseling with NHS
	At your NHS counseling appointment, talk to a housing counselor about your path to homeownership. Get advice about what you may be able to afford in a home and eligibility for loan assistance programs
	Get Pre-Approved for a maximum loan amount from the primary lender of your choice
	Contact the real estate professional of your choice and begin looking at homes in your price range
	Verify current status of pre-approval from lender and program eligibility from NHS
	Make an Offer to Purchase with your realtor, contingent upon NHS and 1st Mortgage financing and the home inspection. Give copy of accepted Offer to Purchase to NHS and primary lender.
	Order Inspection and Lead-based Paint Risk Assessment— an out-of-pocket cost to buyer of approximately $290.00. Inform your inspector that the report must also be transferred to an HQS (Housing Quality standard) form
	Give copy of inspection report and lead-based paint risk assessment to NHS to determine if any lead-based paint, health or safety issues, or code violations need to be addressed
	NHS will review your loan package and it will be presented to the loan committee for final approval
	*Lender* will then order an appraisal
	Set closing date!
	Purchase homeowner’s insurance from company of your choice. Set it up to take effect on date of closing. Be sure NHS is listed as a lien holder
	Satisfy NHS that you have (or will at closing) spent at-least $1,000 out of pocket ($500.00 if below 50% CMI). Applicable expenses include: home owner’s insurance premium, inspection fee, earnest money applied to the purchase, money brought to closing
	Attend Closing, and after reading over everything carefully, sign papers
	Enjoy your Home!