YEHS/RBCLT Homebuying Process
1. Attend Homebuyer Program meeting with counselor. Work on your credit and understanding homeownership.
2. Orientation. This short class gives you an overview of Red Brick and its homes. Sign up for a Pre-qualification Meeting: You will be given a list of documents to bring with you to the meeting.
3. Pre-qualification Meeting with YouthBuild/RBCLT. You and the Loan Counselor will review your credit report, pay stubs, income tax returns, bank statements, etc.
4. Housing application review: If the pre-qualification meeting and housing application review reveal areas of concern, credit problems, insufficient money for down payment, etc., YEHS/RBCLT will discuss with you how to clear up the concerns. If the Pre-qualification meeting and housing application review are favorable, and mortgage qualification is likely, you are ready to buy a home!
5. Path to Homeownership
1. Select your Home.
2. Schedule a meeting to sign the Purchase Agreement.
3. RBCLT submits your application to the lender.
4. RBCLT, Lender and Buyer work together to get the loan approved.
5. Closing. Title is transferred to you. CONGRATULATIONS! You are a homeowner!