Neighborhood Stabilization Program (NSP) Prospective Homebuyer by DerrellAcrey

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									                                                                                                         Date Returned to City:




                                                                                       Office Use Only
                                                                                                         Eligibility:

                                                                                                                Eligible for low income             Not Eligible
     NEIGHBORHOOD STABILIZATION PROGRAM (NSP)                                                                   Eligible for middle income
        PROSPECTIVE HOMEBUYER APPLICATION


This program is intended to assist program-qualified households purchase vacant foreclosed houses in the City of Farmington Hills,
as their principal places of residence, through FHA-financed mortgages. This application is the first step of the assistance process to
determine and confirm eligibility in accordance with State and Federal requirements. Once income and credit score eligibility is
confirmed by the City, applicants are required to complete an eight-hour homeownership counseling class funded by the City of
Farmington Hills. Upon completion of this class, program-eligible applicants will work with realtors and FHA-approved lending
institutions to locate and purchase qualified properties. All financial assistance provided through this program will be allocated
directly to the FHA-approved lending institution; NO FUNDS WILL BE PROVIDED DIRECTLY TO ELIGIBLE
APPLICANTS. If you have any questions regarding this program, please contact our office at 248-871-2549.

Applicant Information

  Name: ________________________________________________                                                                     _____________________
                                  Last, First, Middle Initial (Please Print)                                                                 Date of Birth

  Name: ________________________________________________                                                                     _____________________
                                  Last, First, Middle Initial (Please Print)                                                                 Date of Birth

  Contact Information: Home Phone:____________________ Cell Phone:____________________
                             Email Address:________________________________________

  Household Size: (Total number in household including yourself)
                                                                                                                            SUMMARY QUALIFICATIONS
  Household Status: (Check as many of the following as pertais to your situation)                                       CANNOT CURRENTLY OWN A HOME
                                                                                                                        MINIMUM INCOME OF $1,000 MONTHLY
       Handicapped                Female Head of Household                     Senior Citizen                           CREDIT SCORE 620 OR ABOVE
  Demographic Status: (Please check only one of the below):
       African American              Alaskan Native                  American Indian                        Asian or Pacific Islander                   Hispanic

       White                      Other – Explain__________________________

Financial Information
  Household Annual Income: _______________
  Source(s):          Social Security                      Retirement            Disability                             Other ___________________
                                                                                                                                              Please Explain
  A complete copy of your most recent federal and state income tax returns, including all W-2s and schedules, must be attached to
  determine eligibility for assistance through Farmington Hill’s Neighborhood Stabilization Program. Additional documentation
  may be required before eligibility is determined.
  Applicant Certification – I/We hereby certify that the foregoing information is true and complete to the best of my/our knowledge,
  and inquiries may be made to verify the statements made herein.

         __________________________________________                                                                ____________________
                                               Signature                                                                            Date
         __________________________________________                                                                ____________________
                                               Signature                                                                            Date



    Completed original application and tax return copies     Farmington Hills Community Development Office
    must be mailed or returned in person to:                 31555 Eleven Mile Road
                                                             Farmington Hills, Michigan 48336
                                              PLEASE NOTE – FAX COPIES WILL NOT BE ACCEPTED

								
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