A Buyer's Guide to Futures Home Assistance

Step One:
Let us know you want to be a homeowner by. When you fill out your information, we’ll add you to our “Grant Reservation List”.

Step Two:
Next, we’ll refer you to a “Futures Mortgage Specialist”. This is a person who is trained and knowledgeable about the Futures program. This lender will help you find the right mortgage, determine the down payment that you need, and notify us of the amount of the gift on your behalf.

Step Three:
Once you’ve been pre-qualified for a mortgage, your Futures Mortgage Specialist will refer you to a Realtor or Builder who will show you homes in your price range. You may use any Realtor or Builder of your choice, but it is important that the professional you choose understands the Futures Home Assistance Program. This will ensure an easy and simple home buying adventure.

Step Four:
Once you’ve found a home, your Realtor or Builder will assist you in making a fair offer on the property you chose.

Step Five:
Now that you’ve found a home, your lender will finish the mortgage process by sending an appraiser to the property just to make sure you didn’t overpay for the property and that the property is in good condition.

Step Six:
Once the lender receives the appraisal report back from the appraiser, they can approve your mortgage for that property and secure an interest rate for you.

Step Seven:
Now that your loan is approved and your lender has set a closing date for you, your lender will request your gift from Futures Home Assistance. If the lender approves your mortgage, you will receive a gift from Futures Home Assistance.

Step Eight:
Prior to your closing, Futures Home Assistance will wire your gift to the closing or escrow company. This is the company who will ensure proper signing and recording of your mortgage documents. Your lender will refer to them as a title or escrow company.

Step Nine:
After closing, it’s time to move into your new home! All that we ask from you is that you refer someone else that you know needs a down payment and would like to own a home. We’ll take care of the rest.

Click here for the top ten mistakes to avoid when buying your new home.