There are six forms you need to apply for addition to the Homebuyer Waiting List. These forms are:
- HomeStretch Home Purchase Application (three pages)
- MSHDA Authorization for Release of Information and Privacy Act Notice
- MSHDA Checklist (five pages)
- Family Composition
- MSHDA Verification of Earnings
- MSHDA Verification of Resources.
You may view these forms by scrolling down the page.
Follow the instructions below:
- Push the “Print” button in your browser’s toolbar to print these instructions and the forms.
- Fill out the Home Purchase Application. All persons who will be living in the home must be listed. If you currently live with others who will not be moving with you do not list them. All adults, ( ages 18 or older) must sign the application, however a signature is not required for a son or daughter who is 18 but still in high school. All signatures must be dated on the same day or on a date later than the Checklist.
- All adults in the household must sign the MSHDA Authorization for Release of Information and Privacy Act Notice. They must also enter their Social Security number on the form and enter the date of their signature. All dates must be the same or later than the date on the Checklist
. - Each adult in the household must complete a MSHDA Checklist. This is a critical document and all other forms and verifications must be dated on the same day or later than the date on the Checklist. If there are any “Yes” answers on the Checklist, provide verification, such as bank statements, proof of pension, proof of Social Security, support, pay stubs, etc.
- Complete the MSHDA Family Composition form. It must be signed by the head of the household. The date should be the same or later than the Checklist.
- Fill out only the top (Section A) of the MSHDA Verification of Earnings form and sign on the appropriate line. You will need a separate form for each employed person . If you or another adult in the home hold more than one job, you will need a form for each employer. You must provide a contact and a fax number where each form is to be sent. New directives mandate that the forms must be sent directly from HomeStretch to the appropriate third party and return to HomeStretch directly from that source. You may wish to alert your employer that the form will be coming and ask them to complete and return it promptly. We do not need Verification of Earning from high school students and most college students. You may make copies of the form or print as many as you need. To print extra copies, please use the “File” menu to access your printer software and indicate the number of copies you want. The Verification of Earnings form should be page 13.
- Fill out only the top (Section A) of the Verification of Resources form. Again, we need a separate form for each bank or financial institution where an adult in the household has an account. As with the above form, you must provide a contact and a fax number to which HomeStretch can fax the form(s) as new directives mandate that the form(s) go directly from HomeStretch to your financial institution(s) and return directly from them. Again, you may make copies if needed or print extras. The Verification of Resources form should be page 14.
. - If you have income from another source, such as child support or Social Security, please send verification. You may send a copy of your most recent award letters, copies of the check, etc. All income of these types must be reported and verified, even income of children.
- If you have been pre-approved for a mortgage, please send a copy of your approval letter.
- Once you have all the necessary paperwork fully completed, mail, fax or bring them to the HomeStretch office. Do not send an incomplete application package as we cannot make a determination of eligibility until we have a complete application package and your position on the Waiting List is determined by the date all necessary information is received in the HomeStretch office.
Our mailing address is: HomeStretch
3104 Logan Valley Road, Suite 300
Traverse City, MI 49684
Our fax number is: 231-947-6258
If you have questions regarding the application process, call Maureen at 947-6001, or e-mail her at maureen@homestretchhousing.org
The MSHDA forms below are quite large files. As there is a need to quickly post the new forms, they have been scanned into the page. If you have dial up connection you may need to refresh your browser one or more times to allow all the forms to download. If this does not work, or if you wish to try to access the forms directly, use the links below. These links will take you off the HomeStretch site to the MSHDA website. You will need Word or a program that can read Word to open the forms. You may lose the formatting of the forms with some programs.
- MSHDA Authorization to Release Information
- MSHDA Checklist
- MSHDA Family Composition
- MSHDA Verification of Earnings
- MSHDA Verification of Resources
HomeStretch
3104 Logan Valley Road, Suite 300
Traverse City, MI 49684
HOME PURCHASE APPLICATION
APPLICANT INFORMATION
Name: ___________________________________________________________________
Address: ___________________________________________ City: __________________
State: _________ Zip: _________ E-mail: _______________________________________
Telephone Numbers: Home: _________________________ Work: ___________________
CO-APPLICANT INFORMATION
Name: ___________________________________________________________________
Address: _________________________________________________________________
State: ________ Zip: __________ E-mail: _______________________________________
Telephone Numbers: Home: _________________________ Work: ___________________
HOUSEHOLD INFORMATION
Number of Persons in Household: Adults: ___________ Children (under 18 years)__________
Number of Persons Currently Employed: ____________
Current Employer(s)
Applicant: ____________________________________ Years with current employer: ______
Co-Applicant: _________________________________ Years with current employer: ______
Other Household Member: ________________________ Years with current employer: _____
INCOME INFORMATION
Total Monthly Household Income (base salary/wages, overtime, bonuses, commissions dividends/interest, Social Security, VA, child support, etc.) Earnings MUST be reported on MSHDA Verification of Earnings form.
Employment # 1 $______________________
Employment # 2 $______________________
Child Support $______________________
Social Security/SSI $______________________
Veterans Benefits $______________________
Other (Specify) $______________________ Income is from ___________________
Total income $______________________
ASSET INFORMATION
Provide current statements for all accounts, including those of minors in the home.
Savings # 1 $ _______________________
Savings # 2 $ _______________________
Checking $ _______________________
Other $ _______________________
Total Assets $ _______________________
DEBT INFORMATION
Total Monthly Household Debt (credit cards, car payments, bank loans, student loans, child support, alimony, etc. DO NOT include housing costs, such as rent, heat, electric, etc.)
Car Payment # 1 $______________________
Car Payment # 2 $______________________
Credit Card # 1 $______________________
Credit Card # 2 $______________________
Credit Card # 3 $______________________
Student Loan $______________________
Other $______________________
Total Debt $______________________
Has anyone in the household declared bankruptcy in the past two years? YES NO
If YES, when? _________________________________
HOME OWNERSHIP
Circle appropriate answer
I/ We currently live in a home or mobile home I / We own. YES NO
I / We currently own a home, mobile home, or real property, but I / We do not live there.
YES NO
If YES, please explain below - use back if necessary
I/ We have sold a home, mobile home, or real property in the past three years. YES NO
If YES, Date sold ________________ Amount received $_________________
CERTIFICATION AND AUTHORIZATION TO RELEASE INFORMATION
I (we) hereby certify that the information provided is true and correct as of the date set forth opposite my (our) signature and acknowledge my (our) understanding that any intentional or negligent misrepresentation of the information contained herein will result in my (our) application being denied. Further, I (we) authorize the release of information to HomeStretch and /or their agent for verification purposes.
Applicant’s Signature: ___________________________________ Date: ______________
Co-Applicant’s Signature: ________________________________ Date: ______________
