HOMES YOU CAN AFFORD |
At The Cleveland Housing Network, we know that the homebuying process can be complicated and even scary. We want to make the experience, from pre-qualification to closing, simplified and painless. That is why we offer the “one-stop” shopping philosophy.
FINANCING YOU CAN AFFORD
30-YEAR fixed rate conventional first mortgages with below market interest rates
3% Minimum Down Payment
Partial Residential Tax Abatement through the City of Cleveland
(10 years renovated homes and 15 years new construction)
Deferred (0% interest) Second Mortgage
City of Cleveland – up to $20,000
Getting pre-qualified through Homeward Homes has never been more efficient or easier to access. Our telephone staff is available 24/7 at (216) 774-2424 to process your information or feel free to apply now online . Please allow up to 24 hours for process completion.
In order of us to better serve you and obtain a true picture of what you qualify for, you will need to provide the following documentation, if applicable (they will later be forwarded to the lender):
INCOME AND ASSETS
Four recent pay stubs |
W2's for the last two years
1040 Federal tax returns for the last two years. If self-employed, provide last three years along with schedules. If you own rental property, include schedules.
Statements for each bank, mutual fund, and/or investment account for the last three months
If self-employed, year-to-date profit and loss statement prepared by an accountant
If you own rental property, current rental agreements
Pension award letter
Social Security award letter
Copy of divorce settlement (for alimony)
Copy of child support decree, along with twelve months of cancelled checks or certified print out from enforcement agency for last twelve months.
Names, account numbers, balances and monthly payments of all current debt
Copy of bankruptcy and discharge papers filed within last seven years
Proof of payment and/or satisfaction of judgment for recently paid collections or public records
Explanation of credit report abnormalities, including: late payments, charge-offs, collections and/or liens, credit inquiries in the last 90 days, foreclosures, bankruptcy
Photo ID and proof of Social Security number
Copy of divorce decree
If you are not a US citizen, copy of green card front and back, or if you are NOT a permanent resident provide a copy of H-1 or L-1 visa
FIND A HOME
OBTAIN LOAN COMMITMENT
CLOSING THE LOAN
Once a home has been selected and a sales agreement signed, our Lending Specialists will coordinate the lender's loan application process with you. They work closely with you and the lender, collecting required documentation, to ensure that your loan is approved in a timely fashion.
The lenders staff and the Homeward Homes staff are in constant communication.
Once the loan has been approved and the property is completed, CHN's Lending Specialists will coordinate signing of the final loan documents, with you and the Title Company. Your loan will normally close 24 hours after you have signed the loan documents (This means the house will go into your name). After title transfer, you will receive your keys.
You must transfer all utilities within 3 business days after the transfer.
You can Apply Now online!
A Guide to other mortgage programs available to Cleveland residents.