Maggie Walker CLT - 710 Saint James St (Jackson Ward)

Cost

Area median income is the middle income in the area: half of households earn more, and half earn less.

Deadline

Who can apply

Other rules from the listing

• Pre-qualification letter plus savings and down payment help must total at least $150,000.
• You must not own another home when you buy.
• The home must be your main residence and cannot be rented out.
• Your assets may not be worth more than 25% of the home's appraised value.
• You must agree to a resale price limit and sign a ground lease.

Income limits

The most your whole household can earn in a year, before taxes.

Who gets priority

These applicants move up the list.

• If more than one applicant wants a home, the buyer is chosen by the Buyer Prioritization Policy, which favors applicants with greater need

How to apply

Ways to apply

Documents you'll need

• Three months of your most recent pay stubs or benefit statements
• For every adult in the household
• Three months of bank statements for all savings and checking accounts
• Your two most recent federal tax returns (1040, all pages) with matching W-2 or 1099 forms
• Papers for any assets over $5,000
• Certificate from a HUD-certified homeownership training course
• Mortgage pre-qualification letter from one of the land trust's approved lenders

What happens next

1. 1Attend an online information session.
2. 2Get pre-qualified with an approved lender.
3. 3Take a homebuyer class.

Contact

Details