Detroit home mortgage requirements

Thank you for making an application for down payment assistance with National Faith Homebuyers. In order for us to process your request, the following documents are required.

To be in line for Down Payment Assistance you must submit items 1, 2 & 3 below:

1. Lender Pre-Approval Letter* (Required)
2. Accepted Purchase Agreement* (Required)
3. Completion of HUD or MSDHA-approved homebuyer education* (Required)
4. Most recent 30 Days income for ALL household members over the age of 18
5. Two years of tax returns & W-2’s for ALL household members over the age of 18
6. Most recent 3 months of asset verifications (bank statements)
7. Application for homebuyer assistance (Note: Anyone 18+ must sign page 2)
8. Copy of driver’s license or state-issued identification: front and back for anyone 18+
9. One of the following requirements must be met:
   • Copy of social security card for all household members
   • Permanent residents must provide included evidence of lawful permanent residence for all household members
   • Non-permanent residents must provide a valid SSN, except for those employed by the World Bank, a foreign embassy, or equivalent employer
10. One of the following:
    • Employment Authorization Document (USCIS Form I-766) showing that work authorization status is current
    • A USCIS Form I-94 evidencing H-1B status, and evidence of employment by the authorized H-1B employer for a minimum of one year
    • Evidence of being granted refugee or asylee status by the USCIS
    • Evidence of citizenship of the Federated States of Micronesia, the Republic of the Marshall Islands, or the Republic of Palau
11. Birth certificates for household members under the age of 18
12. Signed lead disclosure form
13. Signed freedom to choose form
14. Proof that you have not held an interest in property in the last 3 years
15. Proof that you are a city of Detroit resident AND that you resided in the city of Detroit for the last 12 months OR that you lost a home due to property tax foreclosure within the city of Detroit during the period of 2010-2016
16. Signed Detroit Residency Attestation form
17. Signed Household No-Income Persons Attestation form
18. Signed Homebuyer Interest Certification form
19. Signed City of Detroit Employee Disclosure form (if applicable)

1. Flood Determination
2. Appraisal (1004)
3. First Mortgage Application (1003)
4. Title Insurance
5. Loan Estimate
6. Any Renovation Specific Documents at the request of NFH

1. For purchases including renovations – Certificate of Acceptance is required after lender approval of the completion of any repairs executed during the draw period for any renovation mortgage (A Private inspection may NOT be used as a substitute)

1. Signed Purchase Agreement
2. Copy of Earnest Money Deposit (EMD)

When all documents have been received by National Faith Homebuyers; confirmed for completion, accuracy, and eligibility; the material will be submitted to City of Detroit for final approval and reservation of funds. The City of Detroit requires 5 business days prior to the scheduled closing in order to issue DPA approval in a timely fashion. These documents may be shared electronically with previous authorization from National Faith Homebuyers.

If you should have any questions or concerns, please do not hesitate to contact National Faith Homebuyers at (313) 255-9500 or www.nationalfaith.org.

National Faith Homebuyers