MBCAHF Down Payment Assistance Program Application Form

MBCAHF Down Payment Assistance Program Application Form

Please complete all sections carefully to apply for the MBCAHF Down Payment Assistance Program. Provide accurate information to ensure your application is processed smoothly. MBCAHF staff will contact applicant via email with a decision or request of additional information.

Applicant Personal Information
Full Name of Applicant*

First NameLast Name
Phone Number*
Please enter a valid phone number.
Email Address*
example@example.com
Current Residential Address*

Street Address

Street Address Line 2
CityState / ProvincePostal / Zip Code

Co-Applicant Personal Information
Full Name of Co-Applicant

First NameLast Name
Co-Applicant Phone Number
Please enter a valid phone number.
Co-Applicant Email Address
example@example.com
Co-Applicant Current Residential Address

Street Address

Street Address Line 2
CityState / ProvincePostal / Zip Code

Credit Scores
Applicant Equifax Credit Score:*
Applicant Experian Credit Score:*
Applicant Transunion Credit Score:*
Co-Applicant Equifax Credit Score
Co-Applicant Experian Credit Score
Co-Applicant Transunion Credit Score

Household Members and Income Sources
Number of Household Members*
Will the number of people living in your household change in the next 90 days?*

YesNo
If yes, please explain:

Employment and Income Details - Primary Job
List all household members, relationship, income amount and income source. Income sources include primary job, second job, child support, social security, SSI, pension, retirement, alimony, or other. Example: Jane Doe, SELF, $50,000, Primary Job*
Primary Applicant Employer Name*
Employer Address*
Employer Phone Number*
Please enter a valid phone number.
Monthly Gross Income*
Co-Applicant Employer Name
Employer Address
Employer Phone Number
Please enter a valid phone number.
Monthly Gross Income

Authorization and Consent
By signing below, I acknowledge any money received from MBCAHF is a loan and not a grant.

• 20% of the loan is forgiven each year for 5 years
• No payments are due on the loan unless the applicant transfers, refinances the first mortgage, or no longer occupies the home as the primary residence in the first 5 years

By signing below, I

• Certify that all information reported in and submitted with this application is complete, true and correct. I also understand that it is against the law to knowingly present false information on this application
• Authorize MBCAHF to verify all information reported on this MBCAHF DPA Application and Bank Loan Application
• Authorize MBCAHF to obtain verification of employment
• Agree to provide MBCAHF with information requested in a timely manner
• Understand that completing this application should not be construed as being an approval of a loan
• Certify that I am a U.S. Citizen or Legal Alien.
Applicant*

First NameLast Name
Applicant Signature*

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Co-Applicant (if applicable)

First NameLast Name
Co-Applicant Signature

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The MBCAHF offers down payment assistance for workforce income home buyers making at or below 120% of the area median income as published by the Department of Housing and Urban Development (HUD). Income thresholds are subject to change based on HUD’s annual reporting. The MBCAHF DPA program offers a subordinate loan for a portion of down payment and closing costs. The MBCAHF DPA program is a loan, not a grant. 20% of the loan is forgiven each year, over 5 years and no payments are due unless you (1) sell or transfer the home, (2) refinance your f irst mortgage, or (3) you no longer occupy your home as your principal residence.

By signing below, I/we acknowledge any money received from MBCAHF DPA Program is a loan, not a grant.
Applicant*

First NameLast Name
Applicant Signature*

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Co-Applicant (if applicable)

First NameLast Name
Co-Applicant Signature

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INFORMATION DISCLOSURE AUTHORIZATION

To Whom It May Concern: I/We hereby authorize you to release to MBCAHF, Inc. the following information for the purpose of verification:

1. Employment history (dates and title)
2. Income Sources
3. Banking and Savings
4. Credit Scores
5. Mortgage Company (loan information)
6. Any other information deemed necessary for the purpose of processing or reverifying your file

This information is for confidential use in verifying information to be used in determining program eligibility. A photographic copy of this authorization (being a valid copy of the signatures of the undersigned), may be deemed the equivalent of the original and may be used as a duplicate original.
Applicant*

First NameLast Name
Applicant Signature*

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Co-Applicant (if applicable)

First NameLast Name
Co-Applicant Signature

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