Revised October 2016

DIAMOND STATE COMMUNITY LAND TRUST, INC. 9 E. Loockerman St., Suite 205, Dover, DE 19904

Telephone 800-282-0477 www.diamondstateclt.org

Steps to Homeownership

• Contact Diamond State Community Land Trust for Information Session This is a free one-hour session where staff provide the details of how the Land Trust operates and how you can become a

Land Trust homeowner. Information sessions may be scheduled in group or individual meetings

• Fill out a Diamond State Housing Application

Filling out the application does not obligate you to work with our program, but it provides more details about your financial situation. This allows us to work with you more effectively in reaching your goal of owning a home. Return the

application to our office, 9 E. Loockerman St. Suite 205, Dover, DE 19901.

• Attend a Homebuyer Education Workshop Diamond State partners with HUD approved homeownership counseling agencies for their First Time Homebuyer

Workshops. Learn about the many stages of becoming a homeowner, from determining how much you can afford to the

closing process, from people who know. Housing experts including realtors and loan officers, lead these sessions. The Workshop is for anyone thinking about buying a home, not just for Diamond State homebuyers. These three certified

homeownership counseling agencies are our primary training partners. There is a fee for this service – each agency may charge up to $125.00.

NCALL Research Inc. – 302-678-9400 – www.ncall.org

Interfaith Community Housing of Delaware – 302-652-3991 – www.ichde.org

First State Community Action Agency – 302-856-7761 – www.firststatecaa.org

• Schedule time with Diamond State staff to review your application and make a plan

Everyone's situation is different. This is a chance for us to help you review your mortgage eligibility and make a home buying plan. Banks want to see that you have a solid financial record for mortgage approval. Do not worry if your credit

is not perfect, though, because there are steps you can take to help clean up your credit report. In addition, you will have to save for an earnest money deposit, down payment and closing costs, and other home purchase expenses.

• Meet with a loan officer to get pre-approved for a mortgage

There are specific banks that have created partnerships with Diamond State to provide mortgages to our homebuyers. A

list of approved lenders is available from Diamond State staff. Although it may be tempting to meet with other lenders, it might mean that you would have to do this step twice. We are always willing to work with new lenders, but it can take as

long as a year for them to approve the program. We want the process to be as smooth as possible for you.

• Obtain approval from the Diamond State Selection Committee Diamond State staff will provide an overview of your application and financial situation to the Selection Committee at its

regular monthly meeting. The Diamond State Selection Committee will review your application and decide to approve it or

make recommendations for future approval. Staff will notify you of their decision.

• Review the Diamond State Land Lease with an Attorney You must meet with an attorney to review the Land Lease. This is to ensure you understand the Land Lease, particularly

the resale formula. We can provide you with the names of some attorneys who are willing to work with you at a reduced cost.

• Sign a Purchase and Sale Agreement In some instances, there may be an opportunity to reserve a home with Diamond State through a "pre-sale". A pre-sale

consists of choosing a home, signing a Purchase & Sale Agreement with Diamond State and making a $1,000 deposit to an escrow account with a title company. Diamond State will assist you with the purchase process, including the required

paperwork. If there are no current properties available, you will remain on the “ready to buy” list.

• Successfully purchase your own home!

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Diamond State Community Land Trust Homeownership Application

(800) 282-0477 www.diamondstateclt.org

APPLICANT INFORMATION

Name: Marital status:

Date of birth: SSN: Gender:

Race: Hispanic or Latino:Yes No Veteran: Yes No Disabled:Yes No

Please describe disability, if applicable:

Phone: Mobile: Email:

Current address:

City: State: ZIP Code:

Own or rent? Monthly payment: Lease start/end date?

Are you at risk of being displaced? Yes If yes, please explain:

Mailing address (if different than above):

City: State: ZIP Code:

Have you owned a home in the past 3 years?

Have you been declared bankrupt within the past 7 years?

Preferred housing location: New Castle County Kent County Sussex County

How did you first hear about Diamond State Community Land Trust?

CO-APPLICANT INFORMATION, IF APPLICABLE

Name: Marital status:

Date of birth: SSN: Gender:

Race: Hispanic or Latino:Yes No Veteran: Yes No Disabled:Yes No

Please describe disability, if applicable:

Phone: Mobile: Email:

Current address:

City: State: ZIP Code:

Have you owned a home in the past 3 years?

Have you been declared bankrupt within the past 7 years?

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ALL OTHER HOUSEHOLD MEMBERS

Name: Date of Birth:

Gender: Relationship to applicant:

Race: Hispanic or Latino: Yes No Disabled: Yes No

Name: Date of Birth:

Gender: Relationship to applicant:

Race: Hispanic or Latino: Yes No Disabled: Yes No

Name: Date of Birth:

Gender: Relationship to applicant:

Race: Hispanic or Latino: Yes No Disabled: Yes No

Name: Date of Birth:

Gender: Relationship to applicant:

Race: Hispanic or Latino: Yes No Disabled: Yes No

Name: Date of Birth:

Gender: Relationship to applicant:

Race: Hispanic or Latino: Yes No Disabled: Yes No

APPLICANT EMPLOYMENT INFORMATION

Current employer:

Employer address: Date of hire:

City: State: ZIP Code:

Phone: Supervisor/Manager Name:

Position: Hourly or Salary? Annual income:

APPLICANT INCOME INFORMATION

Include any additional gross income (before taxes) not listed above. Such as tips, social security, interest, alimony, child support, disability, unemployment, etc. Self-employment income should reflect line 12 of your 1040 - income after business

related deductions.

Income Source:

Amount: How often? Last tax year:

Income Source:

Amount: How often? Last tax year:

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APPLICANT INCOME INFORMATION (CONTINUED)

Income Source:

Amount: How often? Last tax year:

APPLICANT ASSET INFORMATION

Assets include cash, savings, investments, retirement accounts, land, mobile homes, and owned vehicles. Do not include household and work-related possessions or tools.

Account Name or Description Balance, amount per month or value

1.

2.

3.

4.

5.

APPLICANT LOANS, DEBTS & OBLIGATIONS

CREDIT CARDS

Name Account no. Current balance Monthly payment

AUTO LOANS

Auto loans Account no. Balance Monthly payment

OTHER LOANS, DEBTS, OR OBLIGATIONS

Description Account no. Amount

CO-APPLICANT EMPLOYMENT INFORMATION, IF APPLICABLE

Current employer:

Employer address: Date of hire:

City: State: ZIP Code:

Phone: Supervisor/Manager Name:

Position: Hourly or Salary? Annual income:

4

CO-APPLICANT INCOME INFORMATION, IF APPLICABLE

Include any additional gross income (before taxes) not listed above. Such as tips, social security, interest, a limony, child support, disability, unemployment, etc. Self-employment income should reflect line 12 of your 1040 - income after business

related deductions.

Income Source:

Amount: How often? Last tax year:

Income Source:

Amount: How often? Last tax year:

Income Source:

Amount: How often? Last tax year:

CO-APPLICANT ASSET INFORMATION, IF APPLICABLE

Assets include cash, savings, investments, retirement accounts, land, mobile homes, and owned vehicles. Do not include household and work-related possessions or tools.

Account Name or Description Balance, amount per month or value

1.

2.

3.

4.

5.

CO-APPLICANT LOANS, DEBTS & OBLIGATIONS, IF APPLICABLE

CREDIT CARDS

Name Account no. Current balance Monthly payment

AUTO LOANS

Auto loans Account no. Balance Monthly payment

OTHER LOANS, DEBTS, OR OBLIGATIONS

Description Account no. Amount

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AUTHORIZATION TO RELEASE INFORMATION

Each of the undersigned specifically represents to Diamond State C.L.T., Inc. (DSCLT) and assigns and agrees and acknowledges that: (1) the information provided in this application is true and correct as of

the date set forth opposite my signature and that any intentional or negligent misrepresentation of this

information contained in this application may result in grounds for ineligibility; (2) the information provided in this application will be used to evaluate my eligibility for the DSCL T Homeownership

program; (3) I authorize DSCLT to share information relating to my credit history, employment history, income, bank and/or similar accounts and copies of tax returns ; (4) I am authorizing DSCLT to share

information with third parties such as: investment funders, mortgage lenders, and/or housing counselors;

(5) I agree to hold DSCLT free and harmless from any claims, damages, liabilities and legal action.

All information collected will be treated with confidentiality.

Diamond State C.L.T., Inc. does not discriminate based upon race, color, creed, national origin, sex, age, handicap, or familial status.

Signature of applicant Date

Signature of co-applicant, if applicable Date

MEDIA RELEASE

I hereby consent to being filmed, audiotaped, interviewed, videotaped and photographed by the media (print and broadcast), employees, agents or partners of Diamond State C.L.T., Inc.

Signature of applicant Date

Signature of co-applicant, if applicable Date

REQUIRED DOCUMENTS

Please include with this application:

Two most recent Federal tax returns with W-2s & 1099s,

Three months of paystubs,

Other income documentation,

Two months of bank statements for all assets

Photo ID (ex. driver’s license)

Credit Report Authorization form

Check or money order payable to Diamond State CLT for credit report (fees listed below)

CREDIT REPORT AUTHORIZATION

You must complete the attached Credit Report Authorization form and include a check or money order for the credit report.

One applicant = $25.00 Two applicants = $50.00

HOW TO SUBMIT APPLICATION & DOCUMENTS

Mail to: Diamond State CLT

P.O. Box 1484

Dover, DE 19903

Hand deliver to our office:

Treadway Towers

9 E. Loockerman St., Suite 205

Dover, DE 19901

CREDIT REPORT AUTHORIZATION AND PRIVACY DISCLOSURE FORM (EACH applicant MUST complete an Authorization Form)

I hereby authorize and instruct Diamond State CLT/NCALL to obtain and review my credit report. My credit report will be obtained from a credit reporting agency chosen by NCALL Housing Counseling Agency.

My signature below also authorizes the release to credit reporting agencies of financial or other information that I have supplied to Diamond State CLT/NCALL in connection with such evaluation. Authorization is further granted to the credit reporting agency to use a copy of this form to obtain any information the credit reporting agency deems necessary to complete my credit report.

I understand that I may revoke my consent to these disclosures by notifying NCALL in writing.

Proof of Identification (Driver or Photo ID)

Last Name (Print) First Name MI

Address City State Zip Code

Social Security # DOB (Month/Day/Yr)

Signature Date

Revised April 2014

Diamond State Community Land Trust Our mission is to strengthen Delaware communities by creating and stewarding forever affordable housing while

promoting the sustainable use of the land.

OFFICE – Date ___/___/___ File - _______________ Property - _________________________

We Seek to Serve Homeless Families and Families with Special Needs

FAIR HOUSING Diamond State Community Land Trust (DSCLT) is an equal housing opportunity provider. We do not discriminate on the basis of race, sex, color, age, disability, religion, national origin, family status, marital status, sexual orientation or because all or part of income is derived from any public assistance program. Instead, all families applying to DSCLT are approved based on their ability to meet three criteria: 1) ability to pay, 2) demonstrated need for a decent, affordable owner-occupied home; and 3) willingness to become part of Diamond State CLT.

HOMELESSNESS & SPECIAL NEEDS In order to enrich our program and organization, we seek to partner with families who have special needs or are facing homelessness.

YOU CAN HELP US BY SELF-REPORTING!

Please complete this form, checking all of the items below that may apply to you:

NAME ______________________________________________________________________________________

There is a person in your family with any of the special needs listed below:

family member with a physically and/or mental disability family member with a severe chronic developmental disability who has been diagnosed with mental

retardation and who is receiving disability benefits from federal or state government family member who is deemed developmentally disabled and is unable to perform life roles in at least

one of the major domains of living, working, learning or socializing. family member recovering from domestic abuse (physical abuse) – A person who has been subjected to a

willful action of inflicting bodily injury or physical mistreatment as documented by a qualified serviceprovider.

family member recovering from domestic abuse (emotional abuse) – A person who has been subjected toa willful action of inflicting emotional mistreatment, but has not been physically abused, as documentedby a qualified service provider.

family member recovering from chemical dependency – A person with a history of substance abuseand/or dependency who is receiving treatment for the abuse and/or dependency from a qualified serviceprovider.

family member with HIV/AIDS – A person with a medical diagnosis of Auto Immune DeficiencySyndrome or who is medically diagnosed by a qualified professional as HIV positive and who is receivingmedical care for the condition diagnosed.

Your family is or has recently been homeless as described in any of these situations:

victims of domestic violence sleeping in places not meant for human habitation (e.g., cars, parks, streets, sidewalks, etc.) sleeping in emergency shelters graduating from a transitional housing program specifically for homeless persons being discharged from an institution or foster care with no permanent residence available would be discharged from an institution if you had a permanent residence to go to are “doubled-up” and are in a situation of overcrowding

THANK YOU!