
Get the free independence first time home buyers program - City of Lee's Summit
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FFHB PACKET REVISED 06/08 CITY OF LEE S SUMMIT FIRST TIME HOMEBUYER MORTGAGE ASSISTANCE PROGRAM INFORMATION AND APPLICATION PACKET Program Year 2008-09 This program is a collaborative effort between
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How to fill out independence first time home

How to fill out Independence first time home?
Gather necessary documents:
01
Identification proof (e.g., passport, driver's license)
02
Social Security card or number
03
Proof of income (pay stubs, tax returns)
04
Bank statements
05
Employment verification
06
Proof of residence (utility bill, lease agreement)
Research eligibility requirements:
01
Check if you meet the income limits set by the program
02
Ensure you have not owned a home in the past three years
03
Verify if the program is available in your area
Attend a first-time homebuyer education course:
01
Many programs require individuals to complete a homebuyer education course
02
This course will provide insights into the home buying process, mortgage options, and financial responsibilities
Determine the loan amount and budget:
01
Analyze your financial situation and calculate how much you can afford for a down payment and monthly mortgage payments
02
Use online calculators or consult with a mortgage professional to get an estimate
Find a partner lender:
01
Contact approved lenders who work with the Independence first time home program
02
Request loan quotes and compare interest rates, terms, and fees
03
Choose a lender that offers competitive rates and excellent customer service
Apply for the loan:
01
Submit a complete loan application to the chosen lender
02
Provide all required documents and forms promptly
03
Cooperate with the lender during the underwriting process
Complete the home inspection and appraisal:
01
Hire a licensed home inspector to assess the property's condition
02
Schedule an appraisal to determine the home's market value
Close the loan and purchase the home:
01
Review the loan terms, closing costs, and other details before closing
02
Sign the necessary paperwork and pay the closing costs
03
Receive the keys to your new Independence home
Who needs Independence first time home?
01
Individuals or families who haven't owned a home in the past three years
02
People who meet the income requirements set by the Independence first time home program
03
Residents who live in an area where the program is available
04
First-time homebuyers who are looking for financial assistance and educational resources to navigate the home buying process
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