What are the eligibility requirements for a member?
• • In order to participate in the program, a member institution must complete the FHC Lender’s Application and include the following: • A first-time homebuyer policy statement • Description of the homeownership counseling program • Description of dedicated savings accounts • Description of underwriting guidelines for first-time homebuyers • Description of special incentives to the households • A schedule of estimated closing costs and closing requirements • Samples of marketing materials •
