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HOME BUYER PROCESS
These are the basic steps involved to apply for Boreal Development Home Ownership
SUBMIT YOUR APPLICATION FOR ELIGIBILITY
INCOME +AMI*
VERIFICATION
NOTIFICATION
OF ELIGIBILITY
* See AMI Chart below
SUBMIT MORTGAGE PRE-APPROVAL
See Resources + Worksheets page for Boreal Development preferred lenders.
SUBMIT LETTER
TO GNDH
AMI %
ENTER THE LOTTERY
LOTTERY
POOL**
NAME DRAWN
FROM LOTTERY
SEPT. 1, 2023
NOTIFICATION
OF SELECTION
(OR NOT)
** All eligible applications will be put into a single drawing /lottery pool to avoid any bias in the selection process.
BUY THE HOUSE
SIGN
PURCHASE
AGREEMENT
COMPLETE CLOSING
MOVE IN!
AMI %
Your household's total annual income must not exceed 115% of AMI to qualify for the GNDH pilot home.
APPLY TODAY!
LOTTERY POOL DRAWING SEPT. 1, 2023
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