Kor Community Land Trust: Homeownership Pre-Application
Please enter the information required for the pre-application for
homeownership. If you meet our criteria you will be automatically directed to
the full homeownership application.
American Indian or Alaska Native
Black or African American
Native Hawaiian or Pacific Islander
American Indian AND White
Asian AND White
Black or African American AND White
American Indian AND Black
Other multiple race
Chose Not to Respond
Are any members of your household of Hispanic origin?
Limited English Proficiency?
Limited English Proficient
Not Limited English Proficient
Chose not to respond
Please email us, email@example.com, if you would like an interpreter to assist you with our application.
Do all income qualifying applicants in the household have a credit score above 620?
Note: A credit score is not a requirement, but is recommended for bank funding. If your score is lower than 620 or you do not have a credit score, please contact us. firstname.lastname@example.org
Does your household have at least one year of regular, consistent income to report?
HUD Income Inclusions and Exclusions.
Does your household fit within the current income guidelines (40-120% AMI) for your family size?
Please see our chart if you are unsure.
Are your household assets more than $20,000?
If your assets exceed $20,000 in value they must be used toward housing.
Is your Debt to Income (DTI) ratio, not including housing expenses, less than 10%?
We require that all homebuyers cover their closing costs in the amount of $2,000-$5,000. Is this something you are financially able to do?
Has anyone in your household foreclosed on a home in the past 5 years?
Has anyone in hour household claimed bankruptcy in the past 4 years?
Are all members of your household in compliance with our
Criminal Record Policy