Complete the Application:
Please complete all parts of
this online application and submit. You will have the opportunity to print your
application for your own records once your application has been submitted.
Upload Required Documents: DO NOT SUBMIT YOUR SUPPORTING DOCUMENTS VIA EMAIL.
have submitted your completed application, you will receive an automatically
generated email with a secure link to securely upload your required documents.
Pay the Application Fee:
A one-time $25
fee is required to process your application.
Or send your check (made payable to Elevation Community
Land Trust) to Elevation Community Land Trust, 1114 W. 7th Ave.,
Denver, CO 80204. Your application review will begin
upon receipt of your application fee.
ONCE YOUR APPLICATION HAS
application process may take at least two weeks from the time your complete
application (which must include all required documents and receipt
of the application fee) has been submitted.
Completing this application does
not guarantee that you will be eligible for, or that you will successfully
purchase a home through the Elevation Community Land Trust homeownership program.
Once ECLT has reviewed your application, we will contact you regarding any
additional information needed or will send you a letter regarding your
regulations require all programs to look at a "snapshot" of your
gross income (net income, if you are self-employed) and project it forward 12
months. Federal regulations also require that we calculate income from your
assets and add that to your income. Don't be surprised if the income stated in
the letter you receive looks different than what you might think of as your
income. Feel free to ask the Elevation Community Land Trust how your income was
attend an ECLT orientation in order to be fully qualified. Check our website: www.elevationclt.org for the
link to our Orientation Schedule or download it here: Online Orientation Schedule.
requires that you attend a HUD-approved Homebuyer Education course prior to
being able to purchase a home through the program. Course information for
HUD-certified Homebuyer Training classes is available by clicking this link. https://www.chfainfo.com/homeownership/HomeBuyerEducation/HBE-inperson-schedule.pdf
or Pre-Approval Letter:
or go to this link for a list of Participating Lenders to request a
pre-qualification letter to submit to ECLT: Participating Mortgage Lenders.
submit your pre-qualification or pre-approval letter, based on a tri-merge
credit report from a CLT-approved mortgage lender, listing maximum loan amount
and loan type; housing payment not to exceed 33% of total gross household
income (net income for self-employed).
debt (including proposed housing payment) to income ratio may not exceed 43%.
following documents (if applicable) must be uploaded to a secure link which
will be automatically emailed to you following your application submission.
Please include information for all household members regardless of who will be
on the title and/or mortgage of a home.
DO NOT SUBMIT YOUR SUPPORTING DOCUMENTS VIA EMAIL. You will be emailed a secure link upon receipt of your application.
Scan and upload original documents to the secure
link you will receive following your online
application submission. Please check every box below that applies to
you and your household members.
A completed employer verification form [click here to
link to download the employer verification form] or a letter from your
employer, on letterhead, indicating your annual gross wage, start of
employment, pay schedule, expected wage increases and any overtime, bonuses,
tips or commissions.
Copies of one month’s worth of your most recent
Verification of all other sources of income (Social
Security, Social Security Disability, pension, etc.).
copies of 2 years of your most recent
Federal tax returns, all corresponding W2’s, schedules
If you are
self-employed (full or
part-time), submit a year-to-date
profit/loss statement and three years of federal income tax returns.
Submit your estimate of the income you will receive for the next 12 months and
an explanation as to how you came to that number.
from your financial institution documenting the 6-month average balance of your checking account or copies of the
most recent 6 months of checking account
A copy of
your most recent savings account
statement, including the interest rate.
A copy of
the most recent statement from all other
assets (IRA, 401K, cash value of life insurance policy, etc.) verifying the
current balance, interest rate or annual dividend payment.
If you have
been separated or divorced within the past three years, submit a copy of your divorce decree and verification of the division of marital assets, court-ordered custody
arrangements and child and/or alimony payments.
currently own a home, submit a recent appraisal of that home or the most recent Assessor’s statement and your most recent mortgage statement.
If you had
joint ownership in a property within the last 3 years and are no longer on the
Title, submit a Quit Claim Deed showing
the termination of your interest in the property.
currently own other real property, such as vacant land and/or commercial property,
submit a recent appraisal or Assessor’s statement and a recent mortgage