Home Pre-Purchase Consultation Application

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Midland Community Development Corporation is a HUD-approved Housing Counseling Agency. However, we specialize in Pre-Purchase Counseling (Pre-Purchase Consultations) ONLY! We are service providers for the Midland, Texas area ONLY. That is the following zip codes:
  • 79701
  • 79702
  • 79703
  • 79704
  • 79705
  • 79706
  • 79707
  • 79708
  • 79710
  • 79711
  • 79712
If your physical address is out of this area or if you are needing Housing Counseling services OTHER THAN Pre-Purchase Counseling (Buying a Home), please go to the HUD Housing Counseling Services search tool at https://hudgov-answers.force.com/housingcounseling

If your physical address is located in the zip codes listed above and you would like to take the Homebuyer Education course BEFORE completing the application, please go to https://www.ehomeamerica.org/midlandcdc for the online course. The course is normally $99 but enter coupon code MIDLAND60 and pay only $39!

If you are outside of our service area, please DO NOT COMPLETE THIS FORM!
If you are within our service area, please proceed. It takes approximately 30-60 minutes to complete the application. However, you can complete the application at your own pace as you will have the option to save your progress and resume at a later time. To do so, please click on the box at the top of the page. If at ANY TIME you have any questions or concerns or, if you need assistance completing the application, please call us at 432-682-2520 between the hours of 9 am-5 pm from Monday through Friday. 
 
We look forward to working FOR you!

General Intake

Please list the employment wage-earner who has been employed for the longest time as the primary applicant.
If there is no employment wage-earner in the household, please list the person with any type of income as the primary applicant.

































The following information is requested by the Federal Government for certain types of loans related to a dwelling in order to monitor the lender’s compliance with equal credit opportunity, fair housing and home mortgage disclosure laws. You are not required to furnish this information, but are encouraged to do so. The law provides that a lender may not discriminate either on the basis of this information or on whether you choose to furnish it. If you furnish the information, please provide both ethnicity and race. For race, you may check more than one designation. If you do not furnish ethnicity, race or sex, under Federal regulations, the lender is required to note the information on the basis of visual observation and surname if you have made this application in person. 


Applicant Employment Information













If less than two years at current job: 















Assets, Type N/A if none

Asset Information




Asset Information




Asset Information






Budget

Please click on the following link to complete your Household Budget. Once you complete the budget, download a copy for your records and upload it to this page.
Click here to complete the budget

Agency Disclosure

Midland Community Development Corporation (MCDC) is a not-for-profit community development organization founded to provide decent, affordable housing to low- and middle-income families in Midland, Texas. MCDC is a HUD-Approved Housing Counseling Agency. As a potential client of this organization, you have the right to know the following:

MCDC is a not-for-profit organization and does not charge any fees for its pre-purchase consultation services. There IS a charge for tri-merge credit report and any associated fees.

In addition to offering pre-purchase consultation services, MCDC also finances housing developments. As a MCDC client, you are under no obligation to finance property from MCDC. MCDC will work to assist you in the purchase of any home of your choice.

MCDC also screens for various down payment assistance programs, each with their own restrictions and guidelines. As a MCDC client, you are under no obligation to participate in those programs. If you wish to pursue any form of down payment assistance, MCDC will work to assist you in determining which program best fits your needs, including but not limited to, programs offered by the City of Midland, Texas Department of Housing & Community Affairs (TDHCA), Federal Home Loan Bank (FHLB) and any others available.

All information submitted to MCDC is considered confidential and will be kept confidential unless you consent to the disclosure of such information.

MCDC is a U.S. Department of Housing and Urban Development (HUD) approved Housing Counseling Agency. MCDC also maintains affiliations, funding sources, partnerships, and working relationships with other public and private community organizations, which could create a Conflict of Interest. 

As a client, you have the freedom of choice in selecting and engaging in any and all business transactions with persons working in the financial, mortgage, real estate, homeowner education, housing counseling or other homeownership industry professionals. You have the right to make voluntary and informed decisions free of coercion, intimidation, and/or undue pressure.

If at any time you decide to terminate your relationship with MCDC, you have the right to request an assessment of your immediate and/or long-term potential for successfully achieving homeownership and a description of the recommended steps to attain your housing goal in the future. 

CLIENT DISCLOSURE & AUTHORIZATION FOR HOMEBUYER COUNSELING

 I/We would like to participate in your pre-purchase consultation sessions to help guide me/us in the process of purchasing a home.

I/We understand that my/our Pre-Purchase Consultant/Housing Counselor may discuss information about my/our credit history, financial situation, employment and other information with me/us and with other representatives of financial institutions, or agencies, as necessary, to assist me/us in the purchase of a home.

I/we understand that information about my/our personal circumstances will be treated as totally confidential and that NO information about me/us will be discussed with anyone not directly involved in our efforts to assist me/us with the purchase of a home.

I hereby authorize my/our Pre-purchase Consultant to discuss any information related to my/our personal circumstances that may be necessary in our attempts to assist me/us with the purchase of a home and to release and/or obtain credit history, financial information, employment information and any other information needed from other agencies or financial institutions when disclosing this information is essential to the home buying process.

It is expressly understood that it is my/our option, not my/our obligation, to work with the real estate agent and/or lender and/or attorney and/or other representative(s) of my choosing, and the housing counseling agency will work with such representative in assisting me/us in the purchase of a home.

I also understand this agency has partnerships and receives grants from private and public funds and I/we am/are not obligated to use these relationships.

It is further understood that, in consideration of the housing counseling agency’s assistance with my/our home purchase, I/we agree to hold harmless the home counseling agency and its agents and/or employees from any and all claims or causes of actions arising, or which may arise, from mistakes, errors or omissions in regard to said counseling.

I/We hereby authorize MCDC to verify my/our past and present employment earning records, bank accounts, stock holdings, and any other asset balances that are needed to process a mortgage loan application.

I/we further authorize Midland community Development Corporation to order a consumer credit report and verify other credit information, including past and present mortgage and landlord references.

It is understood that a photocopy of this form will also serve as authorization.

Credit Report Authorization

Client cost for credit reports through Midland CDC PER individual aged 18 years or older is as follows:
  • Visa, Discover, MasterCard - $34.55
  • American Express - $34.80
  • Bank draft/ACH - $33.80 Return fee - $3.50 (this fee is in the event of insufficient funds in bank account to cover the bank draft/ACH)
  • Cash, check or money order - $33.50

Fee MUST be paid for BEFORE scheduling the first consultation appointment.

Clients should also be aware that Midland College Business & Economic Development Center (BEDC) provides credit counseling and includes a copy of the credit report. Contact Midland College BEDC @ (432) 684-4309 or visit www.midland.edu/bedc to make an appointment. - 201 W. Florida St., Midland, TX 79701.
This is the ONLY other acceptable tri-merge credit report accepted as it also includes scores used by mortgage industry.

We pull a Tri-Merge report and scores from the three credit bureaus:
Equifax,  TransUnion,  Experian
Midland CDC can pull these reports with a “Soft Hit” which means it will NOT have a negative effect on your credit score. 


Payment Information
Enter N/A if paying by cash, check, money order or providing a copy of the report from Midland College BEDC




Expiration Date, if paying with ACH/Bank Draft, cash, check, money order or providing a copy of the report from Midland College BEDC, enter current month and year





Conflict of Interest Disclosure

The Housing Counseling Certification Final Rule does not prohibit Real Estate Agents/Realtors from taking the HUD Certification examination, working for a participating agency and becoming a certified Housing Counselor (upon passing the exam) and holding a real estate license. However, to be considered a HUD Certified Housing Counselor, one must pass the HUD certification exam and work for a participating agency (i.e., a housing counseling and intermediary organization approved to participate in HUD's Housing Counseling program). A participating agency that employs this individual would have to ensure that in the performance of their housing counseling duties, they do not violate the Conflict-of-Interest provisions located in the Housing Counseling Program Regulations (24 CFR Part 214). Included in those provisions are the following prohibitions:
 • Housing counselors cannot have a direct interest in the client. [See §214.303 (f)(1)] A housing counselor cannot receive a commission for a service (e.g., real estate commission or referral fee at closing).
• Housing counselors cannot refer clients to mortgage lenders, brokers, builders or real estate agents or brokers in which they have a financial interest. [See §214.303 (f)(2)] This means that they cannot serve as both the client's housing counselor and real estate agent or refer the client to an agent in their brokerage.
• Housing counselors must avoid any action "that might result in, or create the appearance of, administering the housing counseling operation for personal or private gain; providing preferential treatment to any organization or person; or undertaking any action that might compromise the agency's ability to ensure compliance with the requirements of this part and to serve the best interests of its clients." [See §214.303 (f)(3})

Client Acknowledgement of Disclosure

I/we do acknowledge that Sandra Torres, MCDC employee, is a licensed Texas BROKER OWNER/REALTOR. Once a Midland Community Development Corporation client, I understand that I can purchase and/or negotiate the purchase of a home from Sandra Torres, Broker Owner, Realtor, GRI, TAHS - Tres Torres Realty, LLC and/or broker, Tres Torres Realty. However, I am NOT obligated to use her services in order to receive Pre-Purchase Counseling/ Consultation services from MCDC. I understand that Sandra Torres cannot serve as both my Housing Counselor/Home Pre-purchase Consultant AND Real Estate Agent. I UNDERSTAND THAT I AM FREE TO USE ANY REAL ESTATE AGENT OR REALTOR OR BROKER/ BROKERAGE OF MY CHOOSING. I understand that the one and only exception would be for the purchase of a Midland Community Development Corporation and/or Midland Community Housing Development Organization home for which she does not receive extra compensation other than what is already compensated to her for services provided.

The following is for informational purposes ONLY. This is given to ANYONE who is interested in purchasing a home and it can also be found here. 

Please make note or bookmark the link web address for future reference.

For your protection, get a home inspection form

The following is for informational purposes ONLY. This is given to ANYONE who is interested in purchasing a home and it can also be found here. 

Please make note or bookmark the link web address for future reference.

TEN IMPORTANT QUESTIONS TO ASK YOUR HOME INSPECTOR

1. What does your inspection cover?

The inspector should ensure that their inspection and inspection report will meet all applicable requirements in your state if applicable and will comply with a well-recognized standard of practice and code of ethics. You should be able to request and see a copy of these items ahead of time and ask any questions you may have. If there are any areas you want to make sure are inspected, be sure to identify them upfront.

2. How long have you been practicing in the home inspection profession and how many inspections have you completed?

The inspector should be able to provide his or her history in the profession and perhaps even a few names as referrals. Newer inspectors can be very qualified, and many work with a partner or have access to more experienced inspectors to assist them in the inspection.

3. Are you specifically experienced in residential inspection?

Related experience in construction or engineering is helpful, but is no substitute for training and experience in the unique discipline of home inspection. If the inspection is for a commercial property, then this should be asked about as well.

4. Do you offer to do repairs or improvements based on the inspection?

Some inspector associations and state regulations allow the inspector to perform repair work on problems uncovered in the inspection. Other associations and regulations strictly forbid this as a conflict of interest.

5. How long will the inspection take?

The average on-site inspection time for a single inspector is two to three hours for a typical single-family house; anything significantly less may not be enough time to perform a thorough inspection. Additional inspectors may be brought in for very large properties and buildings.

6. How much will it cost?

Costs vary dramatically, depending on the region, size and age of the house, scope of services and other factors. A typical range might be $300-$500, but consider the value of the home inspection in terms of the investment being made. Cost does not necessarily reflect quality. HUD Does not regulate home inspection fees.

7. What type of inspection report do you provide and how long will it take to receive the report?

Ask to see samples and determine whether or not you can understand the inspector's reporting style and if the time parameters fulfill your needs. Most inspectors provide their full report within 24 hours of the inspection.

8. Will I be able to attend the inspection?

This is a valuable educational opportunity, and an inspector's refusal to allow this should raise a red flag. Never pass up this opportunity to see your prospective home through the eyes of an expert.

9. Do you maintain membership in a professional home inspector association?

There are many state and national associations for home inspectors. Request to see their membership ID, and perform whatever due diligence you deem appropriate.

10. Do you participate in continuing education programs to keep your expertise up to date?

One can never know it all, and the inspector's commitment to continuing education is a good measure of his or her professionalism and service to the consumer. This is especially important in cases where the home is much older or includes unique elements requiring additional or updated training.


You have reached the end!

We will be contacting you shortly after you submit your application and we will be requesting the following from you:

Driver’s license for all household members aged 18 years or older

Social Security cards for ALL members of the household.

Divorce Decree, if applicable

Household Income
 Copies of the six most current paystubs (for all working members).
 Copies of Tax Returns (for all working members) for the past two years.
 Copies of W-2 forms (for all working members) for the past two years.

If you are self-employed or receive commission or bonus, interest/ dividends, or rental income:
 Tax returns for the last two years PLUS year-to-date Profit and Loss statement. (Please provide complete tax return including attached schedules and statements. If you have filed an extension, please supply a copy of the extension.)
 K-1’s for all partnerships and S-Corporations for the last two years (please double-check your return. Most K-1’s are not attached to the 1040.)
 Completed and signed Federal Partnership (1065) and/or Corporate Income Tax Returns (1120) including all schedules, statements and addenda for the last two years. (Required only if your ownership position is greater than 25%)

Alimony or Child Support
 Divorce decree/court order stating amount, as well as, child support income verification letter from Office of the Attorney General. (If you have online access to your case, you can log-in to request and print out your child support income verification letter.)

If the household receives Social Security income, Disability, VA benefits, Unemployment benefits and/or any other benefits:
 Award letter from agency or organization.

Source of funds and down payment
 Most recent 3 months of bank statements for all checking and savings accounts or money market funds.
 Most recent statement for any retirement accounts.
*Please note that statements must be the original statements for each cycle month and MUST include all pages. (No transaction journals accepted).
 Gifts – If part of your cash to close is a gift, provide Gift Affidavit and proof or receipt of funds.

Based on the information appearing on you application and/or your credit report, you may be required to submit additional documentation.

These documents are mandatory, if applicable, to your household. Please have these documents ready to be submitted.

We are here to serve you! You may call us at (432) 682-2520 with your questions or concerns. 

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