Please see the back of this notice for a list of lenders who can issue pre-approval letters for deed restricted properties.

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1 Introduction There are approximately 400 homes on Cape Cod that are affordable and carry a resale restriction that assures continued affordability. When one of these homes is placed on the real estate market as a resale, HAC is responsible for finding eligible buyers. An eligible buyer must be a first time homebuyer (exceptions apply) and meet income and asset guidelines and be qualified for a mortgage. You could be placed on the by completing the attached application. It s easy. Just complete the application and go to a local lender to be pre-approved. The lender will review your income and expenses to determine what purchase price you might qualify for. Please see the back of this notice for a list of lenders who can issue pre-approval letters for deed restricted properties. Return this APPLICATION with the pre-approval letter which is written on the lender s letterhead and includes the dollar amount for which you are pre-approved. When HAC receives the completed application and the pre-approval, your name will be added to the in the order it is received. When a home becomes available, HAC will contact you in the order your name appears on the wait list. Family size and local preference factor into the order of selection for any particular home. If you choose not to purchase a home at the time you are notified, your name will remain on the list. If you choose to purchase the home, you will be required to complete an eligibility application and supply supporting documentation. Please contact Bridget at ext 285 or ccre@haconcapecod.org with any questions. Housing Assistance Corporation offers first time homebuyer classes that qualify you for special mortgage products and down payment and closing costs assistance. Contact Cheryl at ext. 287 or ckramer@haconcapecod.org to enroll in a class. HAC s website is updated weekly with houses for sale. CHECK IT OFTEN!

2 Lenders Familiar with Deed Riders and First Time Homebuyer Mortgages Cooperative Bank of Cape Cod Mark Chasson Patty O'Brien Theroux Cape Cod Five Cents Savings Bank Darin Weeks Patti Lotane Sam McCaffrey Cape Cod Coop's First-Time Homebuyer Loan Cape Cod Five's First Time Homebuyer Loans Citizen's Mortgage Company Lisa Oakley Barbara Kakley Eastern Bank Tabitha Baker Santander Bill Carey Claudette Vickery MHP One Loan Program MHP One Loan Program Mass Housing Loans Municipal Mortgage Program MHP One Loan Program Residential Mortgage Services Cliff Carroll USDA Rural Development Tom McGarr USDA Direct Loans

3 For office use only: Personal Information Applicant Name:_ Address: Co-Applicant Name:_ Address: _ State: Zip Code: _ State:_ Zip Code: Home Telephone Number: Cell Phone Number: _ Occupation: Employer: Employer Home Telephone Number: Cell Phone Number: _ Occupation: Employer: Employer: Yrs. In current job: Yrs in occupation: _ Yrs. In current job: Yrs in occupation: Household Size: Number of Adults: Number of Children: Ages:,,, Have you recently (in the past 3 months) seen your credit report? In your estimation how would you rate your credit history? Poor Fair Good Excellent Don t Know What do you currently pay for rent? Does any member of you household currently or within the past three years own/owned any residential property? Is any member of the household 55 or over? Anticipated/Real proceeds from sale of home: Homebuyer education: I have attended a Home Buyer Education Workshop series. Yes_ No If yes, location Date Do you have down payment money available? YES Amount: $ NO (Remember, you need to have at least 1.5% of the purchase price of your OWN money for down payment.) Are you a first time homebuyer? YES NO Someone who has not owned a home in 3 years, a person 55 and older, or a displaced homemaker. Circle each area where you want to live. Lower Cape Mid Cape Upper Cape No Preference If you are interested in a particular HAC resale property, please provide address of property:

4 Race/Ethnicity: (OPTIONAL) (HAC is required to collect this data because we receive funds from HUD for counseling services.) Ethnicity: Hispanic Non-Hispanic Race: American Indian/Alaskan Native_ Black or African American Multi Race: American Indian or Alaskan Native and White Black or African American and White Other Multiple Races Asian White_ Native Hawaiian or other Pacific Islander Asian and White American Indian or Alaskan Native and Black or African American ANNUAL INCOME Source Applicant Co-Applicant Other Household Members 18 & over Salary Overtime Pay Commissions Fees Tips Bonuses Interest Dividends Net Income From Business Net Rental Income Social Security, Pensions, Retirement Funds, Etc. Received periodically Unemployment Benefits Workers Compensation Alimony, Child Support TAFDC Part Time Work Other Total for each household member: Total Gross annual Total Down Payment HOUSEHOLD income: $ Assets: $ _ Available: $ 2015 HUD Income Limits for Affordable Buyers Household Size 1 Person 2 Persons 3 Persons 4 Persons 5 Persons 6 Persons 7 Persons 8 Persons 80% of AMI $46,100 $52,650 $59,250 $65,800 $71,100 $76,350 $81,600 $86,900

5 Please fill in the following information regarding your household s possible local preference: My children attend school in: I live and/or work in: Co-Applicants children attend school in: Co-Applicants lives and/or works in: IMPORTANT Your lender s letter of mortgage pre-approval and the most recent pay stub for all applicants must be attached to this application! By signing this application; Agreement and Signature I understand that this is an application to be placed on an affordable home ownership waiting list and is NOT an offer or guarantee of housing. I understand that it is my responsibility to notify Cape Community Real Estate (CCRE) of any changes in my situation, income or address. I understand that CCRE may release my name to housing related agencies and businesses interested in working with homebuyers such as real estate offices, banks, etc. I understand that I am self-certifying that my household income fits within the affordable guidelines, that my assets do not exceed $75,000 and that this information will be verified if I am being considered for a unit. Applicant Signature_ Co-Applicant Signature Date_ Date_