APPLICATION FOR SAIL LOFTS PHASE I I, print names and provide information for all persons applying for title on housing purchase) acknowledge the following information is true and understand that any inaccuracy may disqualify me from eligibility. How are you employed? I am a W-2 employee (i.e. I receive a paycheck from my employer) and I have attached: my most recent federal tax return and W-2, and my two most current pay stubs. OR: I am self-employed and I have attached: the past 2 year s business and personal federal tax returns, and a copy of my business license. Where do you work? I am an employee or owner of a business located in Summit County. Are you a first-time homebuyer? Yes, and I agree to complete the free first time homebuyer course before I purchase this home. No, I am not a first-time Homebuyer. Please confirm the following: I have read and understand the terms of the deed restriction for the Sail Lofts (or if not yet available I know it is my responsibility to read and understand them when they become available.) I work a minimum of 30 hours/week average, year-round within Summit County I have read and understand the terms of the HOA (or I know it is my responsibility to read and understand them when they become available.) I agree to complete an Affidavit of Compliance each year I own this property. PAGE 1
Please confirm the following (cont d): I have provided the SCHA with my non-refundable application fee of $35 (Please note that you are able to send the $35 via Zelle; please send to Info@summithousing.us) I have attached my lender pre-qualification letter What is your current living situation? Renting Own Staying with family or friends Other: HOME SELECTION: Select all Homes which you are interested in purchasing, and for which your income qualifies you to purchase. Sail Lofts Building 1 Deed Restricted Unit List Unit # Beds Baths Max Income Sale Price 1102 2 2 $97,920.00 $332,553 1103 (ADA) 1 1 $74,800.00 $232,197 1106 2 2 No max $469,000 1202 2 2 No max $489,000 1203 1 1 $95,200 $332,553 1303 1 1 $102,000 $366,005 PAGE 2
HOUSEHOLD INFORMATION Name: Street Address: Mailing Address: Phone: (work)_ First Middle Last (cell/home) E-mail: Household Members: Name Age Relationship _ Are any household members students? YES NO If yes, FULL TIME PART TIME Household/Owner Income Information: The applicant, by executing this application, gives SCHA permission to contact their current employer(s) to confirm that they work 30+ hours per week on an annual average basis. The unit owner s income will be used to determine compliance with the income cap established by the County. All incomes of household members 18 years of age or older who will occupy the home and be on the deed and/or loan will be used to determine eligibility. Please list all employers and all income of all household members 18 years of age or older. Household Member Name On Deed and/or Mortgage (Y or N) HR contact Employer Address HR Phone #_ (circle one) #hrs/week Household Member Name On Deed and/or Mortgage (Y or N) HR contact Employer Address_ HR Phone # (circle one) #hrs/week_ PAGE 3
Household Member Name on Deed and/or Mortgage (Y or N) _ HR contact Employer Address HR Phone # (circle one) #hrs/week_ List total cash available for down payment and closing costs $ Source: List any ownership interest in real estate in Colorado residential commercial): vacant land Property Address: TOTAL GROSS HOUSEHOLD ANNUAL INCOME: $ _ (usually box #5 from your W-2) AFFIRMATION I, the undersigned, hereby declare, under penalty of perjury, that the information provided in this Application for Housing is true and correct. Primary Buyer/Applicant Signature Date Printed Name Email Address Mobile Phone # Secondary Buyer/Applicant Signature Date Printed Name Email Address Mobile Phone # PAGE 4
SM COMBINED HOUSING AUTHORITY APPLICATION FOR HOUSING Equal Opportunity Housing CONDITIONAL BUYER APPROVAL FOR SUMMIT COUNTY COLORADO PROPERTIES WITH RESTRICTIVE COVENANTS (To be completed by first mortgage lender ONLY) Lender Name: Applicant(s) Name(s): Property Address: Today's Date: Expiration Date: --- ---- (Not to exceed 90 days from today's date) Please check that all items below are complete, as all need to be done to receive the applicant's approval to purchase from the SCHA. The above named lender has reviewed all required documentation from the above referenced applicant(s) including: D Income: Verified current paystubs, W-2s, and 1040s D Credit Ratios: Within acceptable range, as of date listed above D Credit: Pulled and verified credit report data D Assets: Verified required bank statements to show adequate funds available to close on this property D Occupancy: Verified applicant is eligible to purchase a primary residence It is the educated opinion of the above named first mortgage lender that the above named applicant(s) will qualify for a first mortgage in the amount of: ** The SCHA acknowledges that this is not a FORMAL loan approval nor a commitment to lend. ** Signed & Acknowledged: Lender Printed Name: Lender Physical Address: Phone: Email Address: NMLSRID#: Drop off completed application at 110 Ski Hill Road, Breckenridge, CO 80424 or email info@summithousing.us. Call (970) 453-3555 with any questions, and we would be happy to assist you. P::ioi:> 5