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Once you have attended an information session, pre-qualified for a mortgage through one of our approved lenders, and received a certificate from a HUD-certified homeownership training course, you are ready to submit your MWCLT application.
In order to determine your eligibility for our homeownership program, MWCLT staff will need to review income documents to verify that you are within the income limits for our program.
Income documents include:
- Three months of your most recent pay stubs and/or benefit statements for all adult household members
- Six months of bank statements for all adult household members for all accounts (savings and checkings)
- Two most recent Federal Tax Returns (all pages) and matching W-2s or 1099s for all adult household members
- Documentation of any assets over $5,000
Completed applications can be submitted one of three ways:
- Scan and email the application and supporting documents to applications@mwclt.org
- Fax application and documents to 804-915-8946
- Mail hard copies to:
Maggie Walker Community Land Trust
c/o Homeownership Program
203 N. Robinson St., Richmond, Virginia 23220
Next Steps:
Once your application has been submitted, reviewed, and approved by our staff, here is what you can expect. Please note that there is no guaranteed timeline for buying a home once you are approved. MWCLT homes are made available as they are built or as they are resold by current owners, and not every home will meet your needs or desires.
1. Enter the Approved Applicant Pool
2. Get notified when MWCLT homes are available for purchase
- You will receive an email from MWCLT staff when homes are available.
- You are welcome to use your own realtor or work with MWCLT’s realtor, Jenn Cox.
3. Submit a contract on a home that you want
4. Contract is awarded based on the Buyer Prioritization Policy
- If more than one applicant expresses interest in a home, a buyer will be selected based on the buyer prioritization criteria. The purpose of this policy is to prioritize applicants who have greater need because of historical and ongoing systemic inequities.
5. Attend a contract signing appointment with staff
6. Meet with attorney for ground lease review
- Once under contract, you will meet with an attorney to go over the ground lease and the CLT program in depth. During this time you will also have an opportunity to draft life planning documents, including a Last Will and Testament, Advanced Medical Directive, and Durable Power of Attorney, which you can sign at closing.