HOMES YOU CAN AFFORD
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At Homeward Homes, we know that the homebuying process can be complicated and even scary. Homeward Homes wants to make the experience, from pre-qualification to closing, simplified and painless. That is why we offer the “one-stop” shopping philosophy.
FINANCING YOU CAN AFFORD Homeward Homes have teamed up with local lenders to provide an unbeatable finance package
 30-YEAR fixed rate conventional first mortgages with below market interest rates
Reduced Closing Costs and no Points
3% Minimum Down Payment
Partial Residential Tax Abatement through the City of Cleveland
(10 years renovated homes and 15 years new construction)
Down payment Assistance Grants (income eligibility required)
No MI or PMI, with some lenders
Deferred (0% interest) Second Mortgage
City of Cleveland – up to $20,000
State of Ohio - up to $30,000
Cuyahoga County – up to $ 7,500
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GET PRE-QUALIFIED
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Getting pre-qualified through Homeward Homes has never been more efficient or easier to access. Our telephone staff is available 24/7 at (216) 774-2424 to process your information or feel free to apply now online . Please allow up to 24 hours for process completion.
In order of us to better serve you and obtain a true picture of what you qualify for, you will need to provide the following documentation, if applicable (they will later be forwarded to the lender): |
INCOME AND ASSETS
• Four recent pay stubs
• W2's for the last two years
• 1040 Federal tax returns for the last two years. If self-employed, provide last three years along with schedules. If you own rental property, include schedules.
• Statements for each bank, mutual fund, and/or investment account for the last three months
• If self-employed, year-to-date profit and loss statement prepared by an accountant
• If you own rental property, current rental agreements
• Pension award letter
• Social Security award letter
• Copy of divorce settlement (for alimony)
• Copy of child support decree, along with twelve months of cancelled checks or certified print out from enforcement agency for last twelve months.
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DEBTS
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• Names, account numbers, balances and monthly payments of all current debt
• Copy of bankruptcy and discharge papers filed within last seven years
• Proof of payment and/or satisfaction of judgment for recently paid collections or public records
• Explanation of credit report abnormalities, including: late payments, charge-offs, collections and/or liens, credit inquiries in the last 90 days, foreclosures, bankruptcy
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MISCELLANEOUS
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• Photo ID and proof of Social Security number
• Copy of divorce decree
• If you are not a US citizen, copy of green card front and back, or if you are NOT a permanent resident provide a copy of H-1 or L-1 visa
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FIND A HOME
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Once a Homeward Homes Lending Specialist completes your pre-qualification. Our experienced Sales Agents will assist you with finding a home or lot to build on.
Homeward Homes has a wide array of inventory from renovated to new construction that includes single family, condominiums, and townhouses. We also have scattered site and development type locations for new construction properties.
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OBTAIN LOAN COMMITMENT
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Once a home has been selected and a sales agreement signed, our Lending Specialists will coordinate the lender's loan application process with you. They work closely with you and the lender, collecting required documentation, to ensure that your loan is approved in a timely fashion.
The lenders staff and the Homeward Homes staff are in constant communication.
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CLOSING THE LOAN
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Once the loan has been approved and the property is completed, Homeward Homes Lending Specialists will coordinate a buyer walk through with you and our Construction staff to create a punch list of items to address. Prior to closing, a re-walk inspection will be conducted.
The Lending Specialists will coordinate signing of the final loan documents, with you and the Title Company. Your loan will normally close 24 hours after you have signed the loan documents (This means the house will go into your name). After title transfer, you will receive your keys.
You must transfer all utilities within 3 business days after the transfer.
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Get started
You can Apply Now online!
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