Visiting the MHC website is your first step towards your homeownership goal. The process below will help guide you on how to go about getting a mortgage with MHC.

Contact an approved MHC Participating Lender: Only an approved MHC lender will be able to pre-qualify you and accept applications for an MHC loan product. Before contacting an approved MHC participating lender, make sure you will be eligible to use our products by following the income limits for the county in which you are considering purchasing your new home. Some of the MHC products require that you be a first-time homebuyer in certain counties.

Do your Homework: Buying your first home or moving up is a big deal and you want to make sure you and your family will be able to afford it and maintain a mortgage. MHC has several resources that can help guide you.

Get pre-qualified: Getting pre-qualified is the first step in the loan process and tells you the maximum amount the Lender will loan you for your home purchase.

Increase your knowledge: All MHC products require that you complete pre-purchase homebuyer education. Your lender will need proof that you have completed a pre-purchase homebuyer education class before moving forward with mortgage assistance from MHC.

Start Shopping: Either contact a Real Estate professional to help you find a home, or search on your own for a home that is for sale by owner that fits within your pre-approved limits and MHC’s purchase price limits. Let them know your pre-qualification status. This will then allow your seller/Real Estate professional to obtain a sales contract for you, which your Lender must have before the lender can reserve assistance with MHC for your loan.

Complete your Process: Return to your Lender who will review your complete credit history, verify your income and guide you through the rest of the loan process. Your Lender will contact MHC for you and be your contact throughout the closing process.