POST LOTTERY & FIRST COME FIRST SERVED APPLICATIONS

A few weeks after the BMR lottery takes place, applicants will be contacted in order of lottery rank order until all units on the listing are filled. Applicants will be requested to submit a BMR Ownership Post Lottery/Supplemental Application with supporting documents within 5 business days.

There’s no lottery for the First Come First Served listings but you must submit a First Come First Served Application with supporting documents in order to be placed in line for review in order of submission.

Read carefully before submitting:

Be sure to read and follow the general instructions on the first page of the application. The list of Required Documents are also listed on the first page of the application. Be sure to gather and include every document on the list with your application.

Applications must be submitted in ONE .pdf file, including ALL supporting documents packaged IN THE ORDER LISTED ON THE APPLICATION. The divider pages are there to guide you and the corresponding documents must be behind each divider page. Applications received in multiple files, incorrect order, formats other than .pdf or without supporting documents will not be accepted or reviewed.

For your convenience, see list of Required Documents below, as well as additional guidance.

1. CORRECT APPLICATION

Both BMR Ownership Post-Lottery and First Come First Served Applications can be found at: sfmohcd.org/homeownership-application.

2. CURRENT VERIFICATION OF FIRST TIME HOMEBUYER EDUCATION

It is your responsibility to make sure your Verification of Homebuyer Education is up to date. The Issue Date on your Verification of Homebuyer Education must be within the past year to be valid. If the Issue Date on your Verification of Homebuyer Education is close to reaching a one-year mark or has already passed, please connect with your counselor immediately to determine the next steps to renew the document. A valid Verification of Homebuyer Education will be needed for your counseling agency to issue a Certificate of Homebuyer Education once you are in a purchase contract. See Homebuyer Education Requirement and FAQs for more information.

3. PRE-APPROVAL LETTER FROM MOHCD APPROVED LENDER

Pre-approval letter must be issued by one of the MOHCD Approved Lenders, dated within 120 days of the date of application

4. PHOTO ID

Copy of current photo identification for all adult household members

5. TAX INFORMATION

  • Last three years of Federal Income Tax Returns with all schedules for all family members. Be sure to submit signed and dated copies. Do not submit state tax returns.
      • If you don’t have a copy of your tax returns, contact your accountant or the tax filing software company you used to request a copy.
      • If you are still unable to obtain a copy, you can request it from the IRS for a fee. The process to receive copies from the IRS will take approximately 2 months and you will not be able to purchase without them; therefore, we recommend you request them now, if needed. To request copies from the IRS, you’ll need to complete and mail Form 4506 to the IRS address listed on the form. Please note you need an actual copy of your original tax returns, not transcripts.
  • Last three years of W-2 and/or 1099 form(s) that add up to income on tax returns, including the interest, dividends, capital gain/loss, other income and IRA distribution amounts. OR
  • If applicable, Income Tax Declaration form found on the application itself.

6. PROOF OF INCOME FOR ALL JOBS PER PAGE 4 OF APPLICATION

  • Three most recent paystubs OR
  • If applicable, Self-employed Declaration found on the application itself with:
    • Business Income Tax Returns for three most recent years.
    • Signed and dated Profit/Loss Statement to date from last tax filing.
    • If it is a new business, or you do not file income taxes:
      • Signed and dated Profit/Loss Statement for the current calendar year
      • Copies of all invoices and payments made to the borrower as a part of self-employment in the current calendar year OR
  • If applicable, Unemployed Declaration found on the application itself (For those receiving NO income and NO unemployment benefits) OR
  • If applicable, Employment offer letter if less than 3 weeks from date of hire

7. THREE MOST RECENT BANK STATEMENTS

Three most recent Bank Statements for ALL accounts per page 5 of application. Bank statements must include all pages, including blanks.

8. LAST BANK STATEMENT FOR ALL ASSET

Last Bank Statement for ALL asset and retirement accounts per page 6 of application. Bank statements must include all pages, including blanks.

9. LEASE AGREEMENT

  • ALL pages of Lease Agreement
  • Three most recent receipts of rent payments OR
  • If rent free, provide a signed letter from landlord (can be parent)

10. GIFT FUNDS

  • Completed gift letter
  • Evidence of donor availability of funds such as Bank Statement. Blocked or crossed out documents are not accepted.