Just follow these simple instructions:
View the Online Orientation or Contact NHI for an in person Information Session This is a free session where staff provides the details of how the Land Trust operates and how you can become a Land Trust homeowner.
Fill out the NHI Homeownership Application Filling out the application does not obligate you to work with our program, but it provides more details about your financial situation. This allows us to work with you more effectively in reaching your goal of owning a home. You can apply on line or print and complete the application and submit the application to our office, 222 North Vermont Street, Covington, LA 70433 by mail or fax to 985-246-7080.
Visit an experienced homeownership counselor to learn how much housing cost you can afford. This is a chance for a trained professional to help you review your mortgage eligibility and make a home buying plan. Banks and other mortgage lenders want to see that you have a solid financial record for mortgage approval. Do not worry if your credit is not perfect, though, because there are steps you can take to help clear up your credit report. If needed the counselor can also assist you with a savings plan for earnest money deposit, down payment and closing costs, and other home purchase expenses.
Attend a Homebuyer Education Workshop NHI partners with homeownership counseling agencies that follow HUD guidelines for homebuyer training. Learn about the many stages of becoming a homeowner, from determining how much you can afford to the closing process, from people who know. Housing experts including realtors and loan officers, lead these sessions. The Workshop is for anyone thinking about buying a home, not just for NHI homebuyers. Below are NHI partner homeownership counseling agencies:
St. Tammany Homeownership Center
1400 North Lane
Mandeville, LA 70471-7787
Contact: Kevin Zamjahn 985.893.3172 Ext 225
747 Old Spanish Trail
Slidell, LA 70458
Contact: Kentrell Jones
Meet with a mortgage loan officer to get pre-approved for a mortgage We want the process to be as smooth as possible for you! So NHI has created partnerships with specific mortgage lenders to provide mortgages to our homebuyers.
Obtain approval from the NHI Selection Committee NHI staff will provide an overview of your application and financial situation to the Selection Committee at its regular monthly meeting. Staff will notify you of their decision.
Review the NHI Land Lease with an Attorney We strongly urge you to meet with an attorney to review the Land Lease. This step is taken pre-closing to ensure you understand the Land Lease, particularly the resale formula. We can provide you with the names of attorneys who are willing to work with you at a reasonable cost.
And lastly, successfully purchase your own home!