Creating homeownership opportunities wouldn’t be possible without our partners. If you are a lender, real estate agent, or municipal partner, find frequently asked questions and resources below. To learn more about our application process and model please take the ECLT Online Orientation, found on the Qualify and Apply page.
Please see this sheet for a list of down payment assistance resources for your buyer.
ECLT uses the highest of the following three: YTD pay period avg, most recent 2 month pay period avg & VOE info.
Please visit elevationclt.org/doors or send any additional questions to doors@elevationclt.org.
If a borrower has an average credit score of 700+, we may allow the borrower to have a 35.0% housing DTI. The total debt to income limit is still 43.0%.Â
No, only specific properties, please see listing details.
Yes, but please note that some DPAs may have special overlays that limit their use.
You only need to be certified to help a fully qualified buyer through the Doors to Opportunity process, but we recommend that you take our ECLT Online Orientation to be best prepared to support your buyer.
First, ask your client for the ECLT qualification letter. Then, ensure that they are fully qualified with a participating lender based on the property purchase price and check to make sure that the home is not on a waitlist priority list. Finally, submit the contract to our listing agent. ECLT will work with our listing agent and all parties involved to guarantee a smooth closing process.
Your client must have an official ECLT full qualification letter. The ECLT orientation certificate is not proof of approval.
No, please reach out to the listing agent for the ECLT-compatible contract template.
The best way to promote ECLT homes in your community is through community leaders, news and media, and at local events. Click here for more details.
Click here for resources.
Click here for current listings to see what homes are available in your community. Click here to learn more about the Elevation Community Land Trust model.