Pathways to Homeownership
All of the ECLT paths to homeownership follow the same application process. You must complete the interest form and a loan pre-approval with a participating lender to go under contract on a home, and you must complete an application and receive a letter of approval in order to purchase a home.
All paths to homeownership start with ECLT qualification
Down payment assistance
At Elevation, we work to eliminate barriers to homeownership. One way we do this is through down payment assistance (DPA) programs. We work with several DPA providers to ensure that our homeowners have an affordable mortgage. If you want to learn more about our DPA resources click on applicant resources here.
Process for ECLT Homes for Sale
ECLT maintains one list of qualified applicants. Fully qualified applicants that are on this list are eligible to purchase ECLT homes for sale. Applicants for DOORS and STEP must first be fully qualified through the ECLT application process for ECLT homes for sale.
Frequently Asked Questions
I don't have $3,000 available in savings. Can I use a gift for my $3,000 minimum savings balance?
You may use a gift to supplement the required savings amount. However, at least $1,000 must be your own funds.
I'm already prequalified with my own lender. Can we use their preapproval, and can you qualify my lender?
No, all applicants must submit a loan application & pre-approval from a loan officer listed on our Partner Lender page. We are not currently accepting applications for new participating lenders.
My lender's income determination is much different than ECLT's income projection.
ECLT's income determination is based on a 12-month income projection and will rarely match your lender's income results.
Is there a paper application I can fill out?
No, an online application must be completed. Please contact us at info@elevationclt.org or 720-822-0247 for application assistance. You can also contact your lender or realtor for help.