Steps to REACH Home Ownership

1. Attend orientation.
2. Complete registration form and return to REACH.
3. Obtain a tri-merged credit report.
4. Determine how to pay for counseling fees. Grants may be available to help with this cost. If available, details on grants will be provided at the orientation.
5. Schedule counseling appointment with REACH Housing Counselor. Appointments generally last one hour and are available Monday – Friday from 8 a.m. to 4 p.m.
6. Complete counseling with REACH. Clients must be in counseling for at least 30 days and attend a minimum of 3 one-on-one sessions. The actual number of counseling appointments needed will be decided on an individual basis.
7. Meet with the Program Manager to discuss the down payment assistance process.
8. Go to the bank and apply for a first mortgage.
9. Find a home and sign a purchase contract.
10. Schedule a home inspection.
11. Obtain homeowner’s insurance.
12. Ensure bank has sent appropriate information to REACH and that loan is being processed.
13. Receive final approval from REACH.
14. Set closing date and close on home.

See income limits for Anderson, Bourbon, Clark, Franklin, Harrison, Jessamine, Madison, Mercer, Montgomery, Scott, and Woodford Counties.

Additional terms and conditions may apply. Please contact REACH for more information.