MAKING HOMEBUYING AFFORDABLE
COCLT offers a unique shared equity model where we own the land and the buyer owns the dwelling. We cover the difference between the original selling price and what the homebuyer can afford up to $50,000.
1. SEE IF YOU QUALIFY FOR A COCLT HOME STARTING WITH INCOME
Like any home purchase, COCLT buyers must meet certain requirements. For example, your household income must be at 120% or below of HUD area median income. View income qualification criteria.
2. UNDERSTAND HOW COCLT WORKS
Your understanding of the process and expectations are important for a successful homebuying experience. Review the COCLT 3-Step Resale Model for more details.
3. ATTEND A COCLT ORIENTATION CLASS
Join us to learn more about homebuying options and see if homeownership through COCLT is right for you. If you're currently working with a Realtor, please provide us with their name, as well as a Certificate of Completion for any homebuyer education course you've attended through a Housing and Urban Development (HUD) - approved counseling agency.