We are here for you at EVERY STEP of your HOMEOWNERSHIP journey.

REFINANCING

Owners in our program are supported in researching and considering refinancing their mortgage when doing so will help them achieve their financial goals. Your' ground leases or covenants include the agreement that Homestead will approve any mortgage on the home. Homeowners contemplating a refinance should contact Homestead staff for support, information and a list of qualified lenders.

Homestead's Refinance Policy and Procedure

CAPITAL IMPROVEMENTS AND REPAIRS

Maintaining your home in good repair is an investment in your own health, safety and enjoyment of homeownership. Homestead offers our Capital Improvement program as a means by which to encourage member homeowners to maintain your home by increasing your formula resale price for some repairs or improvements.

Our program is designed to make sure that you as a homeowner can afford the repairs and maintenance needed on your home, and that changes to the home do not make it unaffordable at the time of resale to the next buyer. That’s why the first step in the process is to talk to a Homeownership Associate about the repairs or changes you would like to make. We will discuss the potential costs, your resources, and the steps to apply for Capital Improvement credit approval. All allowable Capital Improvements credits must be approved in advance.

If your home needs repair or maintenance and you are unable to afford the expense, our Homeownership Staff will make referrals to grant and financing opportunities for which you may be qualified. Contact us at owners@homesteadclt.org for assistance.

Capital Improvements Policy

Capital Improvements Application -- Fillable PDF or Printable

SELLING YOUR HOMESTEAD HOME

Are you ready to sell your Homestead home? We are here to help. According to agreements you signed when you first purchased, you agree to sell the home in good condition to an income-qualified buyer at the formula price contained in your ground lease or covenant. Please contact owners@homesteadclt.org to get started.

Step by Step Guide to Selling Your Homestead Home

Preparing Your Home For Sale Handout

Resale Documents to Submit to Homestead

Notice of Intent to Sell
Resale Application: Fillable PDF or Printable
Agency Role of Homestead Disclosure
Borrower Authorization Statement
Form 17 Seller Disclosures

PREVENTING FORECLOSURE

There are many resources and options available to Homestead homeowners who find themselves in financial difficulty and falling behind on mortgage payments, tax payments or homeowners association dues. We can help and the sooner you contact us the more options you have to address your situation.

We partner with a variety of organizations that provide foreclosure and debt management resources to help you get back on your feet. They can help you understand your rights, access resources and programs, and connect you with advocates including attorneys who can assist. Please contact us at owners@homesteadclt.org today. You are not alone!

In Washington state, you have rights through the Foreclosure Fairness Act (FFA) – watch this short video to learn more about the foreclosure process and how the FFA protects you.

OCCUPANCY CERTIFICATION

Homestead is able to provide homes at reduced prices because of the funds we receive from various governments and philanthropists. As a beneficiary of these funds homeowners agree to stay in their home as their primary residence (or sell to another income-qualified buyer). Homestead agrees to make sure the homes are purchased by qualified buyers and that those buyers remain living in the home.

Each year, Homestead must submit a report to our funders that confirms that all of our homeowners are living in their home as their primary residence. To do this, we ask our homeowner’s to sign an Occupancy Certificate.

Please complete this process by: