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Home Improvement Loans
Down Payment & Closing Cost Assistance
Home Ownership Education Classes
Minor Home Repair
Acquisition Rehab Program
Foreclosure Prevention Program
SHOP Buffalo
Interest Buy Down Program
Income Limits
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The Acquisition/Rehab Program provides eligible clients the opportunity to purchase a rehabbed home
owned by West Side NHS, Inc., a certified Housing Development Organization (CHDO), at an affordable price in the West Side of Buffalo.
What is the process?
- Find out if you are eligible
- To apply for the program
- To get a mortgage
- Apply to the Acquisition/Rehab Program
- Must bring proof of income
- Must make a $500 deposit
- Must sign a Sales Contract
- Must take the Homebuyer Education Class
- Work with lending institution of your choice
- Get pre-approved for a mortgage
- Fill out a mortgage application
- Bring a copy of the mortgage commitment to WSNHS.
- Rehab begins
- WSNHS applies for eligible subsidies
- Closing Date
- Move In!
To Qualify:
- The Applicant must purchase a West Side Neighborhood Housing Services home in the Niagara District of the West Side of Buffalo.
- The Applicant must be a first time home buyer and be purchasing the home as his or her principal place of residence. They must remain in the home for 10-15 years. If the applicant moves out of the home, subsidies must be paid in full.
- The applicant must qualify for a mortgage loan with a financial institution.
- The purchaser is required to have a $500.00 deposit for their down payment.
**No Owner Held Mortgages!**
To Apply:
- Name, social security number, & date of birth for all household members.
- Payroll stubs for at least 2-months including name & address of employer.
- Proof of additional income(SS, SSI, Pension, alimony, child support , etc.)
- Proof of all income for persons living in household 18 years of age and older.
- Current monthly statement for all bank accounts.
- 2-years federal tax returns (all schedules) or have form 1722 from IRS (1-800-829-1040)
- Any Legal Document(Divorce, separation papers, etc.)
After Qualifying:
- A $500.00 Deposit.
- Sign a sales contract.
- Copy of Good Faith Estimate of closing cost.
- Copy of mortgage application or pre-approval including amount of the mortgage.
Funding is limited and on a first come first served basis.
For more information or to schedule an appointment,
please call Christopher Flynn at 885-2344 x13 or
eMail at cflynn@wsnhs.org
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