Home Buyers

The Trotwood CIC is eager to work with home buyers who are interested in purchasing properties in need of rehab and making them their homes.
In order to be qualified, as a home buyer, to purchase home from the TCIC, there are a few steps the purchaser must complete (see below).  Once these are completed and reviewed, you will be qualified to buy TCIC homes.  Please note, TCIC homes are generally tax foreclosure or donation properties and often require up to $30,000.00 of renovation to bring back to being habitable according to code.

STEPS TO QUALIFY TO BUY FROM THE TCIC:

  1. Complete the Home Buyer Application and submit to TCIC.
    (CLICK HERE TO OPEN TCIC HOME BUYER APPLICATION)
  2. Buyer must be able to show financial capacity to buy and renovate property to TCIC rehab standards (Local Code or HUD Quality Standards)
  3. Buyer must agree to TCIC rehab standards as part of acquiring these properties and the standard TCIC purchase agreement.
  4. Buyer must agree that they will be making this property their personal residence, and will not be renting or reselling the property at completion of renovations.

 

CLICK HERE TO LEARN ABOUT
PURCHASE-REHAB LOANS

There are many opportunities available to home buyers to get loans that will cover both the purchase costs and renovation costs of properties. These mortgage products are a great option if you are planning on buying a fixer-upper, especially through the Trotwood CIC.  Whether it is the “FHA 203(k)” or a similar product, like the “Home Style Renovator”, we encourage you to learn more about these options. Click on the link above to learn more about these options.

CLICK HERE TO LEARN ABOUT GENERAL FINANCING OPPORTUNITIES

Before you get started in the home buying process, especially buying a fixer-upper from the Trotwood CIC, it is important to ensure that you have your financial capacity to complete the project.  We will require evidence of this so we encourage you to look into this before getting started with the Trotwood CIC.  Click on the link above to learn more about the opportunities available.

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