What are the Borrower’s Ten Commandments?

Following these rules will help make the loan process a smooth one.

  1. Thou shalt not quit your job.
  2. Thou shalt not change your employers.
  3. Thou shalt not incur new debt, such as purchasing a new vehicle or furniture.
  4. Thou shalt not charge up your credit card balances.
  5. Thou shalt not make a large deposit to or withdrawal from your bank accounts.
  6. Thou shalt not change your mind after locking a rate.
  7. Thou shalt not co-sign for someone else loan.
  8. Thou shalt not spend your down payment money.
  9. Thou shalt not schedule a vacation prior to closing.
  10. Thou shalt not file for a divorce prior to closing.

Show All Answers

1. Do I qualify if I am self-employed?
2. What is APCHA?
3. Who is eligible for APCHA housing?
4. How is APCHA funded?
5. How much employee housing does APCHA have?
6. Are there seasonal rentals?
7. Are there year-round rentals?
8. How do I find a rental?
9. How do I apply?
10. Do any rentals allow pets?
11. If I am having trouble with my landlord, who can help me?
12. What are the qualifications to purchase employee housing?
13. How do I find out what is for sale?
14. Can a single person buy a 2 or 3-bedroom unit?
15. What is the order of priorities for sales units?
16. Who can help me with the loan?
17. What are the Borrower’s Ten Commandments?
18. Is there an appreciation cap on employee housing sales units? Why?
19. How do I find out more about buying employee housing?
20. Do owners have to list their deed restricted property through APCHA?
21. How do I sell my deed restricted housing?