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Homebuyer Checklist

MHIP HOMEBUYER CHECKLIST

1. Steps to Homeownership

2. VSHA will notify you by e-mail on the next steps for purchasing a MHIP home.

  • Search Home Listings by County to determine location and home that best fits your needs and budget

3. To secure the home of your choice, provide the following to VSHA:

  • Signed Purchase and Sales Agreement (P&S) - First come, first serve
  • Deposit to secure home - First come, first serve

4. Follow Purchase & Sales Agreement Timeline:

  • Apply for Park Application 
  • Apply for Mortgage  - Within 10 days of P&S Effective Date
  • Send Proof of Mortgage Financing - Within 45 day of P&S Effective Date
  • Before Mortgage Closing, Approved Park Lot Lease Agreement - Date Signed
  • Mortgage Closing - Within 75 day of P&S Effective Date

Congratulations, on your new home!

 


Not quite ready for homeownership. No problem

___ Not ready to buy a home quite yet? No worries. This is a good time to take a homebuyer education course, reach out to financial lender(s), and prepare for homeownership. Additional homes will be available soon. See Homebuyer Resources

Recommended/Optional Steps 

  • Homebuyer Education Course  
  • Housing Pre-purchase Counseling  
  • Down Payment Assistance Approval 

Please check out the MHIP website for more resources that can help make your dream of homeownership a reality.