• Applicant must meet the Florida Bond Guidelines of Affordable Housing Level

• Applicant(s) agree to disclose any/all financial information as requested/required within the stated timelines to complete the transaction.

• Applicants acknowledge there will be significant financial obligations on their part, beyond and in addition to any grant awarded, needed to close the home purchase transaction. Applicant understands and acknowledges that the RWorld Community Foundation of the Broward, Palm Beaches, St. Lucie Realtors®, Inc. has made no evaluation of and/or determination as to the affordability or suitability of the home for the Applicant or of the value of the home, and no such inference should be made due to the fact that Applicant has submitted information to RWorld Community Foundation of the Broward, Palm Beaches, St. Lucie Realtors®, Inc. regarding the purchase price of the home and/or the Applicant’s income or creditworthiness. Applicant shall be solely responsible for making any and all such evaluations and determinations where a grant is awarded to the Applicant by RWorld Community Foundation of the Broward, Palm Beaches, St. Lucie Realtors®, Inc.

• Applicant agrees the RWorld Community Foundation of the Broward, Palm Beaches, St. Lucie Realtors®, Inc. is not a party to any contract entered into by Applicant and will have no contractual obligation(s) in connection with any contract entered into by the Applicant(s) and shall not assume any financial or legal responsibility, nor assume legal actions, ramifications, or be liable for any loss of funds or housing incurred by Applicant for any reason.

• Applicants and Household Adults shall be named on the application by legal name and financial information as applicable to Florida Bond Program regulations.

• Applicants may not own other properties as a whole or in part through their own name, business name, or hold housing ownership with any other residential or business entity.

• Applicant(s) understand this application information may be subject to review by RWorld Community Foundation Trustees, The State of Florida, Financial Institutions, along with Federal IRS Tax, as applicable for review and disclosure of Attainable Housing assistance through the Florida Bond Program.

• Applicant is legally responsible to disclose all information on Application and by additional comment.

• Housing Requirement: Location is within Broward County, Palm Beach County, and St. Lucie County.

• Applicants shall disclose all legal and fictitious names upon application.

• Applicant will disclose any and all business holdings held personally or by partnership or by any undocumented (non-recorded/registered) agreement(s).

Grant guidelines are simplified to streamline the efficiency of the Foundation’s objectives.

1. Applicants must be first-time homebuyers.

2. Applicants must be employed or show verifiable income.

3. Applicants must have a bilateral contract for purchase of a primary residence in Broward County, Palm Beach County or St. Lucie County.

4. Applicants must have low-income levels as defined by Florida Bond Program.

5. Reserves – determined by lender approval or Grant Guidelines – may not exceed 3 months PITI.

Maximum Income for household

• 1-2 Person(s) - $113,640

• 3+ Person(s) - $114,360

Equal Opportunity:

Attainable Housing Grants are awarded without regard to race, color, national origin, religion, sex (including gender, gender identity and sexual orientation), familial status, handicap or age. The Foundation is often requested by potential donors, to provide age, income, ethnicity, and other information to receive grant contributions. By submitting this application, the applicant authorizes the Foundation to provide any information set forth in the application for the purpose of obtaining grant contributions from donors or for any governmental agency requesting that information, both now and in the future. “A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE (800-435-7352) WITHIN THE STATE. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE." REG. # CH23435

The grant will apply only to the purchase of the home listed on the Sales Contract submitted. Once the grant is approved, the closing must occur within 60 days, or the applicant must submit a handwritten letter delivered to Broward, Palm Beaches & St. Lucie Realtors® RWorld Community Foundation with a request for extension. Grants will be awarded up to $2,500. No grant money may be issued directly to the applicant or as cash back at closing. A new application must be submitted if a grant is awarded, and the closing does not occur.

If the grant is approved, a preliminary Closing Disclosure statement is required prior to grant funding. *In the case of FHA loans, grant funds must be approved by the lender.

Funds can be used for the following:

• Credit Report

• Hurricane Shutters (if required)

• Homeowner’s Insurance

• City water/sewer hookup (if required)

• Home Inspection

• Survey

• Title Fees – required to close

• Recording Fees, Doc Stamps & Intangibles

You may ask your lender or Realtor® (if you are using one) to assist you in completing this application.

• Completed Application delivered to RWorld Community Foundation of the Broward, Palm Beaches, and St. Lucie REALTORS, Inc. at least 21 business days before closing

• Prequalification/Pre-Approval Letter from the Lender

• Copy of Uniform Residential Loan Application

• Copy of Loan Estimate (signed)

• Proof of Employment/Income (LETTER FROM EMPLOYER VERIFYING EMPLOYMENT AND INCOME FOR ALL WORKING ADULTS IN THE HOUSEHOLD)

• Copy of most current two years Tax Returns & W-2’s (all pages) for ALL WORKING ADULTS IN HOUSEHOLD

• Copy of 30 days’ most recent Pay Stubs showing YTD information for ALL WORKING ADULTS IN HOUSEHOLD

• Copy of most current, two months of all bank statements

• Copy of Bilateral contract for purchase of a primary residence in Broward County, Palm Beach County or St. Lucie County

• Grant funds must appear on the Closing Disclosure statement*(exception FHA loan)