Home$tart - Homebuyer Enrollment

    The Seattle Bank enrolls an average of 90 homebuyers in Home$tart each month. The following suggestions may help you ensure an efficient and timely enrollment process.

    Please allow a minimum of two weeks for the Seattle Bank to review each enrollment. The contact person listed on the enrollment form will be notified via email when the enrollment has been approved or disapproved.

    When completing the 2009 Home$tart Enrollment and Certification Form (pdf), please ensure that:

    • Every page has been completed and every field has a written response.
    • The Home$tart Program or Home$tart Plus Program number has been entered on the enrollment form in the following format: 2009C12XXX for the 2009 Home$tart Program; 2009D12XXX for the 2009 Home$tart Plus Program.
    • The “date of qualification” has been entered on the enrollment form and corresponds closely with the income documentation provided.
      • The “date of qualification” is the date the member qualified the homebuyer to participate in Home$tart (not the date the enrollment was submitted to the Seattle Bank).
      • Income documentation may not be dated more than 30 days before the “date of qualification.”
      • Income documentation may not be dated after the “date of qualification.”
      • If the “date of qualification” is 5/14/10 or after, use the 2010 HUD income limits to qualify the household’s income; if the “date of qualification” falls before 5/14/10, use the 2009 HUD income limits.
    • The “Anticipated Mortgage Closing Date” (if known) is written on the enrollment form. (Due to the large quantity of enrollments received, the “Anticipated Mortgage Closing Date” is used by the Seattle Bank to prioritize review of each enrollment).
    • All parties (the homebuyer, co-buyer, and a representative of the Seattle Bank member) have signed page two of the enrollment form.
    • The 2009 Home$tart Program Annual Income Calculation Worksheet was used to determine income for every person in the household over the age of 18 and was submitted with the enrollment. Income Calculation FAQ
    • Any member of the household over the age of 18 who does not earn or receive income has been listed at the top of the Income Calculation Worksheet. (If any member of the household over the age of 18 is a student, please contact the Seattle Bank).

    Please Note: Once enrolled in the Home$tart Program, funds are reserved for the household. The Seattle Bank is not obligated to disburse these funds and enrollment in the program is not considered a guarantee of funds. All disbursements are conditioned on the information provided on the 2009 Home$tart Disbursement Request and Certification form, supporting documentation, and the member’s compliance with Seattle Bank programs.

    Final approval of the disbursement of Home$tart funds is subject to the sole discretion of the Seattle Bank and subject to all applicable laws, rules, regulations, and policies of the Seattle Bank, as all may be amended from time to time. Participating members should advise homebuyers that the homebuyer’s receipt of Home$tart funds is not guaranteed and that there is a risk that disbursement of those funds will not be approved. The Seattle Bank is not liable for any losses or damages resulting from a failure to disburse Home$tart funds to a member or a homebuyer.

    For detailed information regarding program requirements, please refer to our Home$tart and Home$tart Plus 2009 Member Policies and Procedures (pdf), or contact Community Programs Analyst Craig Horton (206.340.2436).