continued: Coconut Creek Residential Rehabilitation
- Six (6) bank statements for all household members
- Assets - 401(K), Retirement/pension, IRA, CD = s, Annuities, etc.
- Life insurance policy with cash value and type
- Self-employment income statement with schedule C, E, or F
Social Security, Supplemental Security Income (SSI), and Disability benefits
- Proof of unearned income
- Child support/Alimony
- Contributions and Gifts
- Statement for scholarships, grants, and veterans = s administration benefits
As a reminder, the City will place a second mortgage on the property for the down payment and principal buy down assistance it has provided. The term is zero interest for 15 years. After 15 years, the loan is forgiven. Should you sell or lease your property during this period, the monetary amount of assistance you received will be due to the City. There are no monthly payments on the second mortgage. In addition, the City has requirements for refinancing of the first mortgage, should you choose to do so in the future. Effective February 22, 2006.