Pre-Qualification Survey

Prosperity Center Pre-Qualification Survey

Welcome to the Pre-Qualification Survey for the Prosperity Savings Program.  When you are done, click finish and submit to save your answers and complete the form.  If you meet the qualifications for pre-approval, you will receive an email with the next steps to continue the application process.

NOTE:  YOU ARE REQUIRED TO ANSWER ALL QUESTIONS TO MOVE TO THE NEXT STEP IN THE APPLICATION PROCESS

Address
Have you served in the United States military?
Will there be a co-applicant?
Please select ONE of the following that applies to you:
By expressing interest in the Pathway to Homeownership program, I acknowledge that it is my duty to assess and verify whether my income meets the requirements for a mortgage loan approval to purchase a home in Frederick County. This evaluation is essential before proceeding with an application to participate in the Pathway to Homeownership program. Please indicate your understanding:
I understand that if I already own a home, I am not eligible for the Pathway to Homeownership program.
I understand that if I already own a car, I am not eligible for the Pathway to Transportation program.
Do you currently earn wages from full-time work, part-time or self-employment?
Participants are responsible for getting approved for a mortgage loan from a lender and must make sure they can qualify for a mortgage loan at their current annual household income. Use the ALICE Survival Budget as a guide.
 
Do you have an additional source of Income (part-time job, self-employment, housing voucher)?
Are you able to save a minimum of $50 or more per month for a car, or a minimum of $100 per month for a home?

Can you answer YES to at least one of the three questions?

1. Was your last year’s income at or below qualifying levels?
Household Size ALICE Survival Budget**
Single-parent household Max Income		 ALICE Survival Budget**
Two parent household Max Income		  
 
1 $48,564 -  
2 $72,900 $62,868  
3 $104,268 $93,540  
4 $125,460 $113,676  
5 $156,612 $144,960  
6 - $168,240  
       








 



*The above chart assumes that head of households are under 65 years old and that all children are under 4 years old. If you have any questions, please contact Joyce Kwamena-Poh at jkwamenapoh@uwfrederick.org.

If you would like to check your exact household income please reach out to Joyce or visit the United For ALICE website and input Frederick County, Maryland at unitedforalice.org/household-budgets/maryland.
 
2. Were you eligible for the EITC (Earned Income Tax Credit) last year?
3. Is your net worth below $15,000? (Not including one residence and one vehicle)
If no, you do NOT qualify for this program.