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 $50,868 -  
2 $77,064 $64,116  
3 $109,008 $95,352  
4 $135,372 $117,972  
5 $170,832 $150,492  
6 - $176,604  

 

 

 

 

 

 

 


 

 

 

 

*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 here.
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.