A buyer's 5-step program to purchase a Chicago NSP home.
Follow these simple steps to purchase a Chicago NSP home.
Comply with NSP guidelines, including income qualifications. Click here for Spanish version.
Complete the NSP registration form online or mail a completed form (click here for Spanish) to Mercy Portfolio Services as instructed on the form.
Select an NSP HUD-certified homebuying counseling agency (click here for Spanish version) and register for the required 8 hours of counseling at a date and location of your choice.
Apply for a mortgage pre-approval from a participating lender or a lender of your choice.
Complete the NSP application and ask your realtor to present the loan pre-approval, the NSP application, and your offer to the developer.