You may apply to KulshanCLT programs when you meet the following criteria or have a realistic plan for becoming eligible. We encourage you to apply to our program even if you do not yet meet all the following guidelines as we partner with applicants on a first-come, first-served basis. Our credit counseling will assist you in evaluating your financial situation.

1. Minimum residency: You must currently live in and have lived or worked in Whatcom County for at least one year.

2. Income: Your household income may not exceed 80% of the median income for Whatcom County for your household size. The current (2010) maximum gross income by family size is shown in the table below. These figures are gross income, before taxes are withheld.

Income Table

Household size	1	2	3	4	5	6	7	8+
Income Limit	$38,000	$43,400	$48,850	$54,250	$58,600	$62,950	$67,300	$71,650

3. Ability to get a mortgage. This means you have:

• Good credit rating
• Low debt
• Proof of employment and/or income

4. Assets: If you have net assets exceeding $5,000 in value, they must be used toward housing. Assets include savings, land, mobile homes, recreational vehicles, boats, etc. Not included are household possessions, cars, tools, IRAs or pensions.

5. First Time HomeBuyer: You must not currently own a home nor have owned a home in the past three years.

6. Capital Requirement: You must be able to contribute, by time of closing, at least 1% of the purchase price.