What's the process for buying a home in Lakes Region MH Cooperative?
- First, agree to terms with the seller of the home and sign a purchase and sale agreement.
- Second, immediately complete and submit a membership application. The board of directors must approve new members and there are criteria for membership and an application process. Click here for more details.
- Third, if you would like to look at financing your home purchase at Elm Brook Village, talk with any lender you want and feel free to refer the lender to our website and contact information if they need more information about the ROC. As well, there are a number of lenders who have historically loaned in the community: The New Hampshire Community Loan Fund, Priority Funding LLC, Ledyard National Bank and Sugar River Bank.
- Finally, upon board approval, payment of the membership fee, execution of an Occupancy Agreement, and a successful transaction with the seller, take the keys and start enjoying your new home and the stability and security that comes with living in a resident-owned community!