What’s the process for buying a home in Powder House?
Prospective home-buyers must secure approval from the Membership Committee and Board of Directors before moving in.
- First, agree to terms with the seller of the home and sign a Purchase and Sales Agreement.
- Second, immediately complete and submit a Membership Application. The Board of Directors must approve new Members through an application process which includes criteria for Membership. Click here for more details.
- Third, if you require home financing, arrange for a loan as you would in any other community.
- Fourth, if you would like to look at financing your home purchase at Tucker Drive, 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!