your First Home or Long-time Owner? We Can Help You.
Home Buyer Education
Our 8-hour Homebuyer Education classes help you determine if
homeownership is right for you and guide you through the home
buying process. You receive a free follow up individualized
meeting to work on your home buying plan. We help you navigate
through the purchase & sales contract, mortgage products,
home inspections, closing attorneys, home insurance options,
Regardless of your income, you may enroll in
any one of our monthly Homebuyer Workshops offered
by the NeighborWorks HomeOwnership Center in your
region. The certificate you earn can give you
access to more affordable mortgage products across the state
and country. There is a small fee for a credit report and workshop
After the homebuyer workshop, take advantage of
these free services:
and Budget Counseling: If you need to rebuild
your credit or would like guidance on budgeting toward buying
a home, we offer confidential financial counseling.
Products: We help you find the most affordable
home financing options. Our staff can help facilitate the process
with the lender you choose and works with you every step of
homebuying considerations: We can discuss with you
what to expect from the home inspection, appraisal, homeowners
insurance, and closing.
Affordable Homeownership Opportunities
All of the HomeOwnership Centers offer directly or work with
partners that have shared-equity homes for sale from time
to time. Shared equity homes have grants built into the purchase
price, sometimes grants of more than $50,000 off the appraised
value. They are more affordable than regular market homes
because, in exchange for this built-in grant, homeowners
limit the sale price to 25% of any increase in value when
they sell the home. The grant stays with the home and keeps
the price affordable to the next buyer. Eligibility for shared-equity
must be a HomeOwnership Center customer.
have a stable source(s) of income.
have good credit and reasonable debts.
are within the maximum income guidelines. Minimum annual income eligibility
is generally about $20,000.
Once you become a homeowner, we can help you preserve your
investment and equity. If you have taken our homebuyer workshop,
you can stop in or call any time with questions about how
to maintain your home, or whether a home equity loan is right
Rehab Loans: You do not have to be a former
customer to use our loan fund. For any homeowner that meets
income criteria, we offer low interest home repair and weatherization
loans with low monthly payments, along with free inspection
and project management services to make sure the work is completed
Intervention: If you get behind in your
mortgage payments, we work with you to get you back on track
and resolve past debt.
Prevention: If you are facing foreclosure, we can work
with you to navigate through the legal process to know what to
expect and how you can best protect your credit.