THE PROCESS IN HOME OWNERSHIP |
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First-Time Homebuyer Definition –
HUD defines a first-time homebuyer as someone who has never owned a home before. An individual who has not owned a home for at least three years is also considered a first-time homebuyer. For couples, if one spouse is a homeowner but the other spouse has never owned before, then, according to the FHA, both spouses are considered first-time homebuyers. |
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Introductory Session -
This is your first step toward pursuing your dream of home ownership. We will introduce the process to you and complete your personal profile. |
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Homebuyer Education -
Enroll in our Homebuyer Education class. Convenient classes are offered monthly on Saturday’s training sessions and readiness tool designed with you in mind. |
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Personal Assessment -
Your counselor evaluates your needs and determines your potential. The goal is for you to become mortgage ready. |
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A Plan for Your Future -
You and your counselor will develop and pursue a plan that when followed will enable you to become mortgage ready. Your counselor will lead you to the most suitable type of mortgage. |
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Application thru Approval -
A formal application meeting will be scheduled. We will assist, monitor and follow up throughout the approval process. |
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Closing and Move In -
All documents are signed, funds are released and distributed. You realize your dream of homeownership when you receive the keys to your new home! |
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Cost to Attend -
Homebuyer Education Certificate Fee $99.00 per client. |