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You will hear what lenders look for in an application for a mortgage. Plus, review frequently asked questions with our Housing Advisors and get a chance to ask your questions. In fact, one of the biggest obstacles facing many homebuyers is too much debt. Your monthly debt is taken into consideration when a lender determines the mortgage amount for which you qualify. Completing your course before pre-approval will help you confidently understand the home buying and mortgage processes from start to finish. Some home buyer education programs can unlock additional benefits, like down payment assistance, which will require course completion before approval.
Studies show that people who complete home buyer education are less likely to default on their mortgages. You will also have access to special first time home buyer programs and mortgages. We are now offering our homebuyer education workshops virtually via a ZOOM conference call. Each workshop is composed of 2 live, virtual sessions, and the schedule is posted below. It’s no secret that the home buying process can be overwhelming.
Preparing You for Homeownership!
Yes, you are required to complete both days of workshops. Coaching sessions are free of charge after you complete your home buyer education training. Coaching sessions can be completed in person or virtually. Homebuyer Education Certificate of Completion – provided after you complete at least one financial coaching session. The following workshops will be held in-person at 319 SW 25th Street, OKC, 3rd floor boardroom.
Our HUD-approved Homebuyer Education Course is an eight hour program you take before you buy your home. You will learn everything you need to know in our comprehensive curriculum that offers expert advice on every aspect of home buying. We discuss credit and buying habits in the HomeBuyer Education workshop, and our HUD certified counselor will offer you advice on healthy credit habits during your one-on-one counseling session following the workshop. Our HomeBuyer Education workshop will cover mortgage qualifications and address barriers to getting a mortgage.
Open the door with education
Please complete the online intake form before registering for a First Time Home Buyer workshop or scheduling a counseling session. We bring in local professionals from every aspect of the home buying process to paint a clear picture of what to expect during the home buying process. Whether that’s a mortgage officer, realtor or home inspector you’ll have a chance to learn from the experiences of those who deal in these areas of expertise. You will learn tips you can use and become a savvy homebuyer.
We are here to help you navigate through this exciting, but complicated, process. In 2006 the Wilkins qualified for a $115,000 three-bedroom, 2 ½ bath, 1,500 square foot home in Canal Winchester to raise their then two small boys. They were approved for a mortgage on her $10 an hour job and Dwight’s part-time job at $11 an hour.
Additional Resources
HUD-certified courses are eight hours long, and most home buyer education classes last between five and eight hours. Our Homebuyer education course provides a home buying timeline with advice for each step of the journey so you feel confident buying your first home. A nonprofit organization established in 1975, NHS is committed to offering Chicago residents affordable resources so they can buy, fix, and keep their homes.
No, The HomeBuyer Education workshop is open to anyone interested in the home purchase process, regardless of income. We offer the workshop once a month on a Saturday from 8am-4pm. In June and July, we offer a split class on Tuesday and Thursday evenings. Homebuyer.com’s online course is free for everyone interested in learning about home buying. Our online registration never expires, so you can study on your schedule. Homebuyer experts are here to assist you with every step of your home buying journey.
Homebuyer Education
“It was very interesting to learn about the different types of loans that are available for people who are purchasing their first home,” adds Shah. Will help you determine whether you are ready to purchase a home and offer suggestions on managing your money and credit. The best time to enroll in home buyer education is when you decide you’d like to become a homeowner. Whether that’s in six months or six years, Homebuyer.com is here when you’re ready to start shopping. Homebuyer has over 15 years of experience in the mortgage industry, and we exclusively lend to first-time buyers. We’re experts at navigating the home buying process from the first-time buyer’s perspective.
Please contact us to reserve an over-the-phone appointment. The Homebuyer education workshop will provide you with the foundation to start your homeownership journey. The information will provide you with the ins and outs of buying a home and how to best prepare. A Housing Counselor works with applicants to help them understand the responsibilities of homeownership and how to make good housing and financial choices. In a default or foreclosure situation, the Housing Counselor will act as a mediator between the homeowner and the mortgage company to develop a resolution for qualified homeowners.
Our free credit advice is personalized to your unique situation. EHome America’s signature Homebuyer Education course is the certified web-based program for prospective first-time homebuyers. For your safety, and the safety of our staff members, we are not accepting visitors at our physical offices, and no in-person classes or workshops are being held.
Other home buyer education courses may cost between $75-$125. These classes are available online and in person, depending on your course provider. Working with a credit coach will help you pay off debt fast and manage your personal finances more efficiently.
Our mission is creating opportunities for people to live in affordable homes, improve their lives, and strengthen their neighborhoods. Copyright © 2022 Neighborhood Housing Services of Chicago, Inc. You can receive advice and information, sign up for classes and personalized homeownership counseling, and access and submit documents. Buying a first home can be an intimidating undertaking if you don’t understand the entire homebuying process.
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