Home Ownership & Loans

Education

With our education programs, NeighborWorks® can help you turn your dream of home ownership into a reality.

The following home owner education courses are offered as a free service:

  1. Home Buyers Education

    Monthly pre-purchase counseling by certified personnel at several locations

    2 classes – 4 hours each – must attend both for certificate

    Have you dreamed of owning a home but don’t know if or how to begin the process? This class takes you through the pre-qualifying with a lender, budgeting for a home, working with a realtor, what your credit score means, appraisals, insurance and more. Many lenders require this class. In addition, NWDHR is able to share the programs they have to offer which include down payment and closing costs, low interest loans and more.

  2. Individual Consultation

    One-on-one consultations to help with credit, budget and home purchase.

  3. Money for Life and Budgeting Classes

    Credit counseling and education for families about the importance of budgeting, saving, and maintaining a good credit score.

    4 classes – 4 hours each – must attend all for certificate

    This class is based on the text Credit When Credit is Due. Class includes creating and budget and using it, borrowing – when and why, loans and leases, dealing with delinquency/bill collectors, bankruptcy, building credit and more. This class can be reported to Consumer Credit Counseling as a way to improve credit.

Buying: You, too, can own a home

  1. Down Payment Closing Cost Program- Low interest loans for qualified applicants

    Eligibility
    • Completion of Home Buyer Education
    • Post Purchase Maintenance Class within 90 Days after purchase
    • Applicants must pay $500 out of pocket
    • Applicants must show evidence of need
    • Verification of cash assets cannot exceed a maximum of $10,000

    Down Payment and Closing Cost Program [PDF]

  2. Neighbor Next Door Program

    Low interest loans for Law Enforcement officers, pre kindergarten through 12th grade teachers, firefighters/ emergency responders and register nurses who reside in the community that they service.

    Eligibility
    • Applicants income must be 150% or below the area median income(AMI) to receive 0% interest rate
    • Applicant must show evidence of need
    • Verification of cash assets cannot exceed a maximum of $10,000
    • Completion of home Buyer Education
    • Completions of Post Purchase Maintenance course within 90 days.

Neighbor Next Door Program [PDF]

Getting started

How do I know if I’m ready to buy a home? You can find out by asking yourself some questions

  • Do I have a steady source of income (usually a job)? Have I been employed on a regular basis for the last 2-3 years? Is my current income reliable?
  • Do I have a good record of paying my bills?
  • Do I have few outstanding long-term debts, like car payments?
  • Do I have money saved for a down payment?
  • Do I have the ability to pay a mortgage every month, plus additional costs?

If you can answer “yes” to these questions, you are probably ready to buy your own home.