Path to Homeownership
Your journey towards homeownership begins with a single step.
We provide homeownership counseling, financial access and neighborhood development.
Complete/submit intake application and disclosure forms.
Confirmation of first scheduled appointment with Homeownership Advisor.
Prepare for first appointment by collecting financial documents requested by Advisor.
Create Action Plan during first appointment. Goal: Get you mortgage-ready!
Enroll in/complete Financial Coaching workshops.
Schedule subsequent appointment(s) with Advisor.
Enroll in/complete homebuyer education class.
Obtain conditional first mortgage loan approval.
Obtain conditional down payment assistance approval.
Shop for your home with the help of your real estate agent.
We have real estate agents who you can work with to help you find a home that’s right for you. With your approval, we will share information about how much house you can afford based on the loan amount you’ve been conditionally approved for by your first mortgage lender and we will also share the amount of down payment assistance you qualify for if you do qualify for assistance. This information will help your realtor target your search based on this information. Our Real Estate Development Department will also contact you to find out if you are interested in purchasing a home built or rehabbed by us.
Close on your loan.
Before you close on your loan, your Advisor will schedule a final appointment with you to help you review your loan documents before you actually sign them to make sure you are completely comfortable with all the terms and conditions in the documents. We never want you to sign loan documents that you don’t fully understand.
Move into your new home!
Now you’re a homeowner – congratulations! Job well done! Though we will be celebrating with you, we hope this will not be the last time we see you. We will continue to reach out to you to in the future to make you aware of other services available to you even after you become a homeowner. For example, we offer post-purchase financial coaching workshops if you want continuing help with personal budgeting. We can even help you should you decide it’s time to move. And, finally, we can help you refinance your home should you determine that this is something you would like to do in the future.