Homeowners make commuities.
We make homeowners.
Pre-purchase counseling includes but is not limited to:
- Advice regarding readiness and preparation for homeownership
- Information about Federal Housing Administration insured financing,
housing selection and mobility, search assistance, fair housing, fair lending,
and predatory lending
- Analysis of budgeting, credit, and money management
- Information about loan products and feature comparison
- Determining purchase procedures and estimating closing costs
- Selecting a real estate agent and the importance of home inspections
- Guidance on alternative sources of mortgage credit; down payment assistance;
locating housing that provides universal design and visibility, how to apply for special programs available to potential homebuyers, how to purchase a home using the Section 8 Homeownership Voucher Program, and referrals to community services and regulatory agencies.
Homeownership Education Classes
Homeownership classes are held monthly. Attend our homebuyer education series to learn about:
-how to overcome obstacles such as credit repair challenges, saving for a down payment, debt reduction, and building job history.
-a “one step at a time” approach and more peer encouragement than traditional pre-purchase workshops.
The RBC housing education program:
-Lengthens the education process for someone who is not immediately ready or qualified to become a homeowner.
-Ongoing support for the client if they encounter unanticipated challenges along the way.
-Offers peer support that can help keep clients on track.
-Measures success in small milestones moving towards homeownership.
Reverse mortgage counseling assists seniors who want to convert the equity in their homes into income. The HECM program requires that a homeowner must receive one-on-one counseling and a counseling certificate prior to obtaining a HECM. One-on-one counseling can be completed face-to-face or via the telephone. Client fees for HECM counseling services is $150.00 is charged either at the time of counseling or at the time of the loan’s closing through the loan proceeds.