Pre-Purchase Counseling

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.

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Homeownership Education Classes

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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.

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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.    

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HECM Counseling

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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.