After attending a Homebuyer Orientation session , prospective homebuyers can then attend one of CHI’s more comprehensive Homebuyer Education courses. These courses provide participants with the information that all first-time homebuyers should know in order to make well informed decisions and become an empowered and educated consumer. Course topics include:
- Assessment of Homeownership Readiness
- Budgeting & Credit
- Financing a Home
- Shopping for a Home
- Maintaining a Home
- Managing Homeownership Finances
Classes are held every month in Westchester and Long Island, and CHI now offers a new online homebuyer program through eHome America. Participants who complete any of these education programs are eligible for a range of CHI services, including affordable mortgages through participating lenders and down-payment and closing-cost assistance loans and grants.
eHome America Online Education
This comprehensive online homebuyer education program is designed for first-time homebuyers who need an education certificate to qualify for a specialized mortgage. The program can be completed at your own pace, and quizzes are given throughout to ensure understanding.
A one-on-one counseling session with a CHI educator is also required before a certificate will be issued.
Call (877) HUD-COUNSELING for more information.
Click here to register for the eHome America Homebuyer Education program.
This course consist of following modules and can be taken whenever or wherever the client chooses:
- Buying a Home;
- Credit & Budgeting;
- Fair Housing & Legal Issues;
- Getting a Mortgage Loan;
- Maintaining your Home & Managing your Finances
Three Day Homebuyer Education Course (available upon request only)
This course consists of three evening sessions, scheduled over a five to six week period and the course covers the same modules as eHome above
NoteL Designed for those who are ready to purchase within four to seven months.
Fast Track™ to Homeownership Intensive Course
This one-day accelerated seven-hour course is designed for first-time homebuyers who are ready to buy within 90 days and/or already have a purchase contract and a loan commitment from a bank. It also includes a one-on-one counseling session.
Note: If you are applying for CHI’s First-Time Homebuyer Grant, Do Not Sign a Contract of Sale until you have received a Grant Certificate and the proposed purchase has been approved by CHI.
First Home Club
The First Home Club is an innovative group approach to homebuyer education that includes a built-in savings plan. Participants in the First Home Club receive ongoing counseling in groups comprised of five to 20 families. Clients participating in this program will also attend the three-part First Home Education Course described above, plus meet two-to-three more times as a group with CHI counselors. In addition, First Home Club participants will enroll in a matching savings program where they will earn $4 in grant monies from a participating Federal Home Loan member bank for every $1 they save over a 10-24 month period. At the end of the program, participants who have saved up to $1,875 will receive a grant of up to $7,500, for a total of $9,375 available for a down payment on a new home.
Click here for application. Please mail or deliver the completed application with the required documents to:
Community Housing Innovations, Inc.
75 S Broadway, Suite 340
White Plains, NY 10601
Contact Tierra Monroe at 914-683-1010 x1207 or firstname.lastname@example.org for more information.