What: FREE Home Buyer Education Classes
Where: Project Home’s Training Center
1922 S. Stoughton Road Madison WI
When: Tuesday March 13th AND March 20th, 2012 6:00 pm to 9:30 pm
Reservations: Space is limited. Please call Project Home @ 608-246-3737 for more information or to register.
Cost: FREE
The First Time Home Buyer Education classes offered by Project Home and GreenPath, Inc. allow first time home buyers to learn about homeownership in an environment that encourages questions and protects the potential home buyer from being solicited. They learn about the pros and cons of home ownership, money management skills, credit issues, how to choose a realtor and lender, down payment assistance programs, shopping of a home and obtaining financing.
We began this partnership in April 2011 and in the first 3 months of classes we have had 67 individual participants in 50 households. We are reaching the populations targeted – 96% are first time homebuyers and approximately 74% are at or below 80% of County Median Income and therefore may be eligible for most down payment assistance programs.
To receive funds for most down payment assistance programs, potential homeowners must complete education and/or counseling. This program is designed to meet the National Industry Standards for Home Ownership Education and Counseling created by the National Advisory Council of NeighborWorks® America. Our course is 7 hours of face-to-face group education and 1 hour of 1-on-1 counseling.
The Housing Center is a joint venture between Project Home and GreenPath Debt Solutions to expand and sustain affordable home-ownership in Dane County.
Project Home is a local non-profit organization offering help to Dane & Green County residents for the last 40 years. Project Home's mission has been to improve the quality and affordability of housing for low-to-moderate income residents. With the rising cost of housing, utilities, and building materials, it is difficult and expensive to tackle the repairs that all homes need. Project Home provides services that will improve homeowners’ comfort, safety, and reduce energy bills.
GreenPath Debt Solutions is a nationwide, non-profit financial organization that assists consumers with credit card debt, housing debt, and bankruptcy concerns. Our customized services and attainable solutions have been helping people achieve their financial goals for 50 years. The Madison office has been serving local customers for 12 years. Ellen Bernards has been a housing counselor and housing educator for the last 7 years and was the 2010 recipient of the National Foundation for Credit Counseling’s Individual Counselor of the Year award.
Additional Home Buyer Information:
- HUD/FHA $100 Down Payment Program
- 4 Tips to Determine How Much Mortgage You Can Afford
- Getting Approved for an FHA Mortgage
- Tips for Purchasing a Foreclosure
- Using FHA 203K Loan to Purchase a Fixer-Upper
- 7 Key Questions to ask about your Mortgage
- Avoiding Problems with Your Escrow Account
- Homebuyers Can Use FHA Loans to Purchase Property from Investors
- Things You Should Ask a Mortgage Broker
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