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As a community-based, non-profit housing
counseling agency we're here to help you choose the loan option that's best for you. ACORN Housing's
loan counseling program is HUD certified and our services are free of charge.
Since 1986, we have helped 45,000
families successfully negotiate the homebuying process and achieve the
American dream of homeownership for the first time.
THE
FOUR STEPS TO HOMEOWNERSHIP ARE:
Step
1:
Homebuyer Class / Intake
Prospective
borrowers come in for a group session where they are given an overview
of the program and enrolled. You will be asked to bring documents
pertaining to your income, assets, credit and budget. A credit report
is ordered and an appointment set to see a loan counselor.
Step
2:
One on One
Applicants
are interviewed by one of our loan counselors. Together you review
your credit report, determine what additional documents are needed
(if any), and discuss your wants, needs and goals. Then you set a
plan of action.
Step 3:
Credit, Budget & Savings Workshop
Applicants
attend a workshop to learn basic information on credit, budgeting
and savings. The class meets for three sessions, and focuses on the
participants and ways to improve your ability to obtain financing.
Step 4:
Follow-up
The final
stage can often become the most involved. Here you put into action
what has been discussed and decided in the previous three stages.
Once you have satisfactorily completed the other stages, you will
be issued a "Certificate of Completion". This certificate
makes you eligible for the special underwriting guidelines that ACORN
Housing has with specific lenders. This stage can be as brief as one
session or as long as two years. The time involved depends upon your
needs, the amount of effort necessary to work out your plan of action,
and the diligence with which you work toward completion.
Other
workshops are assigned on an as-needed basis. They include:
Credit
Workshop-- for enrollees with major credit problems
Budget
Workshop -- for more advanced
information on managing household finance
Homebuying
Workshop -- for information about the process to purchase
a home
The
program also has a post-purchase component to counsel borrowers who
are having difficulty adjusting to the new lifestyle, expense and responsibility
of home ownership. It includes advice on adjusting your budget to meet
new expenses and notifying lenders of problems in your ability to make
payments.
YES!
YOU CAN ACHIEVE THE AMERICAN DREAM!!!
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Buying your first Home?
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Already a Homeowner?
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