Oceana’s Home Partnership has announced their 2017 Homebuyer Education Workshop schedule. In order to accommodate working families, Saturday workshops are going to be offered this year.
”They can expect to cover from start to finish of the homebuying process." Said Lori Murphy, Homeownership specialist, who coordinates the class "They don’t really need to bring anything, I have an intake packet that they can fill out. They complete that and pay the little fee they have to save their place in line. I meet with them through the workshop. They get their certificate, the certificate for homebuyer ed is good for 12 months. Most lenders like to see them get the certificate because a higher percentage of people who take homebuyer education are less likely to go into foreclosure plus, it may qualify them for downpayment assistance programs. Then we give them a list of lenders that they may want to tap into in order to start the process.”
Ms. Murphy also explained the services that can be offered through Oceana’s home partnership if an attendee is not quite ready to make the commitment of buying a home but would like to work towards that goal and how Oceana’s Home Partnership can assist with the process.
“After the Homebuyer Education Workshop, we get down to the nitty gritty, we’ll pull their credit report and I individually meet with them so we can discuss what that looks like. We do the income and the debt to income ratios. There all kinds of things you can do with a pre-purchase class, or the financial capability class. [The class is] 8 sessions [and] we pull the credit report apart. We start from what collections [there are] what charge-offs, whatevers on that credit report, repair it and get them ready for the homebuying process.”
To sign up for the class or for more information, you can call (231)873-2222 or go to their website at www.Oceanashome.org