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News from Neighborhood Development Alliance

Homebuyer education: "Home Stretch" workshops

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Home Stretch Financial Literacy 009.jpg
Home Stretch Financial Literacy 009.jpg
“This was a very good class, they gave us a lot of information and the speakers were excellent. I carry my Home Stretch manual with me everywhere.” - Zina Dawson

If you are a first time homebuyer or it has been more than three years since you owned a home, please register for a Home Stretch workshop. DON’T get trapped with the wrong mortgage product, understand the documents you are signing, be prepared with the right questions when you are ready to meet with a lender or Realtor. The Home Stretch workshops will help you understand the in and outs of buying a home.

We will help guide you through the process of understanding topics such as: how to qualify for mortgages, budgeting, where to find down-payment assistance funds, working with a realtor, home inspections, home maintenance, and foreclosure prevention.

What you can expect

We invite professionals from the housing industry to assist us with the workshops. This is a great opportunity to ask questions directly to: lenders, Realtors, and home inspectors. NeDA’s housing staff is of course available throughout the sessions to answer any questions you may have or to schedule a one-on-one counseling session.

Workshop

The homebuyer education workshop series are 9 hours and the customer must complete the series in order to receive a completion certificate. Completion certificates are usually required by lenders who offer down payment and or closing cost assistance to first time home buyers. Each household receives a workshop manual.

There is a $35.00 fee for the workshop. We believe this is a small and wise investment which will prepare and inform you for long-term home ownership.

To register for a workshop today First, check out the Homebuyer's Workshop calendar. Or you can call us at 651-292-0131.

NeDA Talks about Home Ownership on SPNN

NeDA's home ownership advisor Graciela Mendez talks with Ed Nelson from the Minnesota Home Ownership Center on St. Paul Neighborhood Network's (SPNN) Channel 19 six times in May 2009. SPNN's web site is www.spnn.org for more information about the station and its programing.

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