A lack of savings for a down payment, credit problems, or uncertainty about the home-buying process -- such as how much home can I afford to buy or where to find the best mortgage lender -- can all make it seem impossible to go from renter to homeowner. Fortunately, though, there's a secret weapon that can help you surmount all these hurdles. That secret is taking a homebuyer education course, a move that has huge financial and practical benefits.
Buying a home is a huge decision and a long term commitment. When new homebuyers complete pre-purchase homebuyer education they are better prepared for what to expect during the purchase transaction as well as the ongoing responsibilities of homeownership. Housing counseling can save you thousands of dollars, help you get a home sooner rather than later, and relieve you of the stress involved in the home buying process.
Direct benefits include:
Forgivable loans up to $10,000
Below market mortgage rates
Delaware First Time Homebuyer Tax Credit
Here’s a good local resource: DEStateHousing Resource
To learn more about the Willing Street Artist Village and the benefits of Homebuyer Education Course contact Interfaith Community Housing of Delaware | 302.652.3991 | Ichde.org.