The First-Time Homebuyer Education and Counseling Demonstration
First Time Homebuyer - HUD Exchange · 2019-09-25 · FIRST TIME HOMEBUYER Housing counseling leads...
Transcript of First Time Homebuyer - HUD Exchange · 2019-09-25 · FIRST TIME HOMEBUYER Housing counseling leads...
FIRST TIME HOMEBUYER
Housing counseling leads to positive results by reducing mortgage delinquency up to 50%.
--------------------FIRST TIME HOMEBUYER COUNSELING WORKS
First-time buyers made up 33% of all home buyers in
DID YOU KNOW? TOP 5 BENEFITS OF FIRST TIME HOMEBUYER COUNSELING
2018, down from 34% in 2017
First-time buyers finance more of their home than repeat vs. buyers
Determine if homeownership is
0202 0011 right for you
Discover how much house you can afford
84% 93% Repeat First Time Buyers Buyers
0044 Save for a down payment
In FY 2018, purchased housing after receiving homebuying counseling services84,397from HUD approved housinghouseholds counselors
Choose from affordable0505 mortgage options
Understand your credit score0303
Buying your first home can be overwhelming. Housing counseling can help you individualize your home buying options, empowering you to make informed decisions and significantly improve your home buying success.
Housing counseling will help you determine what you can afford and teach you how to sustain your home for the long term.
Source: National Association of Realtors Profile of Home Buyers and Sellers -https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-ofhome-buyers-and-sellers