Introductory Workshop on Buying and Owning a Home
There will be two hour long introductory workshops on buying and owning a home
coming soon. The workshops
are free
and open to everyone. No
pre-registration is required. The introductory workshops
will be held at the WSU Visitor Center Conference Room. The
address is 225 North Grand Ave. Pullman, WA 99163
Topics to be covered include:
What do I need to do first?
Credit questions
Budgeting for Success
How much can I afford?
Who will be helping me through the process?
How long will it take?
Understanding the language
Learn how to begin your journey to
homeownership and receive a free guide to take home.
First Time Homebuyer Classes
First time homebuyer classes will be coming
soon. The classes run
for about five hours long with breaks taken between sessions.
The homebuyers classes will be held at Community Action Center.
Agenda
Advantages and disadvantages of owning a home
Steps to homeownership
The players in the home buying process
Identifying credit issues and how to address them
Budgeting and saving for a down payment and other loan closing cost
Shopping for a lender
The benefit of getting loan pre-approval before searching for a home
How much home can you afford? Risk layering and compensation factors
How much money will you need
Selecting a loan program and how down payments affect loan choices
How to shop for a real estate professional
Selecting a home and negotiating a purchase price
The importance of home inspection
House Key Program issues - Recapture Tax, occupancy, and property restrictions
The loan closing process and what to expect
Avoiding Predatory Lending Practices
Foreclosure prevention and early delinquency intervention
Home Maintenance
Community resources for further counseling and other
assistance
Community
Action Center
1-800-482-3991 or 509-334-9147
This
workshop satisfies all HUD homebuyer requirements
A Washington State Housing Finance Commission Seminar
Sponsored by: CAC and other local lending agencies
