Homebuyer Workshop (8 Hours)

Homebuyer Schedule

March 18, 2017
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First-time Homebuyer Workshop (8 Hours)

  • Course Outline: The following topics will be covered to educate potential homebuyers during the 8-hour first-time homebuyer education workshop:
    1. Net income budgeting – gross income vs. net income, budgeting, renting vs. owning, loan affordability, down payment assistance
    2. Mortgage loan – FHA loan vs. Conventional loan, loan comparison, closing costs, building & maintaining credit, alternative sources of mortgage credit, predatory lending
    3. Home searching – selecting a real estate agent, housing selection & mobility, honest money & down payment, purchase procedure
    4. Home inspection – importance of home inspection, home inspection vs. appraisal
    5. Closing – what is important and what to expect on the closing table
  • Down Payment Assistance: Homebuyers must complete an 8-hour homebuyer workshop from a HUD-approved housing counseling agency to apply for the following assistance.
    1. Gwinnett Homestretch: Eligible homebuyers can receive a down payment assistance of $7,500. Income limits and house sales price limits are applied – $161,500.00 for previously constructed homes and $199,500.00 for new construction homes. (Please refer to the attachments for more detailed information)
    2. DeKalb Down Payment Assistance Program: Eligible homebuyers can receive a down payment assistance of $5,000 to $8,000. Income limits are applied. The maximum sales price is $160,000.00.
    3. Georgia Dream Home Program: Eligible homebuyers can receive a down payment assistance of $5,000. Income limits are applied. The maximum sales price is $250,000.00
    4. Invest Atlanta