If you're facing a foreclosure, the sooner you talk to a housing counselor, the better. You can have no better advocate if you're trying to work out a loan modification or other loss mitigation option.. What HUD-Approved Housing Counselors Do With the new certification requirements, the benefits to the renter, the prospective homebuyer, or the existing homeowner are increased assurance of a more knowledgeable housing counselor providing more effective housing counseling services. You must be able to administer a Housing Counseling Program; What are the benefits of becoming an RCAC Housing Counseling sub-grantee? If you are looking for housing help, contact the following offices: To live on public lands, contact the Office of Public and Indian Housing (PIH). These HUD-approved agencies provide tools to current homeowners, prospective home buyers, renters, homeless, and victims of disaster, so they can make responsible choices to address their housing needs. HUD-approved housing counselors provide foreclosure avoidance counseling and assistance in applying for a mortgage workout—all at no cost to you. Housing Counseling Works This paper briefly summarizes recent research evidence on the role of housing counseling to improve housing outcomes for homebuyers, homeowners, and renters. For counseling to fulfill the HomeReady Mortgage education requirement: Counseling should occur as early as possible and before a buyer selects a home. The housing counselor may also ask for information about your pay stubs, tax returns, recent bank statements, and other bills you pay each month, such as car loans and credit cards. Eligible forms of counseling include: Homebuyer education You may also locate your state housing counseling agency or call 1-800-569-4287 to locate the agency nearest you. The counselor is asking for this information to understand your financial situation and how much you can afford for a monthly mortgage payment. I first learned about the benefits of housing counseling from NeighborWorks America, one of our country’s leading community development organizations. Access training materials, take a practice exam, and register for the HUD Housing Counselors Certification Exam Post-Purchase Foreclosure Mitigation Counseling Evidence indicates that housing counseling … The counseling agencies on this list are approved by the U.S. Department of Housing and Urban Development (HUD), and they can offer independent advice about whether a particular set of mortgage loan terms is a good fit based on your objectives and circumstances, often at little or no cost to you. HUD provides support to a nationwide network of housing counseling agencies. In June 2016, I was appointed to the HUD Housing Counseling Federal Advisory Committee (HCFAC).This is a 12-person Committee comprised of three members each from the real estate community, the mortgage industry, the housing counseling agency (HCA) industry and … To live on a reservation, contact a local Tribally Designated Housing Entity (TDHE). Assist your community with many Housing Counseling services, chosen by your organization to fit your mission and the needs of your clients. The BPC Housing Commission believes that counseling and education must be a central part of a more responsible approach to homeownership, particularly for first-time buyers. HUD Office of Housing Counseling Brochures. Housing counselors near you. Potential borrowers who are pursuing eligibility may benefit greatly from housing counseling from a HUD-approved nonprofit housing counseling agency.
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