Homebuyer Education
3 Hour -
Homebuyer Education Class
Overview
CHFA offers three-hour homebuyer education courses
free-of-charge to CHFA loan applicants through its
HUD-approved,
participating
counseling agencies across the
state. CHFA requires that applicants of the
Downpayment Assistance,
Home of Your Own Program, and
Homeownership Loan
Programs attend this class as part of their loan
process. The three-hour class provides an overview on the
range of financial and practical topics that a homebuyer should understand before
completing the
homeownership process.
|
|
What topics are covered in this class?
CHFA’s three-hour homebuyer education class covers the
technical, financial and practical aspects involved in
buying and maintaining a home. The curriculum reviews the sometimes complex trail of
documentation that accompanies a home purchase from the
offer to the closing. For first-time homebuyers unfamiliar
with the ongoing requirements of homeownership,
this class assists them in protecting their investment,
including planning a budget and a home
maintenance schedule as well as foreclosure prevention.
Who is allowed to participate?
The three-hour homebuyer education class is required for
all CHFA loan applicants of the
Downpayment Assistance Program, the
Homeownership Program and the
Home of Your Own Mortgage Program.
Applicants under these programs will be given a loan
reservation number from their CHFA-approved
Participating Lender which will enable them to register
with one of the CHFA/HUD approved counseling agencies that
conduct the homebuyer education program.
Who teaches this class?
Over ten
CHFA/HUD-approved
counseling agencies conduct the
homebuyer education classes on
behalf of CHFA. These non-profit agencies are staffed by
counseling
professionals who are trained in CHFA loan programs.
Where and when are the classes held?
Homebuyer education classes are offered at a variety of
locations across the state and at different times each
month. To accommodate diverse schedules, they are offered
on weekday evenings as well as on Saturdays. (See,
3-hour
class schedule, for more specific information.)
How do you register for this class?
CHFA loan applicants with loan reservation numbers can
register for a three-hour class at a time and location
convenient to them by contacting any of the CHFA
approved counseling agencies.
Registration are taken by telephone. Applicants
who complete the class will be provided with a certificate
to verify that they have satisfied the education requirement
of their loan application.
How much does this class cost?
This class is provided free-of-charge to all eligible
CHFA loan applicants.
Questions? Contact your lender or CHFA counseling agency.
Your CHFA-approved lender can provide you with
information about the homebuyer education requirement and
refer you to an agency near you. Or, you may contact a
counseling agency directly to obtain more detailed
information.
If you still have questions, please contact CHFA:
Mailing Address:
CHFA
Attn: Single Family Underwriting
999 West Street
Rocky Hill, CT 06067-4005
|
|
Class Schedule
Download the file below for a schedule of upcoming
classes.
| Related Documents |
Found: 1
matches
Displaying:
1
- 1 |
|
| File | Size | Type | 3-Hour Homebuyer Education Class Schedule - 1st Quarter 2012
This chart lists the 1st Quarter 2012 schedule for 3-Hour Homebuyer Education classes. These classes are available to homebuyers who are getting a Downpayment Assistance Loan and have a reservation loan number for a CHFA loan.
Rev. 2 01/04/2012 | 97K | pdf | | File | Size | Type |
|
Found: 1
matches
Displaying:
1
- 1 | |
|