Homebuyer Education
8 Hour -
Homebuyer Education Class
Overview
CHFA offers eight-hour
homebuyer education courses free-of-charge to prospective
homebuyers and CHFA loan applicants year-round through its
HUD-approved, participating
counseling agencies located
across the state.
The eight-hour course is open to specific CHFA loan
applicants and anyone interested in learning about the path
to homeownership. The course includes instruction in the financial
and practical aspects of buying and maintaining a home as
well as individual financial and credit counseling sessions. The
class is offered on week day evenings and Saturdays to
accommodate diverse schedules.
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What topics are covered in this class?
CHFA’s eight-hour homebuyer education class provides
detailed coverage of the technical, financial and practical
aspects involved in buying a home, applying for a mortgage
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 costs and
requirements of homeownership, this class also assists them
in planning a budget and a home maintenance schedule. In
addition to the curriculum on the home buying process, the
eight-hour class also offers individualized financial credit
and counseling sessions.
Who is allowed to participate?
The eight-hour class is also open to anyone in the
community who is interested in learning about the process of
purchasing a home. Classes are also provided in Spanish.
Please note: The eight-hour class is required for loan
applicants of the
Section 8 Housing Choice Voucher
Homeownership Program.
Applicants of the
Urban Rehabilitation Homeownership Program
are also required to participate in the counseling portion
of this course.
Who teaches this class?
Over ten
CHFA/HUD-approved
counseling agencies conduct the
homebuyer education classes and counseling services on
behalf of CHFA. These non-profit agencies are staffed by
counseling professionals who are trained in the
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
usually offered
as four two-hour classes on week day evenings and two
four-hour classes on Saturdays.
How do you register for this class?
Prospective homebuyers and CHFA loan applicants can
register in person or by telephone for an eight-hour
homebuyer education course at one of the
CHFA participating
counseling agencies.
CHFA loan applicants will be provided with reservation
numbers by their
CHFA-approved Participating Lender.
Applicants who complete the class will be provided with a
certificate to verify that they have satisfied the education
requirement of the CHFA program. Participants who are
still considering purchasing a home may use the certificate
for up to 12 months should they choose to apply for a CHFA
home loan within that timeframe.
How much does this class cost?
This class is provided free-of-charge to all eligible
CHFA loan applicants and any prospective homebuyers in the
community.
Questions? Contact a 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:
Connecticut Housing Finance Authority
Attn: Single Family Counseling
999 West Street
Rocky Hill, Connecticut 06067 |
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Class Schedule
Download the file below to view a schedule of upcoming
classes.
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| File | Size | Type | 8-Hour Counseling Schedule - 1st Quarter 2012
This chart list the 1st Quarter schedule of the 8-Hour Homeubyer Education classes. These classes are available to prospective homebuyers. Rev.-2 01/04/2012 | 147K | pdf | | File | Size | Type |
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