VIEW THE HOMEOWNERSHIP CENTER CALENDAR
DOWNLOAD APPLICATION HERE
HOW CAN THE HOMEOWNERSHIP CENTER HELP YOU?
The NeighborWorks® HomeOwnership Center can help you budget your money better, solve any credit problems, learn the home buying process, and protect your new investment in both your house and community. The Center is designed to be an effective tool for developing potential qualified homebuyers. Interfaith provides group and individual credit, money management, and pre- and post-purchase homeownership education. Our goal is to suggest a plan of action to assist you in becoming a successful homeowner.
The Home Ownership Center serves future homebuyers throughout the State of Delaware. Our services are available in both English and Spanish.
A FEW THINGS YOU'LL LEARN...
| MANAGE YOUR
MONEY - Calculate the income needed for homeownership - Set goals - Individual Development Accounts (Matched Savings Plan) - Plan to save - Develop your budget - Stick to it! GET A GOOD CREDIT RATING - Obtain your credit report - Establish good credit - Repair bad credit - Plan to improve credit |
PREPARE FOR HOME OWNERSHIP PROTECT YOUR INVESTMENT |
COURSES AND SERVICES TO
HELP YOU ON THE ROAD TO HOMEOWNERSHIP
FIRST TIME HOMEBUYER WORKSHOPS
The First-Time Homebuyer Training Workshops are one-day classes. You can
apply to attend our workshops by contacting Erikka Concepcion at econcepcion@ichde.org.
Please click here to download our application
and instructions. Applications for the first time homebuyer classes will
not be accepted without a prior referral.
SECTION 8 FOR HOMEOWNERSHIP PROGRAM
The Section 8 program is modified to allow Section 8 to help pay mortgage
payments for qualified first-time homebuyers. To qualify, you must be:
1) A first-time homebuyer; 2) Have a household income of at least $10,300;
3) Been continuously employed for one-year (except for elderly or disabled
persons); and, 4) Attend a homeownership counseling course and meet any
other restrictions imposed by the local housing authority.
NOTE: Local public housing authorities may choose to implement a homeownership
voucher program if they wish but are not required to. To find out if the
homeownership voucher is offered in your area, call your local housing
authority or click here
to view more information on the program.
FINANCIAL FITNESS SEMINARS
These seminars emphasize core financial fitness topics, including Money
Management, Credit, Goals and Financial Planning, and Banking & Financial
Institutions. Graduates may participate in our Delawareans Save! savings
program, designed to assist Delawareans to build assets through a 1:1.5
matched savings account. These savings and match may be used toward down
payment and settlement costs when purchasing a home. Successful participants
may continue with our homeownership services while growing their savings.
For more information about this program, contact Erikka Concepcion at
econcepcion@ichde.org.
PERSONAL CREDIT & FINANCIAL EDUCATION
These private, confidential sessions allow our HomeOwnership Educators
to give individual advice and a tailored plan to assist a potential homebuyer
in receiving a mortgage pre-approval. The advice may cover topics such
as repairing or rebuilding credit, saving, reducing debt, or other identified
barriers. Once a homebuyer is pre-approved for their mortgage, they are
invited to attend our Home Buyers Workshop. To apply for credit or financial
education, please click here to download
our application and instructions.
OBTAIN A SECOND MORTGAGE
Interfaith offers two types of loan products to assist buyers with small
loans of up to $5,000. These loans are available to qualified buyers at
either 80% or below Area Median Income or those with incomes in excess
of 80% of Area Median Income. The interest rates vary between the two
types of loans. These loans can be an affordable means to meet any minor
shortfall in funds needed to close the sale. For more information about
this program, contact Erikka Concepcion at econcepcion@ichde.org.
DIRECTIONS / CONTACT INFO
New Castle County
2 South Augustine Street, Suite B
Wilmington, DE 19804-2504
Click
here for Google Map.
Contact: Erikka Concepcion (email)
Serving Kent & Sussex Counties
20 Patrick Henry Lane
Milford, DE 19963
Click
here for Google Map.
Contact: Carlton Bowers (email)
ACCREDITATIONS / AFFILIATIONS
U.S. Department of HUD - Approved Housing Counseling Agency
NeighborWorks® America Full Cycle Lender
Campaign for Home Ownership Member
Financial Fitness National Initiative Member (NeighborWorks® America)
National Community Reinvestment Coalition (NCRC) Member
Delaware Federation of Housing Counselors Member
Delawareans Save! Individual Development Account Collaborative Member
Delaware Money School Instructor
