 Program Strategy
The H.O.M.E Buyers Education series consists of five class sessions conducted over a period of five (5) weeks. In Week 6, after completion of the program, participants will be honored at a special graduation celebration. They will each receive a certificate of completion which will be honored by the City of Columbus for 12 months from the date of completion.
Since August 2005, GLDC’s H.O.M.E. Program has been certified by the City of Columbus to provide home ownership education and award participants up to $5,000.00 in down payment assistance (based on income eligibility) through the American Dream Down payment Assistance Initiative (ADDI).
2008 Summer Series
Begins June 2, 2008
Every Monday for six (6) weeks
Time: 6:30-8:30 p.m.
Place: Clarence D. Lumpkin Point of Pride Building
1410 Cleveland Avenue (corner of Cleveland and Eleventh) (Map)
Call to register! (614) 294-9600
Or email Mashelle@greaterlinden.org
Program Overview
Session One
Objective: To review the student’s goals, monthly budget, and a credit readiness form. This form provides the answers to critical
financial questions. At the end of this session, students are given at least two specific tasks to complete to move them toward their goal.
Session Two
Objective: To obtain and review the student’s credit report(s) and assist with any errors/issues. This session ends with the development of a six month action plan designed to move participants closer to achieving homeownership.
Special Feature
One of the signature program functions of the H.O.M.E. Buyer Education Program is to provide two one-on-one counseling sessions. During these
Sessions, a variety of objectives are set in an effort to assist the program participants with improving their credit worthiness and achieving their financial and homeownership goals.
Participants are encouraged to contact the housing counselor for further sessions, if needed.
GLDC Housing Opportunities Made for Everyone
H.O.M.E. Buyer Education Program
DETAILED SCHEDULE
March 31, 2008 – Budgeting/Credit
What is a budget and how to develop a comprehensive model. How to obtain and understand a credit report.
April 7, 2008 – Banking/Savings & Investments
How to become ‘bankable’ and get out of check systems. Establishing checking and savings accounts and various methods to save and/or invest money.
April 14, 2008 - Shopping for a Loan-Down Payment Assistance/Selecting a Realtor
Finding the right Lender/Realtor and applying for a mortgage. How to determine if you qualify for down payment assistance.
April 21, 2008 - Why Do I Need a Lawyer?/ The Closing Process/ Foreclosure Prevention
Exploring the benefit of a pre-paid legal plan. What to expect at the loan closing. Steps to prevent a foreclosure.
April 28, 2008 - Home Inspection/ Appraisal/ Homeowner Insurance
Is there a difference between a home inspection and an appraisal? Selecting an insurance agent and comparing costs.
May 5, 2008 - “Services Fair”
Various Lenders, Realtors, Home Inspectors and other Industry Professionals will be on hand to provide information on their products and services!
May 7, 2008 - Certificate and Qualifying Celebration
All classes held on Mondays from 6:30pm - 8:30pm at 1410 Cleveland Avenue, Columbus, OH 43211 - 1st Fl Conf. Rm. Refreshments will be served.
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