First-Time Home Buyers

Thinking of buying your first home? H.O.M.E. DuPage, Inc. is your best resource.

Buying a home is probably the single biggest purchase you’ll ever make. Don’t become a victim of mortgage fraud or bad choices! We’ve all seen and heard the sad stories about foreclosures.

 

Empower yourself with information to make smart decisions and become a successful homeowner.

 

Our Home Buyer Education Classes, offer a comprehensive overview of the purchase process and useful, objective consumer protection tips.

 

H.O.M.E. DuPage now offers two ways to enter Homeownership Counseling!

 

Our new three-hour class, GATEWAY TO HOMEOWNERSHIP In English, In Spanish, is an orientation session for those who are either not ready to buy or who have issues that need to be addressed before they will be eligible for mortgage approval. We discuss preparation for home ownership, mortgage pre-approval and mortgage programs for first-time home buyers in DuPage County. One of our Housing Counselors will take you through the steps to begin the counseling that can prepare you to become a qualified buyer. There is a non-refundable $20.00 charge per household for the materials used in this class. If you need a Certificate of Homebuyer Education you must complete our eight-hour Homebuyer Education Class, (see description below).

If one or more of the following applies to you, we recommend GATEWAY:

  • You have less than two years of continuous employment in the U.S.
  • Your FICO scores are below 620 – You have less than $1,000 in savings
  • You have more than one or two late payments in the past 12 months
  • You have outstanding judgments, tax liens or multiple unsatisfied collection accounts
  • You are not sure if you are ready for home ownership and want general information about mortgage programs for first-time home buyers

If you do not have any of the concerns listed above, you may be market ready. HOMEBUYER EDUCATION is an eight-hour class for the market ready first-time home buyer. This class offers a CERTIFICATE OF HOMEBUYER EDUCATION that is issued upon completion of the class and is valid for one year. There is a non-refundable $40.00 charge per household for the materials used in this class.

 

HOMEBUYER EDUCATION features essential information on mortgage pre-approval, property selection, and contract negotiation as well as professional services offered by attorneys, home inspectors, and insurance agents. We invite guest professionals to present up-to-date information which will prepare you to navigate the process of home purchase from mortgage pre-approval to closing the transaction. Our goal is to empower you to make informed decisions and become successful homeowners. There is a non-refundable $40.00 charge per household for the materials used in this class. Completion of HOMEBUYER EDUCATION is required before you purchase a home using the DuPage Homestead Program.

Completion of either GATEWAY TO HOMEOWNERSHIP In English, In Spanish, or HOMEBUYER EDUCATION is a mandatory prerequisite to making an appointment for homeownership counseling at H.O.M.E. DuPage, Inc. Free Individual Pre-purchase Counseling offers confidential advice on issues such as determining what you can afford, cleaning up your credit and saving for your down payment. Our professional Housing Counselors will help you create a customized Homeownership Action Plan and will be with you every step of the way, answering questions and offering support as you work toward your goals.

Struggling to afford a home in DuPage County? H.O.M.E. Dupage offers the DuPage Homestead Program, a special plan that offers reduced-cost financing for qualified first-time home buyers.

 

More Links for First-time Buyers and Homeowners:

 

1st Home Illinois

Down Payment Plus