How can we help? / Homeownership
If you need support as a homeowner, or if you want to become a homeowner, we are here to help.
For many, a home is their principal financial asset. For others, homeownership seems out of reach. Through the Center for Home Ownership® (CHO), we help people achieve the homeownership dream. Trained and certified counselors guide new and prospective homeowners through the steps of finding a home, securing a mortgage, and navigating the opportunities and pitfalls of homeownership.
The Center for Home Ownership® (CHO) is a collaborative effort among local government and nonprofit agencies, lenders, realtors, insurance providers, and community members to provide support around all aspects of the home buying process.
The Center for Home Ownership® is an approved housing counseling agency by the U.S. Department of Housing & Urban Development (HUD) and partners with the North Carolina Housing Finance Agency and local housing providers. We serve Forsyth, Stokes, Yadkin, and Surry counties in North Carolina.
Homeownership counseling is easy and affordable. Take the first step today.
Our counselors can review your finances to help you understand the type of loans, down payment assistance programs, and lending products that are available. With this information, we can determine your ability to qualify for a mortgage. If the analysis reveals barriers to homeownership, we can walk you through how to improve your readiness to apply for a mortgage.
Credit Review and Rebuilding
Our counselors are trained and certified to help you enhance your ability to qualify for a mortgage. We can help identify and address barriers to homeownership by helping you to obtain and understand your credit score, explore options for improving credit, create livable budgets, define financial goals, form a savings habit, and use credit wisely. These steps can move the goal of homeownership within reach.
Home Maintenance Workshops
Learn about our Topic-Specific Workshops.
Homebuyer Education Workshops
Learn about our Topic-Specific Workshops.
After a home purchase is complete, our trained and certified counselors can review your mortgage expense in the context of your overall household budget and experience with homeownership, including:
- Review of credit reports
- Overview of routine maintenance
- Tips to avoid default and foreclosure
- Wise use of credit
- Basic money management
We can then create a plan to aid you in meeting the on-going responsibilities of owning and maintaining a home.
Homeownership Phone Counseling and Certificate
Some people who are in the process of buying a home will be told by their lender or broker to register for a pre-homeownership or landlord course. This is a self-paced learning opportunity that concludes with a content review, a brief phone interview with a trained, certified counselor, and the issuing of the required certificate.
Homepaths: homeownership online Course
Welcome to HomePaths!
HomePaths is a self-paced, fully-online learning opportunity created to guide aspiring homeowners through every step of buying a home. It includes eight learning modules and a test. The HomePaths course is available to any U.S. resident.
This HUD-approved program meets the needs of most homebuyers, including those with loans through the Fannie Mae’s HomeReady® program. It requires homebuyers to complete their education through Framework®, a Fannie Mae education partner.
The Community Partners Loan Pool (CPLP) provides qualified home buyers with down payment assistance:
- up to 20 percent of the sales price, not to exceed $30,000 (effective May 1, 2018), when combined with a NCHFA Home Advantage Mortgage.
- up to 10 percent of the purchase price when combined with a USDA Section 502 loan.
CPLP assistance is structured as a zero percent interest deferred second mortgage. The term of the CPLP loan matches the term of the first mortgage. The CPLP loan has no monthly payment and is typically repaid when the home is sold, refinanced, at the end of the term, or when the borrower no longer lives in the home.
Borrowers may combine a CPLP loan with the North Carolina Home Advantage Tax Credit as well as with other down payment assistance loans or grants.
Contact us at 336-773-0286 for additional information.