Individual Credit Counseling
The New Haven HomeOwnership Center provides first-time homebuyers with free pre-purchase credit counseling in English and Spanish, in a one-on-one setting with a certified housing counselor. At the initial counseling appointment, the counselor will review the prospective homebuyer’s credit and income information to assess his or her readiness to purchase a home. Our housing counselors understand that homebuyers vary widely in their readiness to buy. Some clients will be fast-tracked into our Pre-purchase Homebuyer Education classes in preparation for mortgage pre-qualification by one of our lender partners. Other families will need time to achieve homeownership. For these families there will be a subsequent series of one-on-one counseling sessions during which the counselor and the families work on specific issues that currently hinder their home purchase efforts, like credit repair and excessive debt.
Individual counseling sessions are also available for post-purchase clients who may need assistance with budgeting following the purchase of their homes. There is individual counseling available for families who are interested in a Home Equity Conversion Mortgage (HECM). And for those families confronting foreclosure, the HomeOwnership Center has joined in a nationwide effort to help families before they lose their homes, offering loss mitigation counseling.
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