Steps
to Homeownership*
and return to bank to
review loan papers.............................
show warranties and maintenance
on house..............................................
Lots vary in size.
Steps to Homeownership* |
|
| 1. Application | |
| Review Application............................. | 1.5 - 2.0 hours |
| Pull and review Credit Report. | 1.5 hours |
| 2. Schedule for classes: | |
| Homebuyer Education Classes........ | 6 hours |
| Maintenance Class............................. | 4 hours |
| Financial Literacy Class..................... | 6 hours |
| Landscaping Class............................. | 4 hours |
| Foreclosure Class............................... | 2 hours |
| Predatory Lending Class.................. | 1 hour |
| Credit Counseling.............................. | |
| Schedule Bank Appointment............ | 1.5 hours |
| Write purchase agreement and return to bank to review loan papers............................. |
4.5 hours |
| Home walk-through with contractor, show warranties and maintenance on house.............................................. |
1 hours |
| Closing on home................................ | 1.5 hours |
| TOTAL HOURS: 35-35.5 hours | |
| *Average size of home is 1,008 sq. ft. Lots vary in size. |
|