Home Ownership Workshop
Through the partnership of NeighborWorks America, the City of Perth Amboy's Housing Authority provides a 3 day 1st time home buyer workshop to provide technical assistance and training for residents interested in home ownership.
Session agenda covers the following:
Day 1
Ready to buy and steps on home buying
Key members of your home buying team
Mortgage payment and other related costs involved in home buying
Establishing a budget
Savings
Day 2
What is credit and credit scoring
Ways to correct credit errors on report
Ways to establish credit
How to qualify for a mortgage
Types of loans available
Documentation required
Session 3
Shopping for a home
Writing the offer
Negotiating the best offer
Expectations at closing
Our impact this year has changed our community!
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Contributed in scholarships to public housing & section 8 participants.
$169,000+
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Annually contributes to fund self-sufficiency, housing counseling, and financial literacy education.
$40,000
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In escrow funds. In 2022, we had 83 FSS program participants and graduated 7.
$89,785.36
