Mortgage Credit Counseling Program

The Possibilities

Home ownership builds neighborhood vitality and community pride. CityWide’s Mortgage Credit Counseling Program is an eight-hour course that prepares potential home buyers for all dimensions of the home-purchase process. Private counseling helps the buyer determine affordability and debt comfort level. Nearly half of all the Dayton area’s Mortgage Credit Counseling participants go on to buy homes.

For class details click here.

Upon completing the program, participants know…

• Whether they can purchase immediately or the steps they must take to purchase in the future.
• The purchase price affordable to them.
• The loan program that best meets their needs.
• How to select a real estate agent.
• Down payment requirements and settlement costs.

The Course

The eight-hour course covers:

• Budget planning and credit analysis
• Down payment requirements and settlement costs
• Credit reports
• Loan underwriting guidelines
• Shopping for a home
• Purchase contracts and how to negotiate them
• Housing inspections
• Loan application requirements Insurance requirements
• The closing process
• Special housing

The Private Credit Counseling

Through private credit counseling, potential home buyers learn how to:

• Update and correct credit reports
• Repair and re-establish good credit
• Determine all costs associated with a particular financing program
• Initiate a debt-reduction plan
• Set up a budget and begin a savings plan

Click here to access the latest schedule and enrollment forms for Mortgage Credit Counseling. For more information, call Pam Waltrip at 937-853-2557 or send an e-mail to pwaltrip@citywidedev.com.