Homebuyer Education and Counseling
Owning a home is a major financial responsibility. Montana Housing recommends that any potential homebuyer take Homebuyer Education before beginning the process of qualifying for a loan or searching for a home. Educated homeowners stay in their homes longer, take pride in their properties, and have one-third less foreclosures. Montana Housing programs require homebuyer education unless they qualify for a waiver.
Montana Housing is a partner in the NeighborWorks Montana which is a network of non-profit, governmental and private sector agencies that specialize in first-time homebuyer services and loan products.
NeighborWorks Montana network members offer pre-purchase education and planning, so you can make the right choice in a home and a loan. All classes meet HUD requirements and are taught by National Center for Homeownership Education and Counseling Certified educators. Courses are at least 8 hours in length and are offered over the course of a full day or two-to-three evenings depending on the organization.
Topics covered in these classes include:
Assessing Readiness to Buy a Home
Budgeting and Credit
Financing a Home
Selecting a Home
Maintaining a Home and Finances
The network can help you find the right house and the right lender. Assistance is available to help you purchase your home with 30 year fixed rate mortgages, down payment assistance and matched savings accounts. Your mortgage will be made in Montana and stay in Montana so you can easily stay in contact with your lender.