First-Time Home Buyer Programs
FHA Loans and Home Buyer Education
While HomeOwnership.org's primary mission is to help consumers who are having trouble
paying their mortgage, valuable information is also offered to help those who are
looking to become home owners for the first-time.
FHA Loan
An FHA loan allows a first-time homebuyer to purchase a home with less than 3% down
payment. These loans typically help lower-income homebuyers who would otherwise
not be able to afford a home.
First-Time Home Buyer Education
It's important for homebuyers to get as much information as possible to help them
become successful in the long term. The best way to ensure that foreclosure will
not be in your future is to be set on the right path as early as possible.
When preparing to buy your first home, it's important to plan ahead so you can manage
your finances and be a successful homeowner. Take advantage of a first-time homebuyer
class offered by Springboard.
Springboards first-time homebuyer education course will help you make good decisions
when buying a home. It's approved by HUD, Freddie Mac and Fannie Mae, and can qualify
you for savings on the cost of FHA mortgage insurance as well as other first-time
homebuyer assistance programs.
How to Register
The first-time homebuyer education is offered free of charge and is available only
in Southern California. If you are interested in registering and want to find out
when the next class is being held call 951-781-0114 ext. 8820, email
education@credit.org, or view the Springboard Events Calendar.
If you live outside of Southern California, visit HUD's website to find a first-time homebuyer workshop near
you.