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Friday, 25 January 2013 13:23

Home Buyer Education & Counseling

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AFDN offers classes to First Time Home Buyers to provide education on how to manage your credit score, how to shop for property with realtors and how to ensure a bank loan is the right one for you. These classes will answer many questions First Time Home Buyers may have as well as offer referrals to recommended realtors, mortgage bankers and insurance agents in order to have a smooth transaction.

First Time Home Buyer Classes and Down payment Assistance

The home buying process at times can feel overwhelming and confusing. There are many classes and events throughout the state that can provide you with information on the home buying process. The majority of assistance programs require that you have attended a First-Time Home Buyer Education Classes sponsored by the Minnesota Homeownership Center. Home Stretch is required to qualify for many affordable mortgage loans and down payment assistance programs. Classes are $35 per person attending. Fee covers morning coffee and treats, your professional instructors, course materials, a manual, and a certificate of completion. African Families Development Network is a full service, non-profit homeownership serving Minneapolis/Saint Paul, Minnesota. Our trained staff has worked with immigrant families like yours, helping to create more than 100 home owners. African Families Development Network has services available to assist current and potential homeowners - whatever the situation! Credit issues? Our staff can work with you to get your credit in order and move forward towards buying your home. This class is 8 hours over 1 day and covers important first-time homebuyer topics. Attendees must attend the African Families Development Network Program class Our curriculum includes the following:

Becoming a Homeowner
Money Management
Credit
Mortgage Loan
Real Estate 101
Loan Closing
Life As A Homeowner

Free Credit & Housing Counseling

Wondering if you might qualify for any down payment or first-time home buyer programs? Housing Counselors offer FREE private & confidential one-on-one professional advice to help you achieve your dream of homeownership. Our Housing Counselors will work with you to: * Determine what you can afford * Develop a budget and savings plan * Find the right mortgage product for your needs * Address credit problems that could prevent you from getting a mortgage * Create a customized Action Plan with specific, manageable steps to help you achieve your goals.

What We Do

Pre-purchase homebuyer education workshops (Home Stretch) and Pre-purchase one-on-one counseling.

AFDN housing program which promotes opportunities for economic empower-ment for individuals and the community. We understand that stable families, and particularly homeowners while strengthening area neighborhoods.

Purchasing a home is very stressful. Let us worry about approvals, ratios, fixed vs. adjustable rates, truth in lending, equity, and amortization. With our comprehe-nsive and convenient programs, we can help you get the most out of your home buying process.

Click here Home Stretch Workshop Details Take handouts-take workshop manual-fill out the pink sheet-fill out the green-pre-Workshop Survey.

Our Housing Counselors will work with you

To determine what you can afford
Develop a budget and savings plan
Find the right mortgage product for your needs
Address credit problems that could prevent you from getting a mortgage
Create a customized Action Plan with specific, manageable steps to help you achieve your goals

As part of the counseling process, and for a nominal fee, a Housing Counselor can provide you a copy of your credit report that includes your credit score.

Helpful Tips to Get You Started

Should I rent or buy?

Deciding whether to rent or buy a home can be a difficult decision to make and requires careful thought and preparation. Many people who rent their homes may not realize that homeownership may be within their reach. At the same time, there are numerous costs and responsibilities associated with homeownership that, as renters, you may not be aware of. AFDN can help you make a safe, informed decision that’s right for you. Our highly trained professionals can work with you to help you make the decision that is right for your situation.