Month: October 2013

First Time Home Buyer Specialist

The Academy is pleased to partner with NYSAR and First Niagara to offer a new class for local Realtors that will help them become specialists in working with first-time homebuyers.

2013-14 PREFERRED PROVIDER PROGRAM Presents:
“First Time Home Buyer Specialist”

This NYSAR approved course offers 9-Hours of Continuing Education Credits, and will be facilitated by
Michele Clark, CRA Residential Lending Specialist for First Niagara Bank.

The class will be held at the Binghamton Homeownership Academy’s new classroom, which is located at 112-122 State Street, Binghamton, and is tentatively scheduled for the first quarter of 2014.

For more information and to be placed on the course wait list, please email Michele Clark, <[email protected]

New $22,500 Grants Available for Purchase & Rehab!

The Binghamton Homeownership Academy and Quaranta Housing Services proudly announce the availability of the next AHC FIRST TIME HOME BUYER GRANT! The grant provides up to $22,500 for down payment/closing costs and repair assistance!

In order to qualify for this grant, individuals must meet the minimum qualifications:

  • Good credit
  • Savings of at least $2,000
  • Completed the academy’s First Time Homebuyer Education Course (next course begins in September - sign up now!)
  • A desire and commitment to become a homeowner
  • Household income does not exceed 112% of Area Median income

In calculating household income, add up all members of the household (including children), and sum up incomes of all individuals. The numbers below represent maximum amount of income allowed per household (for instance, a couple with two children is a household of four, and their combined incomes must not exceed $52,685):

  • 1 member, $36,915 / 2 members, $42,202 / 3 members, $47,488
  • 4 members, $52,685 / 5 members, $56,986 / 6 members, $61,197
  • 7 members, $65,408 / 8 members, $69,619