Binghamton Homeownership Academy

BHOA BLOG

Metro Interfaith/BHOA Housing Counselor: Conant Smith, metro.csmith@stny.rr.com Opportunities for Chenango, Inc., Quaranta Housing Services/BHOA Housing Counselor: Cathy Berger, cberger@ofcinc.org

Enter your email address to receive notifications of grants, services, and news from the Academy!

Additional 2016 Homeownership Class Dates

In addition to the 2016  FIRST TIME HOME BUYER CLASS SCHEDULE already announced, classes are now available in Chenango County! (Note the changes to these dates)

FIRST SESSION:  TUESDAYS, 5:30 pm to 8:30 pm

  • March 1, 8, 15, 29 & April 5th

@ Metro Interfaith, 21 New St., Binghamton 

or

THURSDAYS, 5:30 pm to 8:30 pm:

  • April 14, 21, 28

@ Quaranta Homeownership Academy, 44 W. Main St., Norwich 

 

SECOND SESSION:  SATURDAYS, 9:00 am to 1:00 pm

  • April 23, 30 & May 14, 21

@ First Niagara Homeownership Center, 112-122 State St., Binghamton

or

TUESDAYS, 5:30 pm to 8:30 pm:

  • May 10, 17, 24

@ Quaranta Homeownership Academy, 44 W. Main St., Norwich 

 

THIRD SESSION:  TUESDAYS, 5:30 pm to 8:30 pm

  • September 13, 20, 27 & Oct. 4, 11

@ Metro Interfaith, 21 New St., Binghamton

or

TUESDAYS, 5:30 pm to 8:30 pm:

  • October 18, 25, & November 1

@ Quaranta Homeownership Academy, 44 W. Main St., Norwich 

 

Light Supper Provided Each Night Class & Light Breakfast Provided Each Saturday Class

Contact the Homeownership Academy Coordinators for more info & to sign up:

Binghamton: Conant Smith 607.723.0723, Ex. 311   metro.csmith@stny.rr.com

Norwich: Michele Clark 607.334.7114, Ex. 4006  mclark@ofcinc.org

2016 Homeownership Academy Class Dates

cropped-bhoa1.jpg

Announcing

The BINGHAMTON HOMEOWNERSHIP ACADEMY

2016  FIRST TIME HOME BUYER CLASS SCHEDULE !

FIRST SESSION:  TUESDAYS, 5:30 pm to 8:30 pm

  • March 1, 8, 15, 29 & April 5th

@ Metro Interfaith, 21 New St., Binghamton 

 

SECOND SESSION:  SATURDAYS, 9:00 am to 1:00 pm

  • April 23, 30 & May 14, 21

@ First Niagara Homeownership Center, 112-122 State St., Binghamton

 

THIRD SESSION:  TUESDAYS, 5:30 pm to 8:30 pm

  • September 13, 20, 27 & Oct. 4, 11

@ Metro Interfaith, 21 New St., Binghamton

Light Supper Provided Each Night Class & Light Breakfast Provided Each Saturday Class

Contact the Homeownership Academy Coordinator for more info & to sign up:

(607) 723-0723

Email: metro.csmith@stny.rr.com

Enhanced Homebuyer Program

 The City of Binghamton

& Binghamton Homeowner Institute

Proudly Announces the availability of the

Enhanced First Time Homebuyer Program

Buy your first home now!

Limited Availability! First Come, First Serve!

$5,000 Closing Cost Assistance

5 Year Forgiven Loan

Repair funds after closing 

$20,000 for single family

$40,000 for two family

(Partially forgiven loan)

Call for eligibility requirements today! 607.723.0582

Income Limits ($) 1 Person in family 36,600 2 Person in family 41,800 3 Person in family 47,050 4 Person in family 52,250 5 Person in family 56,450 6 Person in family 60,650 7 Person in family 64,800 8 Person in family 69,000

First Time Homebuyer Class

CAM01086

Tuesday Night, Obtaining a Mortgage Night!!

Home Sellers/Home Buyers Informational Workshop

Home Sellers/Home Buyers Informational Workshop

March Saturday Classes

The March Classes are filling up fast! To register call 607-723-0723 or email fthb.bhoa@gmail.com
Classes will be held 3/8, 3/15, 3/22, 3/29 from 9:00am-1:00pm at:
First Niagara Homeownership Center,
112-122 State Street, Binghamton

Seven Secrets for First-Time Homebuyers

Seven Secrets for First-Time Homebuyers
1. Visit a certified housing counselor at a nonprofit organization.
Housing counselors credentialed through a nonprofit agency provide objective advice and unbiased recommendations.
2. Get your finances in order.
Find out what your credit report and credit score are and correct any inaccuracies. Lenders look at factors called the four Cs of credit: credit history (timely bill paying), capital (money available for a down payment), capacity (income versus debt), and collateral (the value and condition of the house).
3. Look for down-payment and closing-cost assistance programs. Some nonprofit organizations and state or local government agencies can help you with down payment and closing costs through grant money or low-interest loans.
4. Make sure homeownership fits with your lifestyle.
If you will be in a particular community for less than three years, if the local economy is not doing well, if unemployment is rising, or if your future income will not provide you with enough for mortgage payments and other financial responsibilities in owning a home, then renting may provide the better option.
5. Shop around for everything related to your home purchase.
Follow the “rule of threes” by comparing at least three products, professionals or services before making your final selections.
6. Get pre-approved for financing before shopping for a home.
Pre-approval is different from pre-qualification, which refers to when a lender calculates how much mortgage you likely can afford based on unverified information. A preapproval is a guarantee that the lender will loan you a fixed amount of money, as long as the property appraises over the amount for which you are qualified and you buy within a certain time period.
7. Carefully select a location.
Research area schools, property tax rates, insurance rates, and crime statistics. Spend time thinking about things that may be important.

*You can order your credit report and credit score from each of the three major credit reporting agencies: Experian; Equifax; and TransUnion. For more information on credit scoring, visit http://www.myfico.com.