Graduates of the 2013 First Time Home Buyer Specialist Course

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Class of 2013

The Binghamton Homeownership Academy hosted its first “First Time Homebuyer Specialist: Preferred Provider Program,” in June 2013, certifying nearly 20 local Realtors as First Time Homebuyer Specialists.

The “pilot course” was very well received by the class, and garnered statewide attention. With many more Realtors expressing interest, the Academy will be hosting this class again in the Fall.

Participants receive NYSAR continuing education credits and are eligible for application to the Binghamton Homeownership Academy’s “Preferred Provider” list, which is distributed to Academy homebuyer graduates.

This is just another facet of the Academy’s comprehensive approach to promoting successful homeownership in the City of Binghamton and greater Broome County, and we congratulate our first class of “Specialists” and thank them for their commitment to serving first time homebuyers with excellence.

$30,000 First Time HomeBuyer Loan

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The Binghamton Homeownership Academy announces a new product for middle income earners looking to buy a home…

$30,000 First Time Homebuyer Loan

  • No Payments if you maintain ownership!
  • Fully forgiven after 10 years!
  • Apply up to $10,000 for closing costs!
  • Apply the remainder to housing repairs!
  • Targeted specifically for middle income earners!

The Academy has already helped two young professionals with the purchase and repair of their first home, but only THREE of these special loans remain!!

Must purchase home by December 1, 2013. Call the academy customer service line today at (607) 723-0723 to see if you qualify.

2013 GRANTS

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The Binghamton Homeownership Academy currently has 3 grants available:

  1. FIRST TIME HOMEBUYER - City of Binghamton Affordable Housing Program provides first time buyers with deferred loans to assist with down payment and closing costs up to $10,000. After 5 years, the loan is forgiven in full if the buyer stays the occupant of the purchased property.
  2. FIRST TIME HOMEBUYER - City of Binghamton AHC grant which provides up to $10,000 toward purchase and $20,000 toward rehabilitation costs. This grant program is targeted specifically for middle-income families, so please reach out to BHOA to determine eligibility.
  3. EXISTING HOMEOWNER - City of Binghamton HOME grant provides deferred renovation loans ( no monthly payments/ no interest) to eligible owner-occupants of single unit homes. The maximum loan amount is $25,000.

For more information on these grants and other housing resources currently being offered by our partner agencies, please call the academy customer service line at 723-0723.

Thinking of purchasing in Chenango County?
Quaranta Housing Servics, a BHOA partner agency, now has a grant availible which provides $20,500 toward down payment and closing cost assistance. Please feel free to reach out directly to this partner agency at 607-336-2101 Ext 128 if you are interested in purchasing your first home in Chenango County.

FIRST HOME CLUB

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The First Home Club* (FHC) is an excellent program that rewards those who are saving to make their first home purchase, and the BHOA partners with several local banks to offer this matched savings program. For every $1 you save and deposit, one of our local FHC lenders will match it with $4-up to a maximum of $7,500 MATCH!

There are various savings plans ranging from 10 to 24 months long, and our academy counselors can help pair you with a local lending institution that offers the FHC Savings Account.

For more information contact Michele Clark, First Time Homebuyer Specialist, BHOA at 607-643-1035!