What does the required counseling session consist of?
The counseling session is conducted to gauge your readiness for homeownership. During the session, we will pull your credit report from the three major credit reporting bureaus: Equifax, Experian, and Transunion. In addition, we analyze your credit report and develop a budget that will promote savings, eliminate debt, and address any credit blemishes. Counseling sessions are required to participate in the First Time Homebuyer’s Workshop.
What are the benefits of attending the First Time Homebuyer’s Workshop?
The 12-hour workshop is designed to educate and prepare potential homeowners for successful homeownership. Over the 12-hour period, participants are taught the fundamentals of homeownership by different housing professionals. Participants also receive information regarding down payment assistance programs available in surrounding areas. All participants who have completed the 12-hour workshop and attended a one-on-one counseling session will receive a Certificate of Completion.
Do you offer the 12-hour Financial Fitness Workshop?
Yes. The 12-hour Financial Fitness workshop is our newest addition to our course offerings. The 2019 workshops will take place on June 10th to 13th, 2017, 6:00 pm to 8:30 pm at ASI Federal Credit Union Mid-City Branch The Financial Fitness Workshop course designed to teach basic fundamentals regarding personal finances. The workshop is designed to provide informative content on: credit, budgeting, investing, and insurance. The workshop is accredited by the Louisiana Homebuyer Education Collaborative. The certificate received by participants is valid for two years from the date of workshop completion.
Why do I need a certificate?
The Certificate of Completion serves two purposes: Proof of participation in a Homebuyer Education Workshop and Access to certain down payment assistance programs.
How long is the certificate valid?
The certificate is valid for two years from the date of completion of the class.
What happens if my certificate expires before I can utilize it?
If your certificate expires before you have purchased a home, you will have to retake the workshop to update your certificate. The cost to take the workshop is $75.
First Time Homebuyer's or Financial Fitness Workshop Registration Fees: (Effective for January 2017 Workshop)
First Time Homebuyer's and Financial Fitness Workshop Registration Fees: (Effective for January 2017 Workshop)
Credit Counseling Only