For those families who cannot be initially pre-qualified, our staff assists them with resolving credit, budget and other problems so they can qualify at a later date. SADA will refer all pre-qualified families to the lenders who will take each family mortgage application. If program participants have long term credit problems, they can be referred to Consumer Credit Counseling Service for further assistance. Families who never owned houses can be qualified for the first time. Families who are not able to qualify for a loan in the near future are referred to other programs for long term preparation for ownership or continued rental, if preferred.
Families gain an understanding of basic budget and credit concepts.
Families will have tools for better financial decisions in the future. Families will understand the responsibility of home ownership. Enrollment Class size is limited, so please register early. The questionnaire, which you will complete before the class, will provide us with valuable information that will be used for determining your readiness to purchase a home. Certificates of Achievement which assist you in securing affordable mortgages with some lenders, will be awarded upon completion of the classes.