For Information Please Contact:
Yolanda Surles, Program Manager
410-922-9623
ysurles_wafcdc@comcast.net
2008 FIRST TIME HOMEBUYER'S SCHEDULE OF CLASSES
Click Here: Maryland CDA Programs
Click Here: More House 4 Less
The First Time Homebuyers Program, funded through the Baltimore County Office of Community Conservation is specifically designed to assist low- and moderate- income individuals in purchasing a home in Northwest Baltimore County. Participants attend educational seminars, receive one-on-one counseling and financial assistance with the cost of down payment. Closing costs up to a maximum of $10,000 are funded through the Settlement Expense Loan Fund. Through a pilot program sponsored through the Baltimore County Office of Community Conservation, assistance with closing costs is available for some of the participants. Expanded partnerships with BB&T Bank, Mission of Peace Housing Program, and Freddie Mac resulted in the First Time Home Buyers Program being certified by the United States Department of Housing and Urban Development, having access to tri-merge credit reports, and being a loan originator for mortgage loans.
According to the Business Journal, "Maryland has the highest (regional) rate of foreclosures with 4,016 or one out of 566 households." We Are Family Community Development Corporation will partner with other non-profits, government agencies, and the mortgage industry to: (1) Provide financial literacy training and homeowneship counseling; (2) Challenge lenders to reconsider the way in which they consider stated income in the approval of sub-prime and adjustable rate products; (3) Advocate for passage of legislation to protect families against predatory lending and foreclosure rescue scams; and (4) Implement a foreclosure prevention program that requires mortgage lenders to make homeownership education and counseling mandatory. Our new program is designed to actively address and prevent as many foreclosures in our communities as possible.
Yolanda Surles, Program Manager
410-922-9623
ysurles_wafcdc@comcast.net
2008 FIRST TIME HOMEBUYER'S SCHEDULE OF CLASSESClick Here: Maryland CDA Programs
Click Here: More House 4 Less
The First Time Homebuyers Program, funded through the Baltimore County Office of Community Conservation is specifically designed to assist low- and moderate- income individuals in purchasing a home in Northwest Baltimore County. Participants attend educational seminars, receive one-on-one counseling and financial assistance with the cost of down payment. Closing costs up to a maximum of $10,000 are funded through the Settlement Expense Loan Fund. Through a pilot program sponsored through the Baltimore County Office of Community Conservation, assistance with closing costs is available for some of the participants. Expanded partnerships with BB&T Bank, Mission of Peace Housing Program, and Freddie Mac resulted in the First Time Home Buyers Program being certified by the United States Department of Housing and Urban Development, having access to tri-merge credit reports, and being a loan originator for mortgage loans.
According to the Business Journal, "Maryland has the highest (regional) rate of foreclosures with 4,016 or one out of 566 households." We Are Family Community Development Corporation will partner with other non-profits, government agencies, and the mortgage industry to: (1) Provide financial literacy training and homeowneship counseling; (2) Challenge lenders to reconsider the way in which they consider stated income in the approval of sub-prime and adjustable rate products; (3) Advocate for passage of legislation to protect families against predatory lending and foreclosure rescue scams; and (4) Implement a foreclosure prevention program that requires mortgage lenders to make homeownership education and counseling mandatory. Our new program is designed to actively address and prevent as many foreclosures in our communities as possible.
