Need help preparing for a home purchase or keeping your home from foreclosure?
Need help preparing for a home purchase?
Our housing counseling program features, homebuyer education, peer support through our Home Buyers Club, access to down payment assistance, and foreclosure prevention service. As a HUD approved housing counseling agency METEC’s housing counselors complete HUD certifications and regularly attend continuing education on mortgage default, the foreclosure process in Illinois, financial literacy, mortgage terms, FHA training, credit and budget counseling, money management and more.
Homebuyer Education & Certification Program
METEC equips potential homebuyers with the information and resources needed to ease the process of purchasing a home and successfully maintain homeownership.
Pre Purchase counseling includes home buying classes and one on one counseling. Classes are available bi-monthly at METEC or 24/7 online http://ehomeamerica.org/metec The training online allows pre home buyers to learn at their own pace and are offered in English and Spanish. Our homebuyer education uses a comprehensive curriculum that meets specified requirements outlined in the National Industry Standards for housing, education, and counseling.
- Assessing Readiness to Buy a Home
- Budgeting and Credit
- Financing a Home
- Selecting a Home
- Maintaining a Home and Finances
- Budgeting for Homeownership
- Sustaining Homeownership and Avoiding Delinquency
One-on-one counseling works to determine participant’s home buying readiness. Individual credit analysis are conducted, debt to income is reviewed to determine how much house is affordable, and various options are discussed. An Individual Action Plan created by METEC staff explains what services are available to assist with your home buying journey.
Post-Purchase Counseling focuses on protecting the borrowers’ investment, home maintenance and budgeting. Workshops and one-one credit counseling are offered to help participants take care of their home and their finances so they can continue to enjoy homeownership for many years. Workshops help homeowners learn basic skills to maintain their home (i.e. changing filters on furnaces, checking for water leaks, and maintaining their lawns); they also learn how to do common repairs and what steps to take when hiring a contractor.
Home Buyers Club
METEC’s Home Buyers Club assists individuals interested in home ownership but who are not quite ready to go through the home buying process. The club provides them with educational seminars, mutual peer and group support, clear and consistent information, and high quality guidance in buying a home. The club is a group of people helping and supporting each other as they travel the road to homeownership.
Helping the Under Banked and the Unbanked population