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E-mail this page | Print this page HomeOwnership Services  The mission of the HomeOwnership Department is to make homeownership opportunities available to low- and moderate-income individuals and families. This includes providing quality homebuyer training and education, and assistance in obtaining financing and post-purchase services including budget and credit counseling for current homeowners. Through NHS's Home Ownership Preservation Initiative HOPI, families at risk of losing their homes can speak with an NHS counselor to discuss options. Our work is geared to those traditionally underserved by the conventional market.
HomeOwnership Education, Pre-Purchase NHS offers, free of charge, a comprehensive program of both classroom sessions and individual consultation to prepare families for home purchase. The classroom curriculum includes four classes offered weekly in both English and Spanish at several locations in Chicago and Elgin. The classes cover in-depth the process of buying a home and qualifying for a mortgage. Issues covered include deciding if homeownership is right for you, credit, qualifying for a loan, different types of loans and financing options, finding a house, what to expect at the loan closing, budgeting to ensure timely payment of your mortgage, insuring your home, maintaining your home and other post-purchase considerations.
View the HomeOwnership Education Homebuyer Class Calendar and begin registration. HomeOwnership Education Classes in Spanish Clases Gratuitas sobre el Proceso de Como ser Dueno de Casa, click here.
Individual Personalized Counsultation to Help Families Achieve Their Dream of HomeOwnership
NHS offers potential buyers the opportunity to get mortgage loan preapproval after completing the NHS homeownership classes. Eligible borrowers can be preapproved for financing either from NLS or an NHS partner-lender before shopping for a home.
New & Rehabbed Homes for Sale
The NHS Redevelopment Corporation has new construction of single-family homes, condos, & two-flats, as well as high quality rehabbed homes with new mechanicals, kitchens & baths.
For more information, click here.
HomeOwnership Education, Post-Purchase NHS offers free comprehensive workshops to help homeowners protect the benefits of their homeownership and to provide information and services to help homeowners avaoid foreclosure.
NHS Full Cycle HomeOwnership Process Buy your first home by following these steps:
Step 1: Enroll in NHS' Homeownership Classes
Step 2: Meet with a Homeownership Consultant Individually
Step 3: Get Pre-Approved for a Mortgage Before Shopping for a Home Before you begin looking at homes to buy, get a mortgage pre-approval so you'll know that you can qualify for a loan and the loan amount. NHS can assist you in getting this pre-approval either through an NHS partner-lender or NHS' own nonprofit mortgage lender.
Special Program for Homebuyers
Several Chicago area employers offer a benefit to employees in the form of a grant from the employer to help the employee purchase a home.
For more information about Emplyer-Assisted Housing, contact the Metropolitan Planning Council.
Call NHS for more information and a list of employers working with NHS, 773-329-4010.
NHS provides first mortgage and Home Purchase "Gap" financing.
"Choose to Own" Program “Choose-to-Own” is the "Section 8 for Homeownership" program, under which a buyer can use their Section 8 payment as part of their mortgage payment. NHS is one of three counseling agencies providing pre-purchase counseling and mortgage loans to borrowers purchasing a home. NHS is the only state-licensed, nonprofit mortgage lender in the State of Illinois. The borrower must meet CHAC’s requirements to get into the “Choose to Own” program.
To learn more about NHS loan products, click here.
If you are interested in learning more about our fixed-rate loans to fix your home, call 773-329-4010, or click here.
This page updated 07-08-2009
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