Model Cities believes that to educate successful homeowners they must take an “a to z” approach covering all aspects of the home ownership process spectrum. This holistic approach benefits future successful homeowners by offering them a fully supported, thoroughly educated curriculum tailored to their unique situations and helps them specifically navigate the challenges they face as they encounter them and, in time, learn to anticipate them.
Model Cities offers both Homebuyer Workshops as well as one-on-one, confidential Prepurchase Counseling. Homebuyer Workshops are offered in both a classroom setting through our HomeStretch workshops, or via an online course known as Framework.
HomeStretch Workshops
The HomeStretch educator is certified in the curriculum and will help potential homebuyers understand the home buying process. The HomeStretch workshop is offered in a lively classroom environment which includes innovative presentations and professional real-estate experts. The course also provides participants with a workshop manual. At the completion of this 8-hour class, the participant receives a certificate of completion. The fee for the HomeStretch workshop is $30. Click here to see a schedule of classes and to register.
FRAMEWORKTM
FRAMEWORKTM is a high quality, fun way to learn how to be a smart, confident and successful homeowner. It provides the facts you need to become well-informed about every step in the process. To get started visit FRAMEWORKTM or to learn more, view this short Overview Video.
Many lenders have approved FRAMEWORKTM to meet their requirements for homebuyer education. Check with your lender to make sure online homebuyer education is accepted.
Pre-purchase Counseling
Another service added to the holistic approach is Pre-purchase Counseling. Anyone who attends one of our Home Stretch classes is eligible for Model Cities’ free individual pre-purchase counseling sessions. The sessions are one-on-one, confidential and discussions include :
- Determining what you can afford
- Developing a budget and savings plan
- Finding the right mortgage product for your needs
- Reviewing your credit report and addressing credit problems that could prevent you from getting a mortgage (slight fee to pull credit report)
- Creating a customized Action Plan with specific, manageable steps to help you achieve your goals
Documentation usually required for a homebuyer preparation appointment will include current pay stubs for your most recent months of employment, two years tax returns and W-2s, credit information (if applicable), and three months of bank statements. Additional information may be required.
To get started, attend one of our homebuyer workshops or call our office to schedule a free, individualized, confidential counseling session.