Palmdale, credit counselor to host free Homebuyer Education workshop

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May benefit those looking to purchase property

Palmdale and nonprofit ClearPoint Credit Counseling Solutions will host a free Homebuyer Education workshop from 8:30 a.m. to 5:30 p.m. on Saturday for area residents at the Palmdale City Council Chamber, 38300 Sierra Hwy, Suite B. 

For those interested in taking advantage of the current low home prices, this workshop may prove useful. 

Space is limited and pre-registration is required. 

To register, interested persons may call ClearPoint Credit Counseling at 877/877-1995.

The daylong homebuyer workshop will cover the most vital aspects of purchasing and maintaining a home, including the real costs of homeownership, budgeting, credit scores, house hunting, loan shopping, insurance, loan qualification, consumer protections, escrow and closing, home maintenance, and how to avoid predatory loans, delinquency and foreclosure.  

Those who complete the workshop are also eligible for additional home pre-purchase counseling at no cost. This confidential counseling includes a credit report review and discussion about the home-buying process, loan options, how to avoid predatory lending, how to use credit wisely and build a savings plan, and develop a personalized budget.

Completing the homebuyer education workshop will fulfill one requirement to acquire a property under the Neighborhood Stabilization Program. Grant funding provided by the Neighborhood Stabilization Program will enable the city to offer residents homebuyer education workshops given by housing specialists from ClearPoint Credit Counseling Solutions. The grant will cover the delivery of three workshops each year for three years, and the accompanying individualized, home pre-purchase counseling sessions.

ClearPoint is a U.S. Department of Housing and Urban Development (HUD)-approved housing counseling agency.  
 

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