Frequently Asked Questions

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• What is Neighborhood Housing Services of Phoenix?
• What programs and services does NHS Phoenix offer?
• Where do I start?
• What do I bring with me when I make an appointment with a counselor?
• What’s comes next?
  After a counseling visit when your readiness to buy will be assessed, you may be advised to attend Financial Fitness Classes where they teach you everything you need to know, but weren’t taught in school, about managing your personal finances–budgeting, the importance of establishing banking relationships, long–term savings strategies, and wealth building tools–to name a few. These classes are strongly recommended and may be required, depending on individual circumstances.
  
  Or, you’ll proceed to Homebuyer Education Class. Buying a home is a very complex process that involves many different people–the realtor, the mortgage company, the title company, the appraiser, the home inspector... It can be a frustrating and time consuming process for those who have done it before, but can be downright intimidating for those who are buying a home for the first time. This is a pre-requisite before buying and a requirement for many loan products.
  
  This is probably the largest purchase that you will make in your lifetime and the terms of your mortgage loan will effect your financial situation for the next 30 years. Be a wise consumer. Learn all you can before you even start shopping for your dream home.
  
  Local business professionals (bankers, realtors, loan officers, and credit professionals) teach our classes. All instructors have two national certifications and intensive training by both the NeighborWorks® Training Institute and the American Homeowner Education and Counseling Institute. Several are Spanish speaking.
  
  The HomeBuyer Ed class is valued at $300. Your spouse or co-buyer are welcome, and encouraged, to attend with you at no additional cost. You are required to pay a $50 registration fee at enrollment. If the lender requires a certificate testifying to your attendance at Homebuyer Education, you will be charged the balance upon closing.
  


• If I want to buy a house, do I qualify for your loan programs?
• What if my credit is not great?
• What if I need special accommodations?
• I’m not low-income. I don’t want to live in Central Phoenix. Can you still help?
• Where do you have homes available?
• What if I still have questions?

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