HUD Certified Housing Counselor: Responsibilities and Impact on the Community
Housingcounselingisakeyaspectofofferingfairhousingtoeveryone. ThereareplentyofHUD-certifiedhousingcounselorsavailableinthe marketthatcanhelpyouwithmorethanjusttheinitialstageofbuyinga placethatyoucanown.
Butmostpeopledon'tknowwhyahousingcounselorcertificationis importantiftheprofessionalwantstomakeanactualdifferenceinthe community.Ifyouareponderingthesamequestion,thereisahighchance thattheblogmightbeaneye-openerforyou.
The housing Counselor Defined
Inlayman'sterms,ahousingcounselorisafinancialadvocatethatis specificallytrainedforprovidingadviceandcounselingtohomeownersand homebuyers.Theseprofessionalsundergotrainingandreceivehousing counselorcertificationfromthedepartmentofhousingandurban development,akaHUD.
AHUD-certifiedhousingcounselorisalsoknowntobewellversedinlocal programsavailableviaofficesincludingsuchastheFederalHousing Administration(FHA).
WorkingwithaCertifiedHousingCounselorcancomeinhandy,especially ifthisisyourfirstrodeo,andforgoodreasons;
∙Professionalswithahousingcounselorcertificationcanhelpin identifyingFHAprogramsthatcanhelpfirst-timehomebuyersinthe area,beitdownpaymentandclosingcostassistanceprograms.
∙Theycanhelpyoutocomeupwithastep-by-stepplanofactionfor achievinghomeownership,whichalsoincludeshowtoovercome normalbarrierstohomeownershipsuchaslowincome,badorno credit,andexcesscreditcarddebt.
∙Thesepeoplecanalsohelpyouunderstandpreciselyhowmuch homeyoucanaffordtobuy,makingiteasyforyoutonarrowdown yoursearchtomakesureyoubuyahomewithoutfacingahigh foreclosurerisk.
Responsibilities
TheservicesofaHUD-certifiedhousingcounselordon'tstopatjusthelping first-timehomebuyers.Onceyouhaveahomeofyourown,professionals withhousingcounselorcertificationcanalsoofferassistanceandsupport.
∙Acertifiedhousingcounselorcanofferreversemortgagecounseling toseniors,whichissimplyalow-risklendingoptionforhomeowners abovetheageof62.Butthecatchisthatyoushouldgetcounseling beforeyoumoveforwardtomakesurethatitistherightoptionfor yoursituation.
∙Askthemanyquestionsthatyoumighthaveregardinghomeequity. Thinkofitlikethis.Professionalswithcertifiedhousingcounselor degreescanbetterhelpyouunderstandwhenandhowtoaccessthe equityinthehomewithoutriskingforeclosure.
∙Incaseyouarefacingforeclosure,theycanalsohelpyoufigureout youractionsforrelief.Nomatterifyouwanttosaveyourhomeor simplygetoutofthemortgagewiththebareminimumfinancialand creditdamagepossible,aHUD-certifiedhousingcounselorcanhelp
youunderstandtherangeofoptionstopickthebestoptionforyour financialsituation.
Benefits offered by a HUD Certified Housing Counselor
Suchprofessionalscanhelpinimprovingfinancialliteracy,increasing homeownershipopportunities,accesstoaffordablehousing,and preservinghomeownershipforcommunitiesthatareinneed.Apartfrom this,theyalsohelphomebuyerstounderstandiftheyarereadyfor homeownershipandareabletoassistparticipantsviasafeandaffordable products.
Itisseenthatunequalopportunitiesandaccesstofinancialresourcesfor peopleofcolorcontributealottothemajorgapinhomeownershipinthe States.Theexpansionofresourcesforhousingcounselingandeducation programscanhelpinclosingthisgapbyofferingparticipantsthe opportunitytodeveloptheskillsrequiredtoreachfinancialgoals,increase savings,andsecurefinancialstability,andhomeownership.
Contact Us
Telephone: (844) 729-7944
Address: 2600 Wilshire Blvd, 5th Floor Los
Angeles, CA 90057
Website: https://www.e3housing.com/