First-time homebuyer workshop in Cambridge

If you are looking to purchase your first home, now is the time to participate in Home Stretch.

Home Stretch is a first-time homebuyer workshop that takes participants through the entire home buying process. In one day, you will learn about qualifying for a mortgage, financing a home, credit, real estate, the closing process, basic home maintenance and affordable mortgage products that may be available to first-time homebuyers.  Some affordable mortgage products, government loans, and down payment and closing cost assistance programs may require a buyer to receive a Home Stretch certificate.

The next workshop will be offered in Cambridge on Monday, Feb. 11, from 8:30 a.m. to 5:30 p.m. at the Minnco Credit Union.   Registration is required, and participants will receive a completion certificate at the end of the workshop. There is a $30 fee per household to participate in Home Stretch, and a $75 fee for Framework. To register for the online Framework course or the Home Stretch workshop, contact Kelly at 320-258-0681 and visit www.cmhp.net for more information.

Pre-purchase counseling is also available by appointment and is strongly recommended prior to taking Home Stretch. This is a free service to anyone who wants to speak with a certified homeownership counselor about their financial situation prior to buying a home.

“Buying a home is definitely a considerable investment.  Whether you are new to the home buying process or have not bought a home in quite some time, homebuyer education will provide the necessary information everyone should know before even looking at homes,” said Kelly Doss, Program Coordinator at Central Minnesota Housing Partnership. “It is critical in this economy to have informed buyers, and our programs help educate participants on becoming responsible homeowners.”

Homebuyer education is also offered as an online course.  Framework is a new online tool to prepare you for successful homeownership. Framework will provide you with the facts you need to become a knowledgeable buyer. Many lenders have approved Framework to meet homebuyer education requirements.

Central Minnesota Housing Partnership, a non-profit organization providing affordable housing services to the central region of Minnesota, coordinates the Home Stretch workshop.

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