PALMDALE — The City of Palmdale, in partnership with ClearPoint Credit Counseling Solutions (CCCS), will host a homebuyer education workshop this Saturday, March 24, from 8:30 am to 5:30 pm, at the Palmdale City Council Chamber, 38300 Sierra Highway, Suite B, in Palmdale.
Pre-registration is required. To register, interested persons may call ClearPoint Credit Counseling at 877/877-1995.
The day-long 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. Palmdale’s Neighborhood Stabilization Program for eligible applicants may include down payment and closing cost assistance.
Grant funding provided by the Neighborhood Stabilization Program will enable the City of Palmdale 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.
For more information about ClearPoint, visit their Web site at www.ClearPointCCS.org.