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First-Time Home Buyers Can Sign up Now for City’s Home Buyers Club

HAND house logo small

FOR IMMEDIATE RELEASE

April 9, 2014


For more information, please contact:

Marilyn Patterson, Assistant Director, City of Bloomington Housing and Neighborhood Development Department, 349.3401, hand@bloomington.in.gov


First-Time Home Buyers Can Sign up Now for City's Home Buyers Club


Bloomington, Ind. - The City of Bloomington's Housing and Neighborhood Development (HAND) Department's Home Buyers Club workshop offers participants a chance to learn how to become successful homeowners.


Registration is now open for the next Home Buyers Club. The workshop meets on consecutive Saturdays, April 26 and May 3 from 9 a.m. until 4 p.m. in City Hall McCloskey Room, Suite 135, 401 N. Morton St.


The program helps first-time home buyers understand and overcome the obstacles involved in realizing the American dream of home ownership. Presenters include HAND's HUD-certified housing counselors, local real estate industry professionals and non-profit housing providers within the community.


Participants will receive the HAND-produced book "Buying a Home: a Guide for First Time Home Buyers" and an opportunity to meet with a HAND housing counselor to develop a personalized home-buying action plan. Income-eligible graduates of the workshops may be eligible for up to $5,000 in down payment and closing cost assistance from HAND and other assistance programs.


Topics of the workshop include:

• Is home ownership right for you?

• Developing a household budget and savings plan

• The importance of having and establishing good credit

• The home buying process from start to finish

• The importance of home inspections

• Mortgage application process and down payment assistance programs

• Home maintenance and protecting your investment

• Accessing community and neighborhood housing resources


The Home Buyers Club is offered to anyone in the community at no cost, however, class size is limited and pre-registration is required. To register, please call HAND at 349.3401.


The Home Buyers Club is sponsored in part by MainSource Bank and Fifth Third Bank.


For more information, contact Assistant Director Marilyn Patterson at 349.3401 or hand@bloomington.in.gov. More information can also be found on the website.


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