RUPCO’s NeighborWorks® HomeOwnership Center has a wealth of information and resources to guide you through the process. Dreaming of owning your own home? Not sure if you’re ready? Just embarking on your career path? Get started today clicking on the get started button! Let us be your partner through the homebuying process. Buying a home is one of the biggest investments you make. Many people feel the process can be confusing and difficult. We’re here to help you successfully purchase your first home. We can provide options for how to manage student loans, credit card debt and monthly expenses, and help you successfully purchase your first home. Still have questions? Read on.
WHAT RESOURCES DOES THE HOMEOWNERSHIP CENTER OFFER FIRST-TIME HOMEBUYERS?
You are eligible to receive an in-depth mortgage readiness assessment from one of our certified housing specialists. They will review your income, credit, budget and savings, and set you on the path to homeownership. If you are ready, ask if you qualify for grants to assist you.
This First Home Club is a match-savings program offered by local lenders through the Federal Home Loan Bank of New York that will help you save up to $7,500 toward your first home purchase. This program is offered to income-eligible households that are first-time buyers. Every $1 you save towards the purchase of your first home will be matched with $4 up to a maximum of $7,500 ; the minimum savings time is 10 months.
Creating knowledgeable homebuyers is our goal. Through our education program, we will walk you through the entire homebuying process. You will also benefit from meeting experienced professionals such as attorneys, lenders, home inspectors, realtors, and others who will share their local market perspectives. For your convenience, RUPCO offers both in-person and online education options that best fit your busy schedule.
RUPCO successfully works with local municipalities to attain funding to assist low-income, first-time buyers with their home purchases. Qualifications for assistance vary depending on funding sources. You will learn more details at our workshop, where our counselors will explain current funding opportunities. Funding can be used for down payment, closing costs and/or post-closing repairs to the home.
Section 8 to Home Ownership provides a wonderful opportunity for families receiving Housing Choice Voucher Program (Section 8) rental assistance to create roots in the community, create pride, and have a safe place for their children. Contact your HCV Specialist to see if you are eligible to apply.
RUPCO is an official packager of the USDA Rural Development 502 direct loan program. Counseling and completion of approved education is required to obtain these loans and is provided through RUPCO. Loans requirements regarding maximum loan amounts and income limits are set by county and is for eligible properties within designated rural areas. For more information see https://rupco.org/usda-502-direct-loan-program/