Belmont Housing Authority Web Content

Link: http://www.belmonthousingwny.org/

AMHERST
Amherst Town Hall
5583 Main Street, Williamsville
1st and 4th Thursdays
9:00 AM to 4:00 PM
Central Office
1195 Main Street
Buffalo, NY 14209-2196
716-884-7791 • Fax: 716-884-8026

Individual Housing Counseling at a Location Near You

• Home Buying
• Foreclosure Prevention
• Budgeting/Credit Management
• Reverse Mortgages
• Affordable Rental Opportunities

Foreclosure Prevention
If You Find Yourself Falling Behind on Your Mortgage Payments
We can help you figure out what's going on, and what you can do about it.
We can advise you on possible options to avoid foreclosure.

Our Services are CONFIDENTIAL and FREE OF CHARGE.

• Private, confidential counseling
• Information on current government programs to help you
• Assistance completing loss mitigation paperwork
• Negotiation of workout or mortgage modifications with lenders
• Referrals to income support community resources

Our Foreclosure Counselors are experienced and certified through the NeighborWorks Center For Homeownership Education & Counseling (NCHEC). 
CLICK HERE to begin your foreclosure counseling process, or call Gail at (716) 884-7791 ext 167.
What We Will Help You to do:

• Work out a solution that is understandable and comfortable for you.
• Create a budget that is within your means.
• Obtain free legal advice and assistance through our partnerships with local legal service agencies

Reverse Mortgage Counseling
A Different Kind of Loan: In Reverse
Available to homeowners who are at least 62 years old
A reverse mortgage is a special type of home loan that lets you convert a portion of the money value in your home into cash.
The equity (money value of your home in excess of claims or liens against it) that has built up over time can be paid to you.
A reverse mortgage is sometimes called a “Home Equity Conversion Mortgage” (or HECM)
Unlike a traditional home equity loan or second mortgage, HECM borrowers do not have to repay the HECM loan until the borrowers no longer use the home as their principal residence or fail to meet the obligations of the mortgage. 
You can also use a HECM to purchase a primary residence if you are able to use cash on hand to pay the difference between the HECM proceeds and the sales price plus closing costs for the property you are purchasing.
The cash you get from a reverse mortgage can be paid to you in a number of different ways:

• A portion of your loan can be taken as a lump sum at closing;
• As a regular monthly cash advance;
• As a "credit line" account that lets you decide when and how much of your available cash is paid to you; or
• As a combination of these payment methods.

For more information, go to www.hud.gov/buying/rvrsmort.cfm orwww.aarp.org or call (716) 884-7791 Ext. 324
Financial Education Workshops
Financial Coaching for Individuals
Whether you’re planning to purchase a home, save for educational expenses, or start a small business – good money management is an important first step.  Our counselors can meet with you one-on-one to assist you in developing a saving/spending plan, help you to understand your credit report, teach you how to improve your credit and assist you in putting together an action plan that will help you meet your financial goals.
Homebuyer Education
Folks planning to purchase their first home can take advantage of our more advanced financial education classes and individual coaching.  They can participate in six hours of education targeted specifically to prospective homebuyers and learn about the costs of owning a home, pros and cons of homeownership, steps to purchasing a home, shopping for a mortgage, managing credit/debt, how to find just the right house, and finally, what to do after closing.
Post-Purchase Financial Education
Classes for new homeowners address issues of long-term affordability such as saving for repair and replacement, avoiding home improvement scams, use of credit/predatory loans, refinancing or modifying the mortgage, routine and seasonal maintenance, and creating and sticking to your household budget.  Participants also learn about available housing rehabilitation programs, foreclosure prevention techniques and, for seniors, the home equity conversion mortgage.
Click here for the next workshop dates and to register!  

Free Workshops
These workshops are often a requirement to participate in Down Payment/Closing Cost Assistance Programs, Savers Clubs and First-Time Homebuyer Mortgages. All workshops are available to people needing special physical accommodations or interpretation.  Please request your specific need when registering for the workshop.  If you are unable to visit us in person, click to contact us here, and we will accommodate your special needs.
This program is approved by and fulfils the education requirements of HUD, Fannie Mae, Freddie Mac, the Federal Home Loan Bank and area lenders.  A certificate will be handed out at the end of class. Please be advised that in order to attend the workshops, you must make a reservation. Those who do not will not receive a Certification of Completion.
Are you looking for the Financial Education Workshop series? Click here to be directed to that page. 

Homebuyer Education Workshop (2 Parts) - Certification Class
Are you considering buying a home? Then sign-up for our FREE Homebuyer Education Series! Pre-registration is required.
 
A step-by-step guide to finding and closing on a home. This two-part class covers the homebuyer education requirement for many of the first time homebuyer programs throughout Western New York. 
 

• Am I financially ready to purchase a home?
• What are the first steps to take when considering becoming a homeowner?
• What first time homebuyer programs are out there to help me?
• How do I choose a good mortgage?

 Learn the answers to these questions and more during the workshop!
Make sure to register each person individually in your party attending
this course to allow us to have enough seating.

Introduction to Home Buying and Budget/Credit Counseling (Non-Certificate Class)
Are you thinking you want to buy a home but you don't know where to start? Register for this free workshop to learn more!
Please note - this workshop is a basic informational workshop. No certificate is given at the end of this workshop.
Introduction to Home Buying and Budget/Credit Counseling

• Are you hoping to buy a home but you don't know where to start?
• Would you like to learn about  what first time home buyer programs are available?
• Would you like to find out about FREE homebuyer and budget/credit counseling?

If you answered yes to any of these questions, click below to register for the date that works best for you for our next FREE information session!
Most classes are held at:
Belmont Housing Resources for WNY
 1195 Main St. Buffalo 14209
 

Belmont's Homebuyer Workshops are free.