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F-M Homebuyer Class

Events > 2019 > November > F-M Homebuyer Class

About this event:

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FM Area Foundation located at 409 7th Street South Fargo, ND

FIRST TIME HOME-BUYER CLASS

Learn everything you need to know before buying that first home!

AGENDA:

DAY 1: PRE-PURCHASE AND PURCHASING A HOME

 

  • Pre-purchase 

  • Renting v. owning 

  • Costs of home ownership 

  • Budgeting 

  • New construction and remodeling 

  • How to choose a contractor 

  • Credit Bureau Reports—how to read them, how to dispute incorrect information, how long information stays on the report 

  • Down payment assistance programs—City of Fargo, City of Moorhead, and others 

  • How much house can you afford? 

  • Working with a lender, what to bring to an initial meeting, which credit issues can you work with 

  • Conventional v. FHA mortgage 

DAY 2: OBTAINING A MORTGAGE AND POST-PURCHASE ​

 

  • Closing process and title insurance 

  • Home Inspections—importance of having one done, how to choose an inspector, costs, what they look for during an inspection 

  • Home maintenance—doing common repairs around the house, maintenance with each season 

  • Foreclosure prevention

  • Costs associated with repairs 

  • Working with a realtor and real estate forms 

  • Choosing a home and making an offer 

  • What to look for with respect to homeowners insurance

  • Working with a Realtor® and real estate forms

  • Choosing a home and making an offer

This is a 2-day evening class!
The agenda has been approved by the North Dakota Housing Finance Agency and meets the requirement for first time home-buyers, under their loan program. The class also meets the standard set by the National Industry Standards for Home-ownership Education and Counseling.