About the Program
In collaboration with La Casa de Esperanza, WHEDA, and AREAA Greater Milwaukee, HWCC is excited to present “Your Path to Home Ownership.” This program is designed to educate and assist individuals and families in qualifying for grants for home purchases in HUD-designated areas. Even if participants do not intend to buy a home in a HUD area or do not qualify for the program, they are still welcome to attend and learn. To qualify for the grants, participants must attend two classes (totaling six hours) and complete a one-on-one counseling session.
This program will be offered in-person in Eau Claire, Fox Valley/Appleton, and Green Bay.
Program Details
Participants will:
- Learn the home buying process
- Earn a home buyer certificate
- Learn about home buyer grants
- Hear from homebuying professionals
- Realtors, Lenders, Home Inspector and more.
- Grants and Other Down Payment Assistance
Homebuyer Education and Counseling:
- This HUD-approved education and counseling program is required for many down payment assistance programs and some first-time homebuyer products, depending on lender requirements.
- Each assistance program has its own eligibility criteria and guidelines, in addition to mortgage approval requirements.
- Down payment assistance can come in the form of grants or forgivable loans, which can be used toward down payment and/or closing costs.
- Grant: A grant is a fund given by an organization for a specific purpose and does not need to be repaid.
- Forgivable Loan: A forgivable loan is a loan that does not need to be repaid, provided the borrower does not sell or move from the home within a specified period, typically five years. In this case, 20% of the loan is forgiven each year.
Program Dates
Green Bay
HWCC Green Bay Office
2701 Larsen Rd, Green Bay, WI 54303
Eau Claire
Fox Valley/Appleton
Questions
If have any questions or concerns about this event, please reach out to the Hmong Wisconsin Chamber of Commerce at info@hmongchamber.org.