Partner with Housing Counselors and Certified Credit Counselors at HUD Agencies

"Housing Counseling is independent, expert advice customized to the need of the consumer to address the consumer’s housing barriers and to help achieve their housing goals and must include the following processes:  intake; financial and housing affordability analysis; an action plan, except for reverse mortgage counseling; and a reasonable effort to have follow-up communication with the client when possible. The content and process of housing counseling must meet the standards outlined in 24 CFR part 214. Homeownership counseling and rental counseling are types of Housing Counseling."

Assess for Need

HUD housing and credit counseling  promoted for this pilot program focuses on 3 main areas of client need:

  1. Credit

  2. Downpayment Assistance (DPA)

  3. Home Budget

​Decide on which need is the most prevalent to address  first. A second and third option may also be selected.  

Two ways counseling fees are paid 

For this pilot program where counseling services are being provided to clients of independent loan originators and realtors, two methods of payment can be done:

  1. Client Paid upfront for services. Client pays upfront and receives credit towards mortgage closing costs for paid upfront housing/credit counseling costs. 

  2. Lender Paid Fee for Service  is paid upfront by loan originator or realtor.

Details about methods where housing and credit counseling fees can be paid are detailed on the Fee for Service , Client Paid direction page. Details were provided from the HUD  Model Funding Agreements and Fee Structures manual.

Contact HUD Housing Counselors and Certified Credit Counselors In and Out of Florida
  1. In Florida, Credit: short term (within 1 yr resolved) go to Neighborhood Home ServicesBeverly Malina, a certified credit counselor and  other HUD housing counselors  are participating in this pilot program that targets specific needs of clients to get them "mortgage ready".  Ms. Malina can work with clients anywhere in Florida. Beverly's ph# is 727-207-0131 and her email is beverly.malina@nhsfl.org .

  2. For Credit: short (within 1 yr resolved and long term (1-5yrs resolved) certified credit counselors and HUD Housing counselors in and out of Florida, go to Navicore Solutions, Rich Verrillo, Sr. Housing Partnerships Manager, T 732.410.2676, Email:  rverrillo@navicoresolutions.org. Website: www.navicoresolutions.org

  3. For Credit: short (within 1 yr resolved and long term (1-5yrs resolved) certified credit counselors and HUD Housing counselors in and out of Florida: National Foundation for Credit Counseling (NFCC) website (NFCC.org)  or call 800-388-2227. Find an agency close to you at the Agency Locator page.

  4. For full list of HUD.gov for Housing Counseling Services: Pick state on dropdown list. Then, Click here to narrow your search. Insert your city and zip code and pick  Financial Management /Budget Counseling and Financial, Budgeting, and Credit Workshops to get programs closest to you. 

HUD Housing and Certified Credit Counselors - Decide Which is Best for Client

HUD Housing Counseling is independent, expert advice customized to the need of the consumer to address the consumer’s housing barriers and to help achieve their housing goals and must include the following processes:  intake; financial and housing affordability analysis; an action plan, except for reverse mortgage counseling; and a reasonable effort to have follow-up communication with the client when possible. The content and process of housing counseling must meet the standards outlined in 24 CFR part 214. Homeownership counseling and rental counseling are types of Housing Counseling.

 

HUD Housing Counselors

HUD HCAs are trained and approved by HUD to provide tools to current and prospective homeowners, renters so that they can make responsible choices to address their housing needs in light of their financial situations.  They can assist clients in budgeting, financial responsibility, and program availability with regard to Area Median Income.

 

Certified Credit Counselors

Credit counseling provides guidance and support on consumer credit, money and debt management, and budgeting. The objective is to help a client avoid bankruptcy and to provide primary financial education on managing money. Borrowers with an understanding of money management are assets for lenders as well. Many counseling services also negotiate with creditors on behalf of the borrower to reduce interest rates and late fees

Credit: Short Term Help (max.1 yr)

Credit counseling includes:

Correct credit issues

build credit

improve credit scores

 

Work with a certified credit counselor to get credit issues resolved​ within 1 yr timeframe.

 

Credit: Long Term Help (1-5 yrs)

Credit counseling includes:

Correct credit issues

Build credit

improve credit scores

Debt management plans

Debt consolidation

Student loan counseling/debt management

Bankruptcy counseling

Modification counseling

Foreclosure counseling

 

​Work with a certified credit counselor to get longer term credit issues resolved​ within 1-5  yrs.

 

HUD Foreclosure Counselors

HUD-approved housing counseling agencies are available to provide you with the information and assistance you need to avoid foreclosure.

Foreclosure prevention counseling services are provided free of charge by nonprofit housing counseling agencies working in partnership with the Federal Government. These agencies are funded, in part, by HUD and NeighborWorks® America. There is no need to pay a private company for these services.

HUD Certified HCA will provide you with free foreclosure prevention services. If you are eligible for the loan modification or refinance program, the counselor will work with you to compile an intake package for your servicer.

Certified Counselors in Downpayment Assistance

Certified HUD Counselors can provide assistance to those looking for down payment options.  Certified Hud Counselors will lead an 8 hour instruction class. Participants will learn the fundamentals of the home buying process, and assistance programs that may be available to them.  HUD’s curriculum is held to a higher standard and education programs are taken very seriously.

HUD Certified Counselors use National Industry Standards for Homeownership Education and Counseling which are national standards and guidelines for quality education and counseling services.

HUD Certified Counselors will work with the client and lender and review documentation, rates and fees to ensure they have met program requirements.

Some HUD Certified Counseling Agencies may work and process the Down Payment Assistance Program Application for the City, State or Government SHIP and HOME Programs.

  • facebook
  • Twitter Round
  • flickr

2020 Clients2Homeowners.com created Feb. 2020 

Subscribe to Our Site