Thursday, January 20, 2011

Locate HUD-approved housing counseling

For the vast majority of programs Private Mortgage Insurance companies offer insurance for (on Conventional Loans), borrowers are no longer required to undergo pre-purchase counseling.

However, I understand that many home buyers may still find such counseling useful, and studies show that loans to borrowers who have taken 8 hours of face-to-face home buyer education perform better -- a benefit to both lenders and borrowers.

To help locate a community organization that may offer prospective home buyer education, here is a website which provides information regarding HUD-approved housing counseling agencies throughout the country. 

Find Homebuyer Education in your area today!

No comments: