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First-Time Homebuyers class Nov. 12

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If buying your first home is a goal for 2014, you can learn the basics at a free workshop Nov. 12 sponsored by Family Trust and The Housing Development Corp. of Rock Hill. Part of our Know Your Dough money-management series, the workshop will begin at 6:30 p.m. at the city’s Housing & Neighborhood Services office on Johnston Street across from City Hall.

Buying a house can be a daunting task and the workshop will provide information on everything from saving for a down payment and having a good credit score to getting insurance. Kim Gillette, a mortgage loan originator with Family Trust’s Mortgages Services, also will explain:

  • How to qualify for a mortgage (credit score 680 or above, assets and income).
  • The types of loans (conventional, FHA, USDA and VA).
  • Difference between fixed and adjustable rates.

You’ll also learn about the city’s First-Time Homebuyer’s Program which provides down payment and closing cost assistance to eligible first-time homebuyers through the Housing Development Corp. of Rock Hill.

The non-profit corporation was formed to help low to moderate income residents with housing needs through education and financial assistance, and to strengthen the community and especially the urban core by improving housing and economic opportunities.

Handouts will be provided at the workshop. Click here to register or call James Sheedy at 803-326-2187.