Homebuyer's Club Program

One of the most important investments you will ever make is the purchase of a home. The process of getting into your first home can be long, frustrating, and confusing for many first-time homebuyers. 

The Homebuyers' Club answers many questions about buying a home, such as:

• How do I know if I can qualify for a loan?
• What price home can I afford?
• What if I had some credit problems?
• What if I had a bankruptcy?
• What if I have no credit?
• What property taxes will be assessed?
• What if I don't have money for a down payment?
• What are closing costs, and how much will they be?
• How do I find the best interest rate and the right lender for me?
• What types of loans are available?
• What are points?
• What are ratios that the bank talks about?

The Housing & Neighborhood Services Department administers a program called the Homebuyers' Club. The Homebuyers' Club Program addresses each of these important questions and much, much more. Speakers are also available to lend their expertise to all homebuyer class participants on issues such as: mortgage payment assistance, how to reduce your property values, homeowner's insurance, homeownership rights and other topics that will be beneficial to new homeowners. The Housing & Neighborhood Services Department (HNSD's) Homebuyers' Club Program is a structured consumer education program, which covers the entire home buying process.

The HNSD's Homebuyers' Club class is open to the general public, providing 8 hours of in-depth training on the home buying process. Class fee will include textbook, HUD approved homebuyer class, credit report, one-to-one credit counseling and certificate of completion. Sessions are conducted in the mornings and evenings for the convenience of participants (registration is required). For families who cannot be initially pre-qualified, our staff assists them with resolving credit and budget issues so that they may qualify at a later date. If program participants have long-term credit problems, they may be referred to an agency such as ACORN Housing or the San Antonio Housing Trust for additional assistance. Take advantage of all of the above which is included in the Homebuyers’ Club for $40.

• Families whose loan applications were initially rejected are able to resolve those issues that led to their initial rejection.
• Families who never owned a home may be qualified for the first time.
• Families gain an understanding of basic budget and credit concepts.
• Families will have the tools to make better financial decisions in the future.
• Families will understand the responsibility of home ownership.
• Topics with regard to post purchase maintenance are covered.

• Social Security numbers
• Addresses
• Employment history
• Income information (e.g. pay stubs)
• Debt information
  

Note: Class dates and times may be subject to change, please call our offices to confirm the dates and to reserve a spot. Thank you.


The Homebuyers' Club is supported through the strong partnership of committed local and national lenders, as well as the U.S. Department of Housing and Urban Development (HUD) and the Fannie Mae Foundation.