Support for Buying a Home in Rutland, VT
Support and Resources for When You Are Ready to Buy a Home
After a recent HomeBuyer Education class, a student wrote, “The information was so very clearly presented…that I walked away with a new confidence in the home buying endeavor. Equally important is this family of informed counselors serving to create a safety net in the risky business of real estate.”
“This class is a huge relief,” said a recent Foreclosure Prevention client.
“Everything is broken down into manageable steps. It is such a relief to know that NeighborWorks is my advocate and their goal is to keep people in their homes, not to make money off them.”
We receive similar reports regularly.
At NeighborWorks, we not only look out for the best interests of our clients, but we want them to be informed and confident about the process of buying a home. That’s why we start with the most fundamental piece of the homebuying puzzle: education.
Every new financial step can feel overwhelming without the necessary knowledge to navigate the many decisions you are required to make. This can be even more overwhelming when your budget is tight. By arming you with this information through our Financial Capabilities and HomeBuyer Education courses, we put the ball in your court without leaving you high and dry.
Our entire team supports our clients and acts as your resource throughout the process. For many people, a class at NeighborWorks becomes their first step on the path to financial stability and homeownership.
Meet Stacie, a New Homeowner in Rutland.
“I had always dreamed of owning my own home but I really had no idea where to begin with the process,“ Stacie explained, “The only thing I knew about home buying was what I had learned by watching HGTV. Those people sure made it look easy!”
“One of my friends told me about NeighborWorks so I got online and saw that they regularly hold a HomeBuyer Education class. I decided to educate myself and signed up for a class. I needed to learn all that I could. The class took up a whole Saturday, but it was a freezing cold Saturday and what else was I doing? The class was totally worth the time and the money. I learned so much! I am a self-employed artist and at the time of the class I was living at home with my mom. I was working very hard to build my business and save some money.”
After taking a class, our clients set up one-on-one counseling to home in on their personal needs.
As Stacie writes, “…the counseling I received was fabulous! [My counselor] was warm and welcoming and made me feel completely empowered and ready to begin the process. She set me up with an application for a USDA loan, which…was the perfect option for me!”
“From the time I began my search [for a home] until the closing date, it was exactly three months. I think many people feel that buying a home is a hopeless prospect for many reasons. It isn’t true. [My counselor] gave me the perfect amount of knowledge, guidance, and encouragement to go it alone. But I was never really alone because NeighborWorks was only a phone call or email away.”
Don’t let fear of the unknown stop you and don’t assume your financial situation rules out becoming a homeowner.
Stacie admits, “The thought of buying a home and having all those new responsibilities can be scary. However, after crunching numbers, I realized that my monthly payments and bills would probably not be too much more than I was paying for my half of rent and the shared bills I already had.”
Owning a home means making a lasting investment. As Stacie puts it, “I can confidently say that homeownership was one of the best decisions I have ever made. With each renovation that I make, dollar I spend, and minute that I put into working on improving my home, I feel more and more proud of where I live!”
What are the benefits of buying a home instead of continuing to rent?
The Benefits of Buying A Home Versus Renting
- As a result of current low interest rates, a monthly mortgage payment could be the same or lower than what you are paying in rent.
- Any improvements you make to your home could go towards increasing its resale value.
- You can deduct any interest that you are paying on your mortgage from your taxes.
- You can finally put down roots in your neighborhood.
Would you like to stop paying rent and start investing in your own home? Please explore our website to learn more about the options available to you. Or, give us a call at 802-438-2131! We would love to partner with you and help you on your path to homeownership.
If you are ready to become a homeowner, it is good to know that there are many reliable resources that can help you get there – you don’t have to do it alone!
Do you know about RealtyWorks?
NeighborWorks operates a little differently from an average real estate office. As a part of Neighborworks of Western Vermont, we have more tools and resources to help you attain homeownership. We can work with you as a buyer representative.
That means that we are obligated to advocate in your best financial interest. Our Realtors are knowledgeable about the full array of services (including financing options) that NeighborWorks offers, so that you don’t miss out on any other benefits for which you may be a good candidate.
Unique products and programs NeighborWorks offers:
Down Payment Assistance – Saving for a down payment is often the biggest roadblock to owning a home. NeighborWorks offers grants and loans of up to $40,000 towards a down payment. Which can help you achieve homeownership sooner than you may have imagined.
Financial Assistance and Education – Our customers have exclusive access to products that are unavailable at traditional lending institutions. We also offer classes that specialize in homeownership and personal finance. This education will leave you feeling empowered and in-the-know when faced with the many financial considerations thrown your way whether you are a homeowner or not.
Finding the Best Home for You – As a nonprofit, Neighborworks Realty is interested in helping you find the home that is the right fit for you and your family. We are in your corner from the very first day of your home search until the day you are handed the keys to your new home. We work with you to make sure you have all of the information you need to make smart decisions about the home you are buying, and that you have real answers to all of your financial questions.
Home Repairs and Efficiency Upgrades– We want to help you even after you’ve bought your home! How’s that for full-service? Through our HEAT Squad program, homeowners can receive low-cost energy audits to determine the most cost-effective way to reduce their home heating and energy costs. Our in-house energy loan can help finance those improvements.