Your Guide to Housing Counselors: How They Help You Buy a Home

Buying a home is a huge milestone, but it can also feel overwhelming—especially if it is your first time.

If you aren't sure where to start or how to manage your finances, a housing counselor can be a great resource to guide you through the process.
 

What Is a Housing Counselor?

Housing counselors are trained, independent experts who provide personal advice based on your specific financial situation. Their main goal is to help you make smart decisions so you can become a successful homeowner.

Because many of these counselors work for non-profit organizations, their services are often available at little or no cost to you.
 

How Can They Help You?

A housing counselor acts as a coach for your finances. They typically start by asking about your income, how much you have in savings, and what your credit looks like. Here are some of the specific ways they can assist:
 

• Improving Your Credit: They can help you understand your credit score and give you tips on how to improve it.
• Managing Debt: If you have loans or credit card debt, they can help you create a plan to manage those payments.
• Determining Your Budget: They help you figure out exactly how much home you can afford so you don’t take on a mortgage that is too expensive.
• Preparing for the Future: They ensure you are ready for the long-term responsibilities of owning and maintaining a home.

 

Support for Current Homeowners

Housing counselors aren’t just for buyers. If you already own a home but are having a hard time making your monthly mortgage payments, a counselor can help.

They provide guidance on how to navigate financial hardships and work with your lender to avoid losing your home.
 

Getting Started

If you are ready to take the next step toward homeownership, look for local resources and tools to find a certified housing counselor in your area.

They can provide the support and peace of mind you need to navigate the housing market with confidence.

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Find out if you're eligible for housing support here!