CONYERS -- Educational workshops for first-time homebuyers or those looking to invest again after a foreclosure have proven popular among Newton and Rockdale County residents and are continuing under the sponsorship of Family Community Housing Association Inc.
The Newton-based nonprofit will host another free workshop, the third in a year, from 9 a.m. until 5 p.m. Saturday, July 30 at the Rockdale Cooperative Extension located at 1400 Parker Road, Lobby A, in Conyers.
Topics will include budgeting, the mortgage loan process, money management, home inspection and appraisal, the ABCs of credit, homeowner's insurance, credit reports, what to expect from realtors, down payment assistance and legal rights.
Family Community Housing Association Executive Director Julius Webb said the program is aimed at "renters who are looking to become homeowners and those who have been foreclosed on and want to get their credit back on track."
First-time homebuyers are those who have not owned a home in three years, Webb said.
Participants will receive a HUD-approved certificate and could qualify for up to $20,000 in down payment and closing cost assistance.
The previous two workshops, held last summer and spring, drew a total of about 100 participants.
Registration is under way now. Walk-ins are welcome, but registration is preferred, as organizers need a head count to determine how many plates to fix for lunch, which will be provided free of charge. To register, call 770-278-7373.
The Family Community Housing Association focuses primarily on educating homebuyers and offering down payment assistance. When the housing market took a downward turn in late 2007, the organization lost most of its funding. Its board of directors decided to retool the program to focus on foreclosure prevention, Webb said. The organization works with lenders and borrowers to restructure payment plans or find other solutions to help homeowners avoid foreclosure.