The U.S. Department of Housing and Urban Development (HUD) recently published a study on the benefits of housing education and counseling for first-time homebuyers and discovered that both may lead to favorable results in terms of mortgage literacy and preparedness, homebuyer outcomes and loan performance.
Community Partners (home to Housing Partnership Inc) was included in the study and several of our clients participated to provide the findings.
The HUD study helps confirm that education and counseling can not only expand access to credit but also help borrowers make better choices to achieve financial stability through housing.
Community Partners' participants were included in a sample of over 2000 people and were found to have an improved mortgage literacy as well as a credit score of 620 or higher and a greater appreciation of communication with lenders.
We believe that financially stable and self-sufficient homes are at the heart of strong and healthy communities and want to help you achieve your dream of homeownership.
If you or someone you know is looking for a home, please contact Community Partners' housing services department today by calling 561.841.3500.
Together, we can build a strong future!