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Housing - Economic Resources & Education is a nonprofit organization established to provide economic resources available to persons in the housing market. We will provide education on grants as well as specialized loan programs for low to moderate income and/or nontraditional credit score individuals.
Housing - Economic Resources & Education is organized and operated exclusively for charitable, religious, educational, and scientific purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations described under Section 501(c)(3) of the Internal Revenue Code, or corresponding section of any future federal tax code.
During your homeownership journey, we will advise you on your money and debts, help you with a budget, and offer money management tips as needed.
Learning the basics to homeownership is essential! We offer homebuyer education courses periodically online or in-person.
This class explains the home-buying process, what is needed from the borrower to be approved for a mortgage loan, the benefits of homeownership, the challenges of homeownership, and mortgage and lending terms.
We are a certified loan packager for USDA Rural Development’s 502 Direct Loan. “This program assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance (subsidy) to increase an applicant’s repayment ability.” The program also typically has a lower than market interest rate and more flexible credit score requirements.
Our Mission
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Secretary
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Housing: Economic Resources & Education
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