Overview
This comprehensive training is designed specifically for housing counselors to build mastery in income calculation and mortgage math key components in guiding clients through the homeownership journey. Participants will gain practical knowledge and hands-on experience in calculating diverse income sources, including salaried, hourly, self-employed, and irregular income. The course will also focus on understanding debt-to-income (DTI) ratios, analyzing affordability, and navigating mortgage calculations such as principal, interest, taxes, and insurance (PITI).
Through real-world scenarios, interactive exercises, and expert instruction, housing counselors will develop the confidence to demystify financial complexities for their clients. By the end of the course, participants will be equipped to provide accurate, actionable advice that empowers clients to make informed decisions about their housing options. Whether you're new to the field or looking to refine your skills, this training is a critical step toward advancing your expertise and impact as a housing counselor.
Learning Objectives:
- Educate clients on the steps involved in purchasing a single-family home, from pre-approval to closing.
- Help clients understand credit requirements, manage debt, and create budgets for homeownership.
- Provide tools to evaluate housing affordability and identify suitable loan options.
- Guide clients through home inspections, appraisals, and understanding purchase agreements.
- Empower clients to make informed decisions and avoid common home-buying challenges.
Who Should Attend:
- HUD Approved Housing Counselors
- Nonprofit and Community Organizations
This course is an essential resource for housing counselors seeking to deepen their expertise and help clients achieve their dream of sustainable homeownership.
FREE to Housing Counselors working at a HUD approved HCA.
Course Modules:
Class Objectives and Overview
Mortgage Products
Affordability
Credit Managment
Debt Management
Fair Housing Laws & Regulations
Document Preparation
Scholarship Eligibility
This Pre-Purchase counseling training for multi-family residential property online course is designed for HUD approved counseling agencies interested in learning the skills clients will need to effectively manage their rental units and meet their obligations as landlords while observing federal, state and local laws and regulations. To be eligible for the full tuition scholarship you must be employed by a HUD approved counseling agency when you register. After completing the registration form, your will receive a confirmation message. Once your application is reviewed and approved, you will receive a welcome email with the instructions to join the free online training course.
Single-Family Residential Property Certificate of Completion
Download your certificate of completion once you have finished the course.