Housing Counseling

MakingChange is a nonprofit community organization based in Howard County, Maryland, whose mission is to develop and deliver financial education programs that empower individuals to achieve their own financial success stories.

At MakingChange, we offer a wide range of homebuyer education services that include: on site and online workshops, homebuyer and financial coaching, and credit-rebuilding.

Our mission is to assist prospective homebuyers in becoming fully mortgage-ready so that you can purchase, or purchase and rehab, the home of your dreams.

In our educational classes and workshops, we provide the information about affordable loan products and down-payment assistance programs and access to a network of lender, realtor and insurance partners that you will need to achieve your own homeowner success story.

 

HOMEBUYERS WORKSHOP

The first step in becoming a homeowner is to attend one of our homebuyers workshops. During the workshop, you will learn or re-enforce your knowledge about the homebuying process through step by step coaching, including the down-payment process and details on closing costs fund programs that we may have available to you. Pre-registration for all workshops is required.

Following your successful course completion, you will be referred to one of our counselors for a required one-on-one counseling session that completes the process.

Click here for homebuyer workshops calendar and instructions on the Howard County website.

 

ONLINE WORKSHOP

Can’t make one of the group classroom Homebuyer Education workshops at The MultiService Center?

MakingChange offers online Homebuyer Education workshops. Click E-HOME for more details about taking an online workshop. The fee is $100.

After finishing your Homebuyer Education workshop, schedule your one-on-one appointment.

ONE-ON-ONE SESSION

The second step in our housing counseling process is to schedule your one-on-one session with one of our certified housing counselor/coaches. Our counselors will assist you to in assessing your mortgage readiness and create a step-by-step plan tailored to your individual needs and help you accomplish your dream of home ownership.

Please fill out the intake form and bring to the one-on-one session along with the list of required documents, including a current credit report. See below for more information about these reports.

For your convenience, your appointment can be scheduled online.

CERTIFICATE

Upon successful completion of the program, you will receive your homebuying counseling certificate (needed for all mortgage and down payment assistance programs) and will be provided with any required documentation for your mortgage application.

MONTHLY EDUCATIONAL WORKSHOPS

To prepare you for the Homebuyer Workshop and follow-up counseling, as well as providing you with the latest information on the homebuying process, we’ve created a series of interactive monthly workshops. The entire home purchase process is explained during these seminars. Topics discussed will include:

  • FINANCIALLY PREPARING FOR HOMEOWNERSHIP
    • Can I afford to purchase a house and, if so, how much can I afford?
    • How much cash will I need?
    • Will my mortgage loan application receive approval if I have credit issues?
  • OBTAINING A MORTGAGE
    • Are local grant programs and loan products are available?
    • How will the lender decide whether to give me a loan?
  • SHOPPING FOR A HOME
    • When I’m interested in a house, what should I look for?
    • Should I use a buyer’s agent?
  • THE CLOSING PROCESS
    • What documents will I be expected to sign?
    • Why does it cost to get a mortgage loan?
  • LIFE AS A HOMEOWNER
    • What are the tax advantages of homeownership?
    • If I miss making my mortgage payments, will I really lose my home?

 

PRE-PURCHASE COUNSELING

This one-on-one session with a homeownership advisor is tailored to your individual needs to ensure that your mortgage application is successful.