- Assessing Your Financial Health
- Setting and Achieving Financial Goals
- Making Wise Consumer Decisions
- Managing Your Taxes
- Protecting Yourself and Your Family with Insurance
This informational session will help you answer the question, “Is Homeownership right for me?” At the end of the session you may complete the application for one-on-one counseling.
To attend one of these sessions, click here.
- Are You Ready to Buy a Home?
- Budget and Credit
- Getting a Mortgage Loan
- Shopping for a Home
- Keeping your Home & Managing your Finances
The on-site course is taught by NeighborWorks® certified educators.
The Homebuyer Education course is also available online! This will provide you with the convenience of taking the course at your own pace, whenever it is convenient to you. This course takes approximately 8-10 hours and once you enroll, you may stop and start at any time. This online course is also a great way to become familiar with the home buying process even if you are not yet ready to get started. At the end of the course you will have to take a test, you will need to pass the test in order to graduate. Please click here to register and enroll in the online course.
- A personalized Credit and Budget Analysis – The counselor assesses your financial profile including employment history, credit history and assets.
- A personalized Affordability Analysis – The counselor considers income, assets and financial obligations to determine your readiness to purchase.
- A personalized Action Plan – The counselor provides you with guidance in the homebuyer process.
When you are ready to shop for a mortgage, your counselor will help you access the most competitive quotes, compare the mortgage offers and apply for downpayment and closing cost assistance.
Once you have completed your action plan and graduated from the Homebuyer Education course, your counselor will certify you as a “mortgage ready” borrower. This certificate will qualify you for downpayment and closing cost assistance through NHSNYC, as well as the best mortgage deals from our partner banks.
If your Loan Officer determines that you qualify for the loan, instruct your contractor to submit directly to your NHS Loan Officer their license, Liability Insurance and Workers Comp Insurance. Upon approval of your loan, your Loan Officer will notify you of the closing. At the closing you will agree to the repayment terms of the Emergency Loan and authorize NHS to pay your contractor on your behalf from the loan proceeds. When your contractor has completed the work, NHS will perform a final inspection. Once the NHS Construction Services department indicates that the work is complete and the borrower signs off on the payment, the contractor is paid 90% of the project costs. 30 days later the contractor will receive the remaining 10%.
Please help us in our End of Year campaign to provide the resources to stabilize neighborhoods. Our 30th Anniversary Year has been full. NHSNYC has been there for so many neighbors in need. From fighting in Albany for foreclosure funding to distributing “We Care Clean-up Buckets” we are helping strengthen communities.
Your support at this critical time will enable us to reach real people. People like Isis who faced foreclosure and had nowhere to go. And people who have been hit by Hurricane Sandy and need to rebuild. Each of us can make a difference as we work to recover in the aftermath of Sandy and revitalize neighborhoods in New York City.
Please be as generous as you can when you make your end of year gift.
Neighborhood Housing Services of New York City, Inc.(NHSNYC) Charitable Solicitations Disclosure Statement: Neighborhood Housing Services of New York City, Inc. is tax-exempt under §501(c)(3) of the Internal Revenue Code.
All grants and contributions to NHSNYC are tax deductible to the fullest extent of the law, and will help NHSNYC meet its mission: Neighborhood Housing Services of New York City, Inc revitalizes underserved neighborhoods by creating and preserving affordable housing and providing opportunities for homeownership education, financial assistance and community leadership. Working in partnership with government and business, we are led by local residents and guided by local needs.
A copy of NHSNYC’s financial statements, its state registration information, and a description of our charitable purposes may be obtained by contacting us at: Neighborhood Housing Services of New York City, Inc., 307 West 36th Street, 12th Floor New York, New York, 10018 (212-519-2500), or by contacting the following state agency in accordance with the information below:
New York: The Office of the Attorney General, Charities Bureau, 120 Broadway, New York, NY 10271.
NHS Emergency Loan Program Document Checklist
1-4 Owner Occupants Emergency Loan
- Proof of Ownership
- Proof of Income
- Proof of Homeowner’s Insurance (declaration page)
- Most recent Real Estate Tax, water and sewer Statement
- Non-refundable Application Fee
- Contractor’s estimate
- Other items as requested
5-20 Residential and Mixed-use Buildings
- Proof of Ownership
- DHCR Rent Registration Summary
- Federal Income Tax Return including Schedule E for Individual Owners
- Financial Statement including Income and Expense Statement for Corporations and Partnerships
- Certificate of Incorporation/Partnership (if applicable)
- Most recent Real Estate Tax, water and sewer statement
- Non-refundable Application Fee
- Proof of Homeowner’s Insurance
- Copy of any Mortgage /Note or Satisfaction of Mortgage
- Other Items as requested
Request an appointment to make your application with one of the locations below.
At your appointment the Loan Officer will determine your eligibility for the loan and coordinate your next steps Please remember to bring the documents listed above to your appointment including a work estimate from a licensed and insured contractor. Some projects may require our Construction Services Department to conduct site inspections, prepare a scope of work, schedule payments to the contractor and issue certificate of completion.
Neighborhood Housing Services of New York City, Inc. in partnership with the Neighborhood Trust Financial Partner (NTFP) provides GETTING AHEAD, a 5-week course that provides you the right tools and support to take control of your financial future. Each week you will work with your financial advisor to put together your goals and employ the right plan for your success.
Build Your Financial Action Plan Each Week
Set a wealth-building goal such as homeownership, higher education, entrepreneurship, or retirement. Master your household budget, diminish your debt, patch up your credit, and launch saving for your future.
Week 1: Set a financial goal
Week 2: Develop a budget
Week 3: Reduce your debt
Week 4: Get your credit report
Week 5: Start saving for your future
Managing debt and building wealth shouldn’t be as hard as it seems, if you have a plan. We will assist you in achieving your goals, by helping you to understand the “how and why” of winning financial habits. We will help you create a plan specific to your needs, that helps you reach your goals rather than set just set goals. Our trained staff will provide you the tools to create and achieve meaningful goals. Our innovative program curriculum provides guidance, accountability and encouragement– the result is an achievable financial future.