Buying and Owning a Home

Homeownership is considered the “American Dream” for many people, and being an informed consumer with knowledge about the ideal Homebuying steps coupled with useful resources that you can trust will help you along your homeownership journey.

The following are some of the key steps of the Homebuying process that will help you buy your home safely and securely. We have included trustworthy resources to help you along your homeownership journey.

 

Take a class on home buying

 

The Homebuying Mentors

Massachusetts & Tool

http://thehomebuyingmentors.org/

The Homebuying Mentors is an independent, not-for-profit resource for Massachusetts residents to plan responsibly for their future through homeownership. The Homebuying Mentors have resources, tools, offer classes and even offer one-on-one home buying coaching.

 

Citizens' Housing & Planning Association

Massachusetts & Tool

http://www.chapa.org/looking-housing

Citizens’ Housing and Planning Association (CHAPA) is a non-profit umbrella organization for affordable housing and community development activities in Massachusetts. You can find Workshops on home buying and Housing Counselors on CHAPA’s site.

 

Getting your finances in order: Financial Education, Coaching & Credit Building

 

Boston Home Center

Massachusetts & Tool

http://www.cityofboston.gov/dnd/bhc/default.asp

The Boston Home Center (BHC) provides first-time homebuyers with educational courses and financial assistance, and markets homes developed for income-eligible, first-time homebuyers. The BHC also assists homeowners with education and foreclosure prevention counseling, and encourages strong, stable neighborhoods by providing residents with financing and technical assistance to maintain and improve their homes.

 

The Midas Collaborative

Resources

http://www.midascollab.org

Midas is a statewide network of innovative community groups increasing economic stability in Massachusetts through financial education, personal savings, and access to wealth-building assets such as homes, cars, small businesses,  and higher education. Midas provides tools, products, training, and expertise to assist community-based organizations, partners, public officials, and the general public in increasing asset creation and retention.

 

American Consumer Credit Counseling

Massachusetts 

http://www.consumercredit.com/

American Consumer Credit Counseling (ACCC) is a non-profit organization located in Newton, Massachusetts, offering confidential credit counseling, debt management, bankruptcy counseling, and housing counseling.

 

Keys to My Home

Resource & Tool

http://www.keystomyhome.org/

Are You Ready? Keys to My Home is a NeighborWorks America web site that is designed to help you make informed, sound decisions related to understanding credit and the home buying process.

 

Build Your Real Estate Team: Finding Quality Real Estate Professionals

 

Homebuying Mentors: Homeownership Resource Guide 2014

Massachusetts & Resource

http://thehomebuyingmentors.org/resources/resource-guide/

The Homeownership Resource Guide is your on-the-go tool full of must have information for homebuyers and homeowners. In addition to great information, the Guide offers a resource directory full of real estate professionals you can trust. 

 

Transactional Law Clinic at Harvard University

Massachusetts & Tool

http://www.law.harvard.edu/academics/clinical/tlc/clients/realestate.html

The Transactional Law Clinics offer free and low cost legal services to clients throughout the metropolitan Boston area. Legal services are made available to clients who could not likely afford assistance. The Clinics provide advanced law students at Harvard Law School the opportunity to gain practical experience and earn academic credit by handling real cases for real clients. Students are supervised by attorneys who are experienced practitioners and mentors.

 

Massachusetts Bar Lawyer Refferal Service

Massachusetts & Tool

http://www.masslawhelp.com/

The Massachusetts Bar Association's Lawyer Referral Service is one of the largest legal referral services in the nation. If you are buying/selling a home, starting a business, going through a divorce or need a will, you may need to hire the right attorney to answer your questions and help resolve your legal problems. Note: There is no cost to utilize LRS, but referrals are made to fee charging attorneys.

 

Massachusetts Home Loan Programs for First Time Home Buyers

 

ONE Mortgage Program

Massachusetts & Tool

http://www.mhp.net/one-mortgage/why-one

ONE Mortgage is the state's most affordable mortgage program for low- and moderate-income first-time homebuyers. ONE features low, fixed-rate financing and a state-backed reserve that relieves homebuyers from the cost of private mortgage insurance. To learn about this program, visit Massachusetts Housing Partnership.

The Massachusetts Housing Partnership (MHP) is a statewide public non-profit affordable housing organization that works in concert with the Governor and the state Department of Housing and Community Development to help increase the supply of affordable housing in Massachusetts.

 

MassHousing

Massachusetts & Tool

https://www.masshousing.com  

MassHousing has information on the loans available, and approved lenders. The state's affordable housing bank supports the creation, preservation and long-term viability of affordable homeownership and rental housing opportunities for Massachusetts residents with modest incomes.

 

Protecting your home

 

Homestead Proctection Law

Massachusetts

http://www.sec.state.ma.us/rod/rodhom/homidx.htm

An estate of homestead is a type of protection for a person’s principal residence. There is an automatic homestead protection of one hundred and twenty-five thousand dollars ($125,000) with respect to a home that does not declare a homestead exemption with the Registry of Deeds

 

Insurance for your home

Resource & Tool

http://www.insurancequotes.org/home-insurance/

InsuranceQuotes.org provides comprehensive resources, clear information and quotes about your insurance coverage. We focused our research on raising awareness about the insurance options by creating free web resources rich with highly relevant information for those interested. The home insurance resource was created as part of our project’s larger mission to help homeowners make safer and smarter decisions when it comes to their home. It strives to address the dense policy-talk and give homeowners the information they need to make the best coverage decisions for them.

 

Consumer Financial Protection Bureau

Resource & Tool

http://www.consumerfinance.gov/mortgage/

The Consumer Financial Protection Bureau (CFPB) was built to give consumers protections and rights against harmful financial products. Their site offers information and help for homebuyers, home owners and foreclosure prevention

 

Massachusetts Consumer Protection Law

Massachusetts

http://www.mass.gov/ocabr/consumer-rights-and-resources/consumer-protection/shopping/consumer-protection-law.html

Learn more about your rights as a consumer in Massachusetts, and what kinds of deceptive business practices are considered violations of those rights. 

 

Click below to rate this post:

Not Finding What You Are Looking For?

Here are some other ways to get help

Is there a 911 for financial emergencies!? Yes! There is!
Tell us about your emergency.
Financial 911
We thought you'd never ask!
Click here for your
Financial Health Check-Up.
Financial Health Check-Up
Feeling Stuck?
Get in touch and ask a
Financial Health Coach.
A Live Human Please!