Aloha Thank you for your interest in the Hawaii HomeOwnership by jolinmilioncherie

VIEWS: 0 PAGES: 11

									Aloha,

Thank you for your interest in the Hawaii HomeOwnership Center’s Homebuyer Education & Counseling
Program. We have found that the combination of classes and individualized counseling is effective in helping
homebuyers be prepared for sustained homeownership. We look forward to working with you to achieve your
homeownership goals.

Program Overview
We offer a lifetime membership that allows you access to our homebuyer education classes, individualized
counseling (before & after purchasing a home), workshops, and homeownership related updates as information
is available. You can elect to use the range of offerings based on your needs and interests – chart provided
below. The membership is offered for the “buying unit” which includes everyone that will be involved in
applying for the home loan (one membership fee for all members of the “buying unit”).

Homebuyer Education                    Individualized Counseling               Workshops & Updates
• Class sessions covers                • Assessment of “mortgage               • Workshop topics vary – past
  o Money Management                       readiness” and plan to address          sessions: wills & trusts,
  o Understanding Credit                   homeownership barriers                  flooring, remodeling,
  o Getting a Mortgage                 • Subsequent counseling sessions            insurance
  o Real Estate Transaction                based on needs                      • Updates on homeownership
  o Insurance                          • Homebuyer assistance                      opportunities – primarily via
• Volunteers in the housing                information (if available)              email
  industry involved in classes         • Counseling after the home
• Each person in the “buying unit”         purchase
  can take the classes separately          o Budgeting issues
• Repeat live classes                      o Making another purchase
• Online education available*              o Refinance
                                           o Foreclosure Prevention
*Online class can only be taken once – additional fee required to repeat online option.

Getting Started
   • After submitting intake form (attached) & payment installment of $60 membership fee : You will
       be registered for the first 2 homebuyer education classes. Your counseling assessment will occur
       AFTER we receive your counseling documents (listed below).

         OR

   •     After submitting intake form (attached), payment installment of $60 membership AND counseling
         documents (listed below): You will start with a counseling assessment and at that time you will be
         registered for the first 2 homebuyer education classes.
Counseling will begin once the following financial documents are received (this allows the counselor to have
the information he/she needs to work with you in your homeownership plans):

       Evidence of income such as, most recent pay stubs covering a one month period, award letters, etc.
       • Those who are self employed provide the last 2 years of federal tax returns (including Schedule C –
           profit and loss statement)
       Savings information such as statements of bank, retirement, and/or investment accounts, and other
       assets.
       Credit report from all 3 bureaus pulled within the last 30 days (Trans Union, Equifax, and Experian).
       The Center can order a tri-merge individual report for $13.90 or a joint report (married couples) for
       $22.80 – call for more information.
       Most recent Federal Tax Return (1040).

We look forward to hearing from you. Please do not hesitate to call us if you have questions (Oahu 523-9500,
toll-free 877-523-9503).

Sincerely,
Hawaii HomeOwnership Center
                                                                                        “…the HomeOwnership Center
                                                                                        aims to build stronger families
                                                                                        and community’s one
                                                                                        homeowner at a time.”


 Membership Features & Benefits
                                                          Learn more about the Hawai’i HomeOwnership
                                                          Center and how we can help you reach your goal
                                                          of homeownership. Register to attend an
FREE Orientation
                                        1                 upcoming live session or go online.


                                                          Our nationally recognized training courses provide
                                                          credible, accurate information. The nine hour content is
                                                          presented to you in to ensure that you leave our courses
                                                          with the skills you need to become “Mortgage Ready” and


Home Buyers Education                   2                 make an informed decision about your home purchase.

                                                          Online classes are also available.


                                                          Individualized counseling sessions provide you
                                                          with customized plans to help you reach your


One-on-one Counseling
                                        3                 goals more efficiently. Our counselors normally
                                                          spend between 6 to 10 hours with each family.




                                                          Our network of professionals is dedicated to
                                                          providing the services you need to find your




Professional Referrals
                                        4                 property, provide you with financing and
                                                          property insurance.




                                                          Our Homeowners’ seminars are designed to help
                                                          you meet the ongoing challenges of
                                                          homeownership by maintaining your home
                                                          properly and avoiding financial pitfalls and

Post Purchase Services
                                        5                 foreclosure. Our homebuyers have so far proven
                                                          to be default resistant.



                            All of this can be yours for a one-time membership fee of $60.*
  *Clients provide authorization for the Center to receive a copy of their final HUD-1 statement (mortgage closing statement) after they purchase a
                                                                          home.
Home Buyer’s Education Course Syllabus
Title: Home Buyer’s Education
Text Provided With Membership
For Dates Offered: Call 523-9500 (Oahu), Toll-free 1-877-523-9503 (Neighbor Islands) for latest
schedule or view our website at www.hihomeownership.org

         Course
                             Topics Covered
    Ia - Managing Your           tracking income and expenses
            Money                setting financial goals
         (2.25 hours)            preparing a “reasonable” household spending and savings plan
                                 evaluating and adjusting your spending plan
                                 saving for homeownership

    Ib - Understanding           the “true” costs and benefits of credit
            Credit               reading and understanding your credit report
         (2.25 hours)            managing your debts
                                 using credit wisely, in order to build up a solid credit history and become
                                 eligible for a mortgage loan
                                 identity theft

  IIa - Getting a Mortgage       the financial costs of homeownership including PITI
             Loan                ratio analysis and affordability
         (2.25 hours)            the 4 C’s of credit and how lenders evaluate applications
                                 how to find a lender
                                 your lender’s job
                                 steps in getting a loan

   IIb - Shopping for a          identifying your individual wants and needs for a home
            Home                 finding the right agent
         (2.25 hours)            different types of homeownership
                                 finding a home which fits your criteria and price range
                                 making an offer, negotiating the best deal and moving from contract to closing
                                 protecting your investment with insurance




                                                                                                                   Page 4 of 11
                                                                                          1259 Aala Street #201, Hon, HI 96817
                                                                                                                  As of 042710
                                                   Services provided on Kauai*, Hilo, Kona, Oahu – all documents sent to Oahu for processing

                                                   OAHU
                                                   1259 A’ala St., Ste. 201 Office
                                                   Honolulu, HI 96817
                                                   Phone: (808) 523-9500
                                                   Toll-Free (877) 523-9503

                                                   *Kauai classes are held in Lihue. Counseling primarily provided over the phone.



                                               PERSONAL PROFILE FORM
Note: In order for us to make a Preliminary Readiness Assessment, which will identify potential barriers
in your home buying process and determine how we can best help you become a homeowner, all sections
must be completed. Please print clearly.
PERSONAL INFO                                     Client                                                        Co-Client
First Name, MI
Last Name
Mailing Address
City, State, Zip
Physical Street Address, Apt.
#
City, State, Zip
Home Phone
Work Phone/Extension
Cellular/Pager
Fax
E-mail
Social Security #
Date of Birth
                                White          Pacific Islander                          White             Pacific Islander

                                Asian          African American                          Asian             African American

                                Hispanic       American Indian                           Hispanic           American Indian
Race
                                Other          Alaska Native                             Other             Alaska Native

                                Hawaiian: Less than 50% Blood Quantum                    Hawaiian: Less than 50% Blood Quantum

                                Hawaiian: 50% or More Blood Quantum                      Hawaiian: 50% or More Blood Quantum

Foreign Born?                           Yes           No                                         Yes                 No

                                    Single    Married  Divorced                                 Single    Married  Divorced
Marital Status
                                    Separated     Widowed                                       Separated     Widowed
Gender                                  Male           Female                                     Male                Female

Do you need special
                                        Yes           No                                         Yes                 No
accommodations?
First Time Buyer?                   Yes             No                                           Yes                 No
Female-Headed House?                Yes             No                                           Yes                 No

                                                                                                                                     Page 5 of 11
                                                                                                            1259 Aala Street #201, Hon, HI 96817
                                                                                                                                    As of 042710
PERSONAL INFO                                      Client                                         Co-Client
                                    Below HS Diploma                               Below HS Diploma
                                    HS Diploma/Equivalent                          HS Diploma/Equivalent
                                    2-Year College                                 2-Year College
Education                           Bachelor Degree                                Bachelor Degree
                                    Masters Degree                                 Masters Degree
                                    Above Masters Degree                           Above Masters Degree
                                    Unknown                                        Unknown

                                                                               Relationship to Client:
                                                                                  Spouse       Sibling         No Relationship
Annual Household Income (gross income): ____________________________________      Parent      Step Parent        Legal Guardian
                                                                                  Grandparent       Grandchild         Step Child
                                                                                  Other ______________________________

Referred to HomeOwnership Center by (please check all that apply):
  Print Advertisement             Bank/Lender               Government               Realtor                 Radio               TV
  Staff/Board Member          None/Walk-in         Friend/Family         Newspaper                             Other
__________________
Please provide the name of the person and/or business so that we may thank them:
___________________
Company Name and Phone Number: ___________________________________________________________________________

ADDITIONAL HOUSEHOLD MEMBERS (Please list all household members)

        Name                   Relationship          Age       Birth       Hawaiian Ancestry             Income (if separate)
                                                               Date
                                                                               less than 50%
                                                                               50% or more
                                                                               not Hawaiian
                                                                               less than 50%
                                                                               50% or more
                                                                               not Hawaiian
                                                                               less than 50 %
                                                                               50% or more
                                                                               not Hawaiian
       CURRENT HOUSING                                   Client                                   Co-Client
        ARRANGEMENT                                  (please check)                    (please check if NOT living with
                                                                                                   Client)
                                            Rent ($__________ per month)               Rent ($__________ per month)
  Maximum monthly mortgage                  Section 8 (max. # of bedrooms             Section 8 (max. # of bedrooms
  payment you are comfortable             _______)                                  _______)
            with:                          Homeowner ($__________ per                Homeowner ($__________ per
                                          month)                                    month)
            $_______________               Currently don’t pay rent or               Currently don’t pay rent or
                                          mortgage                                  mortgage
                                            Homeless/Living in shelter                 Homeless/Living in shelter

                                                                                                                          Page 6 of 11
                                                                                                 1259 Aala Street #201, Hon, HI 96817
                                                                                                                         As of 042710
EMPLOYMENT/GROSS INCOME (Please list all sources of income for all family members)
Employer/Source of            Whose          Start/Hire        Hourly        # of Hours         Pay              Gross Income
     Income                   Income            Date           Wage          per Week         Schedule            Per Month




Are you about to receive additional funds (e.g., tax refunds, property sales, gift, etc.)?           Yes      No

     If yes, how much? $____________________    From where? _______________________________

CREDIT                                                                    Client                            Co-Client

Do you have debt or credit issues?                                     Yes       No                  Yes           No


Have your payments been made on time?                                  Yes       No                  Yes           No


Are you currently in Chapter 13 bankruptcy?                            Yes       No                  Yes           No

        If, yes, when did it begin?

        If yes, when will it be paid out?

        If yes, how much is the payment?

Have you had a Chapter 7 bankruptcy?                                   Yes       No                  Yes           No

        If yes, when was it discharged?



ADDITIONAL INFORMATION                                          Client                        Co-Client
                                                                       Yes       No                  Yes           No
Have you owned a home in the last three years?

                                                                       Yes       No                  Yes           No
Are you a Veteran or currently in the armed services?

                                                                       Yes       No                  Yes           No
Do you have a contract on a house at this time?

                                                                       Yes       No                  Yes           No
Are you currently working with a real estate agent?

Are you currently working with another agency?
If yes, please list.


                                                                                                                          Page 7 of 11
                                                                                                 1259 Aala Street #201, Hon, HI 96817
                                                                                                                         As of 042710
AUTHORIZATION
DISCLAIMER: I understand that the role of the Hawai`i HomeOwnership Center and its employees is to provide
support, education, and resources to help me reach my goal, as well as encouragement and respect for my efforts
to become a homeowner. The Hawai`i HomeOwnership Center’s goal is to meet the needs of all clients whenever
possible. However, I understand the Hawai`i HomeOwnership Center does not guarantee that I will be able to
secure a mortgage, participate in any assistance programs, or purchase a home. This information does not
constitute an application for mortgage financing or mortgage insurance.
                                                                                             Initial _________________
PHOTO / VIDEO RELEASE: I hereby give permission for images captured during Orientation and Home Buyer
education classes through video, photo and digital camera, to be used solely for the purpose of promotional
material and publications, and waive any rights of compensation or ownership thereto.
                                                                                             Initial _________________

I authorize the Hawai`i HomeOwnership Center to:
(a) pull my /our credit report(s) or review my / our credit file(s) for housing counseling in connection with
    my/our pursuit on a loan to purchase real property; and obtain information pertaining to my/our bank/asset
    accounts, employment, income, outstanding debts, and to make any other inquires pertaining to my/our
    qualification for a mortgage loan and/ or grant funds.
(b) obtain a copy of the HUD-1 Settlement Statement, Appraisal, Sales Contract, Loan Approval Letter, Good Faith
    Estimate/Truth-in-Lending Statement, and Real Estate Note(s) when I / we purchase a home, from the lender
    who made me / us a loan and / or the title company that closed the loan.
I / We understand that any intentional or negligent representation(s) of the information contained on this form
may result in civil liability and / or criminal liability under the provisions of Title 18, United States Code, Section
1001.


_________________________________________________________                            ____________________

Customer                                                                             Date

_________________________________________________________                            ____________________

Co-Customer                                                                          Date

For Office Use Only

Membership Fee: ______________________________


Home Buyer Education Class Date: _____________________________________________

Class Location: _____________________________________________________________

Class Time: ________________________________________________________________

Number Attending: ___________________




                                                                                                                        Page 8 of 11
                                                                                               1259 Aala Street #201, Hon, HI 96817
                                                                                                                       As of 042710
                                        PRIVACY POLICY AND PRACTICES OF

                                             Hawai'i HomeOwnership Center

We at Hawai'i HomeOwnership Center value your trust and are committed to the
responsible management, use and protection of personal information. This notice describes our policy
regarding the collection and disclosure of personal information. Personal information, as used in this notice,
means information that identifies an individual personally and is not otherwise publicly available information.
It includes personal financial information such as credit history, income, employment history, financial
assets, bank account information and financial debts. It also includes your social security number and other
information that you have provided us on any applications or forms that you have completed.

Information We Collect
We collect personal information to support our lending operations, financial fitness counseling and to aid
you in shopping for and obtaining a home mortgage from a conventional lender. We collect personal
information about you from the following sources:
          Information that we receive from you on applications or other forms,
          Information about your transactions with us, our affiliates or others,
          Information we receive from a consumer reporting agency, and
          Information that we receive from personal and employment references.

Information We Disclose
We may disclose the following kinds of personal information about you:
         Information we receive from you on applications or other forms, such as your name, address, social
         security number, employer, occupation, assets, debts and income;
         Information about your transactions with us, our affiliates or others, such as your account balance,
         payment history and parties to your transactions; and
         Information we receive from a consumer reporting agency, such as your credit bureau reports, your
         credit history and your credit worthiness.

To Whom Do We Disclose
We may disclose your personal information to the following types of unaffiliated third parties:
            Financial service providers, such as companies engaged in providing home mortgage or home equity
            loans,
            Others, such as nonprofit organizations involved in community development, but only for program
            review, auditing, research and oversight purposes.
We may also disclose personal information about you to third parties as permitted by law.
Prior to sharing personal information with unaffiliated third parties, except as described in this policy, we
will give you an opportunity to direct that such information not be disclosed.

Confidentiality and Security
We restrict access to personal information about you to those of our employees who need to know that
information to provide products and services to you and to help them do their jobs, including underwriting
and servicing of loans, making loan decisions, aiding you in obtaining loans from others, and financial
counseling. We maintain physical and electronic security procedures to safeguard the confidentiality and
integrity of personal information in our possession and to guard against unauthorized access. We use
locked files, user authentication and detection software to protect your information. Our safeguards comply with federal
regulations to guard your personal information.




                                                                                                                         Page 9 of 11
                                                                                                1259 Aala Street #201, Hon, HI 96817
                                                                                                                        As of 042710
                                       PRIVACY POLICY AND PRACTICES OF

                                              Hawai'i HomeOwnership Center

Directing Us Not to Make Disclosures to Unaffiliated Third Parties
If you prefer that we not disclose personal information about you to unaffiliated third parties, you may opt out
of those disclosures, that is, you may direct us not to make those disclosures (other than disclosures permitted
by law).
    If you wish to opt out of disclosures to unaffiliated third parties other than nonprofit organizations involved
    in community development, you may check Box 1 on the attached Privacy Choices Form.
    If you wish to opt out of disclosures to nonprofit organizations involved in community development that are
    used only for program review, auditing, research and oversight purposes, you may check Box 2 on this
    tPrivacy Choices Form.

                                            PRIVACY CHOICES FORM
If you want to opt out, that is direct us not to make disclosures about your personal
information (other than disclosures permitted by law) as described in this notice, check the
box or boxes below to indicate your privacy choices. Then send this form to the address
listed below.
      Box 1 - Limit disclosure of personal information about me to unaffiliated third parties other than
              nonprofit organizations involved in community development.

        Box 2 - Limit disclosure of personal information about me to nonprofit organizations involved in
              community development that are used only for program review, auditing, research and
              oversight purposes.


Name (s):

Street Address:

City:                                                             State: HI                   Zip:
Your privacy instructions and any previous privacy instructions will remain in effect until you request a change
Phone:                                                            Email:

Island:




                                                                                                                               Page 10 of 11
                                                                                                       1259 Aala Street #201, Hon, HI 96817
                                                                                                                               As of 042710
                        Page 11 of 11
1259 Aala Street #201, Hon, HI 96817
                        As of 042710

								
To top