Slate Belt Rising is proud to partner with Community Action Financial Services, another program at Community Action Committee of the Lehigh Valley. The mission of Community Action Financial Services is to provide low-moderate income families with a continuum of coordinated services in one location in order to better meet their housing and consumer credit needs and to build individual and community wealth. Some of the programs that are offered through CAFS are listed below. For additional information visit http://cafs.caclv.org.
Home Ownership Counseling – To expand home ownership opportunities, particularly for minorities and persons with lower to moderate incomes.
- To educate prospective first time home buyers to enable them to make an informed decision regarding home ownership.
- To assist those who proceed through the process of purchasing a home and provide the resources to promote successful home ownership.
- To inform the related industries about the needs of the community
Home Buyer Education: The Home Ownership Counseling Program will prepare you to become a homeowner. The HOCP seminar is organized into six sessions which are conducted on two consecutive Saturdays. During these six sessions you will learn about:
- Preparing for Home Ownership
- The Importance of Good Credit
- Shopping for a Home
- Obtaining a Mortgage
- The Closing Process
- What to Expect as a Home Owner
Upon completion of all six sessions, you will receive a certificate of achievement. The certificate should be presented to the loan officer at the time of completing the mortgage application. This will demonstrate that you are serious and informed about home ownership.
Individual Counseling: Individual counseling is also available to you during and after the home-buying process.
Staff can assist you with:
- Reviewing your credit report
- Document preparation prior to applying for a loan
- Determining your affordability
- Selecting the best mortgage for you
Mortgage Foreclosure Diversion Program: Housing Counselors provide assistance to homeowners at risk of losing their home to sheriff’s sale – a foreclosure diversion program in the civil division of the Court of Common Pleas in Lehigh and Northampton Counties. Housing counselors meet with homeowners to prepare them for a Mortgage Foreclosure Settlement Conference held in civil court. The Housing Counselor reviews loan documents and assists the homeowner explore options available which include bringing mortgage current, paying off mortgage, proposing a repayment plan, request a loan modification, etc. A proposal is developed to address the mortgage delinquency and is presented to the lender’s attorney prior to the conciliation. This conference is attended by the lender, lender’s attorney, a pro bono attorney representing the homeowner (Northampton County only), the homeowner, and the housing counselor..