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PostHeaderIcon Homebuyer Education

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To help you prepare for homeownership, the Wyoming Community Development Authority and Wyoming Housing Network Inc. (WHN) have created an on-line class that makes the complex process of home purchasing more understandable and attainable.

To register for the on-line homebuyer education class, go to WHN's web-site at http://www.whninc.org/

In addition to an on-line course, WHN also provides a one-on-one counseling session that can be completed at the Wyoming Housing Network's office in Casper or over the telephone.  When added together, the on-line class and one-on-one counseling, a prospective homebuyer can learn the entire homebuying process.  Some of the specific subjects that are covered are:

  • How to examine your housing needs and prepare to make housing decisions about your own situations.
  • The advantages and disadvantages of new homes, existing homes, factory built homes and condominiums.
  • How to analyze your own financial situations and learn strategies to improve your financial management to prepare for homeownership.
  • How much you can afford to pay for a house including down payment, loan principal and interest as well as insurance and tax payments.
  • How to maximize your chances for qualifying for a loan.
  • Strategies in shopping for a home.
  • How to evaluate the location, structure and features of your home.
  • The home inspection and appraisal process.
  • Mortgage terminology and how to apply for a mortgage loan.
  • Different types of lending programs, different sources for mortgage loans, comparing the different programs and discussing options when a loan application is denied.
  • How to prepare for the real estate transaction closing process.
  • The responsibilities and opportunities of homeownership.
  • How to schedule routine home maintenance, choose home improvements and make wise use of home equity.
  • The purpose of title insurance, mortgage insurance, homeowners insurance, flood insurance, home warranties and credit/life insurance.

For more information about Homebuyer Education see the Wyoming Housing Networks website.


 

 
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