Neighborhood Development Alliance Homebuyer Education
Geographic Service Area:
Twin Cities Metro Area
Program Details:
Classes are offered in English and in Spanish
HUD certified home ownership counseling provider
Before you buy your first home, NeDA Home Ownership Advisors can work with you to determine your financial readiness. We work with you to create a budget, review credit history and determine affordability.
NeDA's Home Stretch Workshop
If you are a first time homebuyer or it has been more than three years since you owned a home, please register for a Home Stretch workshop. DON’T get trapped with the wrong mortgage product, understand the documents you are signing, be prepared with the right questions when you are ready to meet with a lender or Realtor. The Home Stretch workshops will help you understand the in and outs of buying a home.
We will help guide you through the process of understanding topics such as: how to qualify for mortgages, budgeting, where to find down-payment assistance funds, working with a realtor, home inspections, home maintenance, and foreclosure prevention.
We invite professionals from the housing industry to assist us with the workshops. This is a great opportunity to ask questions directly to: lenders, Realtors, and home inspectors. NeDA’s housing staff is available throughout the sessions to answer any questions you may have or to schedule a one-on-one counseling session.
The homebuyer education workshop series are 9 hours and the customer must complete the series in order to receive a completion certificate. Completion certificates are usually required by lenders who offer down payment and or closing cost assistance to first time home buyers. Each household receives a workshop manual.
There is a $35.00 fee for the workshop. We believe this is a small and wise investment which will prepare and inform you for long-term home ownership.
For more information
To register for a workshop or for more information, contact the Neighborhood Development Alliance (NeDA) at 651-292-0131.
Homebuyer Stories
The Perfect House at the Perfect Price
Vicky Richardson has three kids and staffs the front desk at Sabathani Community Center in Minneapolis. She’s spent most of her life in the city, but for just over a year had rented a home in Edina through the housing program of Third Way Network, until she found out her unit would no longer be available. Third Way connected her with some resources for finding a new place, and the City of Lakes Community Land Trust (CLCLT) was one of them.
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