Orientation Schedules   |   Steps to Homeownership   |   FAQs

Steps to Homeownership

DID YOU KNOW THAT…

  • There are 27,000 renters on O‘ahu alone who could qualify for mortgages and another 13,000 who could qualify if they reduce their debt.

  • Homeowners’ children are more likely to become homeowners themselves and are more likely to go to college.

  • Homeownership strengthens families and communities - homeowners are more likely to vote and to volunteer in their community.

  • Homeownership creates a source of revenue and new jobs for Hawai`i’s businesses.

STEPS:

1. First Contact Call 523-9500 (Oahu) or 877-523-9503 (toll-free) to sign up for one of our Orientation Sessions. An online orientation is available on this website.

2. Orientation Session Learn more about the Center and what it does so you can decide if our agency is right for you. Complete an Intake Form, submit your required documents, and pay an installment of your membership fee to proceed with services.

3. Counselor's
Assessment
A counselor will review your income, credit report, and assets to determine how close you are to being “Mortgage Ready.”

4. Initial
Counseling
Session
Your first meeting with a counselor to review the assessment findings and begin developing an action plan to help you reach your goal.

5. Home Buyer's
Education
9-hours of classes taught by a nationally accredited Homebuyer Education Instructor. Part I covers financial fitness (budgeting, saving, and understanding credit) and Part II discusses mortgages and the home buying process.

6. Subsequent
Counseling
Sessions
Addresses individual obstacles to homeownership in a one-on-one setting. Your counselor will also refer you to assistance programs if you are eligible.

7. Mortgage Ready Obstacles to homeownership have been overcome and you know how much you can afford to pay a month for a mortgage. It's time to start looking for a buyer's agent.

8. Prequalification Strengthens your bargaining position when making offers.

9. House Hunting Work with your buyer's agent to find the right house and make an offer to purchase that home.

10. Mortgage
Application
Complete a mortgage application with the lender of your choice. Counselors are available to help you understand your options and the overall process.

11. Close of Escrow Documents are signed, funds are disbursed, and you are given the keys to your home. Congratulations!

12. Post-Purchase
Services
Educational offerings are offered to ensure your success as a homeowner. Counseling is also available as needed.


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