Sign up for our Email Newsletter
Closing Assistance Loans for First-Time Homebuyers

Eight-hour Homebuyer Education Course

Neighborhood Housing Services of South Buffalo now offers an eight hour Homebuyer Education course for those residents who need a class to satisfy their mortgage lender.

The cost of the class is $60 per person or $75 per couple, which is payable at the beginning of the class. Pre-registration is required.

All classes will be hosted at 1937 South Park Avenue in South Buffalo. Please call 716.823.3630 to register today!

--------

Closing Assistance Loans for First-Time Homebuyers

NHS of South Buffalo now offers Closing Assistance Loans for first-time homebuyers in the South District. The South Distract is defined as south of the Buffalo River, situated within the municipal boundaries.

Loans will be secured as a soft second mortgage with an interest rate of one percent.

You must:

Remain in the home until the assistance loan is repaid (60 months). If you move out of the home, you must pay the loan in full.

Invest at least two percent or $500 of your own funds (whichever is higher) for down payment.

Obtain an independent home inspection at buyer's expense.

Qualify for a mortgage loan with an approved financial institution (NO owner-held mortgages).

Take the agency's eight-hour Homebuyer Education course (see above for dates offered).

Please call our Housing and Loan Specialist, Pamela Tait-Kwiatkowski at 716. 823.3630 x109 for more information about the application process.

 

Call Now