Chester Community Improvement Project - Pre-purchase Mortgage Counseling
Chester Community Improvement Project - Delaware; Chester
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2-1-1 SEPA - 2-1-1 SEPA
Description of Service
The CCIP provides pre-purchase mortgage counseling to first time low to moderate-income individuals interested in purchasing a property in the City of Chester and Delaware County. CCIP's counseling programs prepare applicants to secure appropriate mortgage financing and assume the responsibilities associated with home ownership.
CCIP applicants attend group counseling sessions provided with valuable education regarding budgeting, savings, credit, mortgage financing, fair housing practices, mortgage products, selecting a realtor, avoiding default, home inspections, home maintenance, and settlement.
CCIP applicants also meet with certified mortgage counselors for a "one-on-one." This meeting allows the mortgage counselor to provide specialized attention to each applicant in a private setting. During individual counseling sessions, counselors review the applicants credit report, work history, and income stability. Together, counselor and applicant review initial maximum sales price, estimate down payment and closing costs, establish savings goals, develop a budget, and discuss available lending programs. CCIP will assist the applicant in selecting an appropriate mortgage product and guide the client to settlement.
Counties: Delaware; States: PA; Countries: USA
For additional information, please call 610-876-8663 or email to