Get Prepared for Homeownership
Success happens when preparedness meets opportunity.
Let's get prepared, together.
You deserve guidance, strategy, and expertise to get a perfect mortgage for the home you love.
Improve Your Credit
Action Credit Repair
Action Credit Repair takes pride in liberating our customers from the nightmare of bad credit. Our certified credit experts are highly trained and know exactly what it takes to help you overcome the credit problems you are facing. Trying to repair your credit or even just to understand your credit reports can be frustrating and overwhelming. The good news is that you do not have to embark upon the journey to change your credit situation alone. Action Credit Repair is here to help.
My Credit Guy
My Credit Guy is a full-service credit repair agency helping clients across the United States qualify for mortgage, auto, and other types of financing. We always begin the journey with a free review of your credit report. We’ll go over a game plan and timeline for how we can get you the help you need.
Grant Programs
Restorative Housing Justice Fund
The Restorative Housing Justice Fund (RHJF) works to undo historic and systemic racial injustice and inequality in the Capital Region’s housing community. Discriminatory housing policies, such as redlining and exclusionary zoning, and discriminatory practices by banks and realtors have denied Black family’s access to homeownership. The Touhey Foundation acknowledges the barriers Black homebuyers face in the market along with the historic and systemic causes and seeks to provide funding to black homebuyers to overcome these barriers.
SONYMA DPAL Program
SONYMA DPAL Program – In conjunction with a SONYMA loan, receive up to 3% of the purchase price of the home (up to $15,000). In the Capital Region, SONYMA income limits are generous. You may earn up to $97,000 for a 1-2 person household and up to $111,550 for a 3+ person household.
SONYMA Neighborhood Revitalization Program – If you plan to purchase a vacant home to own and occupy, SONYMA offers up to $20,000 toward renovations. Eligible homes in the Capital Region to be located in Albany, Rensselaer, Schenectady, Warren or Washington counties. Generous income limits.
The Give Us Credit Program – This program qualifies eligible first-time homebuyers by expanding the criteria used to evaluate responsible financial management, increasing eligibility to families and individuals who rely on non-traditional savings and sources of income, and by offering greater flexibility for potential borrowers who have overcome past financial hardships. Generous income limits.
Homebuyer Dream Program
One of the major obstacles on the path to homeownership is the down payment. Though many people can afford to make monthly mortgage payments, they don’t have enough money saved to pay the upfront costs. The Homebuyer Dream Program aims to help individuals overcome this obstacle.
With the Federal Home Loan Bank of New York’s Homebuyer Dream Program, participants can obtain a grant up to a $9,500 towards down payment and closing cost assistance to eligible first-time home buyers purchasing a home through one of their approved community- member lenders.
The purpose of this program is to make funds available to eligible applicants who are interested in purchasing a home but need financial help to pay the upfront costs, which include the down payment, as well as the closing costs and prepaid items required to obtain homeownership. These expenses can add up to a substantial amount, and the inability to pay it might keep people stuck in a renter’s trap.
Financial Education
Spend Smart Financial Literacy Workshop
The TRIP & RCHR NeighborWorks Homeownership Center has a variety of workshops to help you gain financial management skills. This workshop, is held in two sessions and focuses on improving your financial skills in the following areas: Financial goal setting, savings, budgeting, debt management, credit, along with much more. This workshop has a $25 fee.
You Inc wealth education services
YOU INC gives students the tools to manage their personal finances before leaving college, which gives them a significant edge over peers who don’t have a solid framework for managing their money.
Homebot
Homebot
1. Know when and where to buy
What if you could find your dream home at a better price in a nearby neighborhood? Explore zip codes by popular market, cheaper buys, & more.
2. Understand your buying power
Getting prequalified is a must in today’s market. Selling too? Add your home to see its value, and how much cash you could put towards your next home.
3. Be ready to make your move
Don’t miss out on your dream home because you’re unprepared. Be a competitive buyer by getting prequalified and double checking the market trends.
