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Ho" <br />770 A Street <br />A*EeHo Hap,ard CA 9=1541 <br />510-581-9380 <br />Eden Council for Hope and Opportunity www.echofairhousing.org <br />*ECHO Housing suggests limiting the size of the class to 40 individuals in order that the <br />Facilitator and other instructors are able to respond to all questions and control the <br />direction of the topics. <br />Homebuyer Education - Each class provides aspiring homebuyers with credit counseling <br />information, homeownership incentives, home buying opportunities. housing inspection <br />information, predatory lending; and presentations by realtors, lenders, and fair housing <br />specialists. After completion of the series, each potential homeowner is given a Certificate of <br />Completion. The following is included in the class curriculum: <br />Purpose of Homebuyer Education <br />o Educate fust time homebuyers <br />o Minimize fear of the unknown <br />o Required for some government programs (example: FHA programs) <br />First-time Homebuyer Requirements <br />o Previous Ownership <br />Budgeting <br />What is a budget? <br />Why should I have a budget? <br />How to create a budget <br />O Short-term goals <br />o Long-term goals <br />o Prioritize <br />Fair housing laws (Speaker: Fair Housing Coordinator) <br />Federal & State Laws applied towards: <br />o Looking for a home <br />o Accessibility <br />o Shopping for a loan <br />o Credit Checks <br />o Appraisal <br />o Insurance <br />Shopping for your home (Speaker: Real Estate Professional) <br />Determining wants versus needs <br />o Size, type and function <br />o Accessibility <br />o Location <br />o Price <br />o Future marketability <br />Realtor <br />o Why should I have a realtor? <br />o How can a realtor help me? <br />Title Company <br />Toll free 355 -ASK -ECHO Fax 510-537-4?93 <br />Consulting Services Agreement between City of San Leandro and Last revised July 1, 2018 <br />BAAHA for Homebuyer Program—Exhibit E Page 2 of 3 <br />