Services & Programs

HAC provides counseling for households looking to purchase their first home, including an overview of what to expect in the homebuying process.  Generally, first time homebuyer counseling educates consumers about how lenders calculate the amount of a mortgage a consumer will be offered and whether a customer is a good credit risk.  Information about the homebuying process, including the roles of an engineer, attorney, and realtor are covered.  Customers get help in analyzing their credit history and what to do to improve it.  Consumers are encouraged to come in for counseling for many months or in some cases years before applying for a mortgage.

Housing Action Council is a participating member of the New York Mortgage Coalition, an effort by banks and a number of community organizations throughout the metropolitan area who are committed to increasing homeownership opportunities for moderate income individuals and families by counseling and helping them qualify for mortgage loans.

Participating Banks include Astoria Federal Savings, Bank of America, Capital One, Citibank, HSBC Bank USA, JP Morgan Chase, M & T Bank and Webster Bank; Affiliate Members include BNY Mellon, Goldman Sachs, Morgan Stanley Private Bank and State of New York Mortgage Agency (SONYMA) offers a variety of affordable mortgage products. HAC Homeownership Counselors take an initial application and discuss all the steps toward homeownership with the potential homeowner, including obtaining a mortgage, down payment amounts, closing costs and other fees.  HAC also researches banks for the lender with the most favorable product for the client and assists the client through the application process, advocating for the client through processing and underwriting with the lender.  Our Homeownership Counselors act as liaisons between lenders and future homeowners; thus, easing confusion and stress during this process.  In addition, HAC counselors provide budget and credit counseling and guidance through the home buying process.

HAC’s homebuyer counseling program directly operates and refers clients to sources of down payment and closing cost assistance.  Sources of down payment assistance may include the First Home Club described below in which there is a 3:1 match of the customer’s savings of up to $7,500.

First Home Club Schedule of Workshops
Upcoming Workshops
Home Buying Tips
Rebuilding a Credit Report