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Metro North CDC staff meets with prospective first time home buyers to plan how to become a new home owner. This is an exciting time for the home buyer working with us to define their dream home. The first steps is to assess the home buyer’s credit information. If necessary our staff are certified credit counselors and will assist with the process of repairing credit for the home buyer if necessary. We work with the home buyer and mortgage lenders to assess the amount of home the buyer can afford. Once the home owner is pre-approved by the mortgage lender, we work on either new construction plans with the home buyer or develop a plan to find an existing home that we can acquire and rehab as desired by the home buyer.
First time home buyers that qualify for a newly constructed home began the journey of locating the desired location, working with our staff in choosing such details as colors, textures, and patterns for flooring, interior and exterior color scheme, roof colors, lighting fixtures, etc. Although, we do not build custom homes we do have the ability to allow the home owner to customize the home as much as possible allowing for selections of colors, textures, patterns to fit their dreams.
Sometimes our home buyer qualify for a mortgage but with a lower amount of purchase power. In this instance the home owner cannot qualify for new home construction but can qualify for an existing home renovation. We seek existing homes in the area the home owner desires that we can purchase and renovate for the home buyer. Once purchased, a complete makeover of the home is completed with but not limited to, new roof, AC, Plumbing, interior & exterior finishes, windows, door, etc. The home owner has a new home for all practical purposes.
