What is the cost of your program?
There is no cost to be enrolled in the HomeOwnership Program. During your first counseling session you will have a tri-merge credit report pulled. This will allow us to identify if credit repair is needed as part of the program. The cost for the credit report is $20.70 for an individual and $36.15 for a joint report.
NOTE: If you have had your credit report pulled in the 60 days prior to the counseling session you can bring in that copy for review.
Is the HomeOwnership Program only for low income families?
No. The HomeOwnership Program can help any individual or family wishing to pursue home ownership. There are no income limits.
Do you sell houses?
The FMHA does have a lease to own program when housing is available. There is no housing available at this time, nor are there any plans to build housing in the near future.
Our HomeOwnership Program is designed to help you become eligible to purchase a house. What loan products you use and what house you purchase will be completely up to you.
Why is savings important?
Our HomeOwnership Program is designed to create educated and financially fit home buyers. Savings is essential to be a successful home owner.
Emergencies happen even in the best of circumstances and having a safety net is essential. We require individuals and families who enroll in our program to create a monthly spending plan. The spending plan has to show an ability to pay all expenses, including a mortgage, and still have money left over for savings.
Having the ability to save on a regular basis will ensure families and individuals are better prepared for emergencies and less likely to default on their mortgage.
How do I sign up?
Where are the Counseling and Educational Classes held?
Most of the Counseling and Education Classes are held at the FMHA office in Fairmont. The street address is 103 12th Street Fairmont, WV 26501.
Sometimes the classes are held in Morgantown at the Sunnyside Up offices at the Seneca Center. The street address is 709 Beechurst Avenue, Suite 30 Morgantown, WV 26505.
For more details see our Directions page.