- Home
- Donate Now!
- About Us
- Services
- Homeownership
- Rentals
- Rental Communities
- Azahar Place
- Camino Gonzalez
- Casas de Suenos
- Casa Garcia
- Casa Velasquez
- Central Station
- Courtyard at Harvard
- Cypress Court
- Kalorama
- Meta Street
- Montgomery Oaks
- Paseo Santa Clara and Paseo Del Rio
- Paseo De Luz
- Plaza del Sol
- Rodney Fernandez Gardens
- Santa Paulan
- Snapdragon Place Apartments
- Valle Naranjal
- Villa Cesar Chavez
- Villa Solimar
- Villa Victoria
- Vista Hermosa
- Yale Street
- Wagon Wheel Apartments
- Snapdragon
- Affordability
- Qualifications
- Success Stories
- Future Communities
- Rental Application
- Rental Communities
- Get Involved
- Sponsors & Partners
- Contact Us
- Careers
- Media
- Calendar
NeighborWorks® HomeOwnership Center
The NeighborWorks® HomeOwnership Center (HOC) was established by CEDC in 1998 to assist the greater Ventura community in purchasing and retaining homes. The HOC extended its services countywide in September 2001 when it joined the NeighborWorks® network run by Neighborhood Reinvestment Corporation, now known as NeighborWorks® America, a national intermediary serving community development corporations. The HOC is your “one-stop source” for information on homeownership. We are dedicated to increasing opportunities for first-time homebuyers through our counseling sessions and educational programs. These services provide a perfect start to explore your options for homeownership. By spending about an hour with an HOC counselor, you will get realistic and impartial answers to questions, such as: Is this the right time for me to buy a house?” “How much home can I really afford?” “Do I qualify for any special loans or down-payment assistance programs?” and “What are the next steps to prepare for home purchase?” In addition to one-on-one counseling, HOC pre-purchase homebuyer workshops will help you become more aware of the various components of homeownership. Classes are taught in English and Spanish at a variety of locations.
HOME Pre-purchase Services
Pre-purchase classes cover such topics as; budget management, saving, credit, the loan process, shopping for a
HOC Workshop
HOME Pre-purchase Counseling
CEDC provides one-on-one counselingto help clients better understand their financial history and current financial situation and prepare for homeownership. Topics typically covered at counseling sessions include a review of credit and credit counseling, money management, and budgeting. The first counseling session usually lasts one hour, with subsequent sessions of 30 minutes each. During counseling sessions, clients complete an action plan with concrete steps to help get ready for a home purchase. Counseling takes place at the CEDC office.
Credit Counseling
These individual sessions can help people manage their credit and fix prior credit problems. For people who haven’t established credit, these sessions can help you understand the importance of establishing a positive credit record. HOC counselors will guide you by providing tips to repairing or building your credit. A suggestion from the counselor may be to attend a Financial Empowerment Program class to help you better understand your finances.
Financial Empowerment Program Class
Financial literacy is the key to empowering individuals to take charge of their lives and achieve financial success. The Financial Empowerment Program is dedicated to educating consumers about wise money management on a variety of topics including budget management, savings, credit and consumer rights. Each lesson plan includes a self-assessment and worksheets to help clients tailor the course to their particular needs. The more you know about credit and banking services, the more likely you are to increase savings, buy a home, and improve your financial health and well being. The goal is for clients to have the knowledge and confidence they need in order to make informed financial decisions for themselves, their families and their communities.
Homebuyer Education Workshop
The purpose of this eight-hour course is to prepare participants for the home buying process by providing them with an overview of the mortgage process, a basic understanding of mortgage finance terms and conditions, choosing a real estate agent and lender, and foreclosure prevention. In addition, the workshop covers:
- The difference between renting and owning
- Budgeting
- Understanding your credit score and history
- Understanding title and insurance
- Understanding the appraisal and home inspection process
- Getting ready for homeownership
- Family money matters
- Shopping for a home
- Selecting a Realtor
- How to avoid problems with mortgage payments
Classes are taught the second Saturday of each month in English and Spanish at the CEDC NeighborWorks HomeOwnership Center located at 702 County Square Drive, Ventura, California. Call today at 805.659.6868
to register for the next workshop.
ONLINE courses now available! Click here to register.
Home Equity Conversion Mortgage Counseling (HECM)
Through HECM counseling, HOC staff assists seniors who are interested in using the equity in their home to meet the high cost of living in Ventura County. The HOC Counselor conducts a one-on-one session with individuals to make sure they understand the financial implications of entering into a HECM, and also covers other options for use of home equity if they decide not to enter into this type of mortgage. For more information on reverse mortgage counseling, click on this link.
Our NeighborWorks® HomeOwnership Center is located at:
- 702 County Square Drive, Ventura, CA 93003. Phone: 805.659.6868