Roadmap to Homeownership- August + Sep 1st

Homeownership is still possible! Attend all 4 sessions in August and learn step by step what it will take to purchase your home.
About this Event

Roadmap to Homeownership Workshops- August

Attend ALL 4 sessions. August 4, 11, 18(Canceled due to weather), 25, September 1st

Collective Empowerment Group (CEG) along with their incredible partners are offering in-person Homeownership workshops for you. Despite the current climate that we're in, generational wealth creation is still possible for you. We have the most knowledgeable professionals to help walk you through what it would take for you to purchase your home. Our experts will guide you through the process step by step, from budgeting to closing. Don't miss this opportunity to take the first step towards owning your dream home! . There will be a different topic each session.

Attendees must attend all four sessions to be eligible for a down payment assistance opportunity on the purchase of your home from CEG.

The first day is August 4th but you need to attend all 4 sessions.

Thank you to our incredible partners for helping make this happen!

First Financial Bank

Greater Cincinnati Foundation

Greater Cincinnati Realtist Association

Union and Guardian Savings Bank

Homeownership Center of Greater Cincinnati

Parking Information:

Only park in the REAR and use the back doors to enter the building.

Highlights

Last year we had a total of 87 families participate in our cohort in our sessions. Several have moved on to purchase their 1st home and you can too!

Session Topics

Session 1: 6:00 pm-8:00 pm What Homeownership means for you. Organize your finances.

6:00 pm-6:30 pm Homeownership 101: (Chuck Futel)

Description: Empowerment Session providing the audience with statistics, discussion on generational wealth and what that means.

6:30 pm- 7:00 pm Budgeting Resources and Products (Shenda Larry)

Description: Share budgeting resources and products of First Financial Bank

7:00 pm-8:00 pm Budgeting, saving/assets discipline with credit education (Lem Davis)

Description: Financial Organization

A successful purchase demands comprehensive financial planning and methodical preparation. This phase transforms your initial research into actionable steps, setting the stage for a smooth purchasing process. Beyond basic financial planning, you'll need to consider both immediate costs and long-term financial implications.

Essential Steps:

• Develop a Savings Strategy
• Compile Necessary Documentation
• Create a Realistic Budget
• Account for Moving Costs
• Establish Emergency Reserves

Session 2: 6:00 pm-7:30 pm: Home Loan Application: What are Lenders looking for to approve my loan? (Portia Davis)

• Income
• Debt-to-income ratio
• Credit score
• Assets
• Employment history
• Property type
• Recent applications
• Payment history
• Credit utilization ratio

Session 3: 6:00 pm-7:30 pm: Expenses: (Portia Davis)

· How much will I need for a down payment

· Expenses/ Closing: Escrow

· Earnest Money

· Downpayment assistance

· Mortgage Commitment

Session 4

6:00 pm-6:30 pm Inspections and Appraisals

• Property Inspection
• Professional Appraisal
• Title Examination

6:30 pm- 6:45 pm What is a Realtor- How to pick the right one

• Why would I need a Realtor
• How to Pick the Right Realtor for you
• Final Preparations

6:45 pm- 7:15 pm Homeownership Center- Lisa Recchia

7:15 pm-7:30 pm Graduation: All Partners