CROSSING AT 64 OUT PARCELS FOR SALE OR LEASE
Housing Counseling Services

Download Forms:
- RMECDC Affordable Houses Application (.PDF)

- Foreclosure Prevention - Borrower Financial Form (.PDF)

In 1994, RMECDC launched the Housing Counseling Center and opened its doors at Harambee Square as a joint effort with the City of Rocky Mount to assist low-to-moderate income citizens of Edgecombe and Nash counties in preparing residents for home ownership through various steps of the home-buying process.

The Housing Counseling Center mission is to help families with limited resources to build assets through increased home ownership opportunities by providing counseling and home ownership education, a family can improve their quality of life through education, self-sufficiency and ultimately strengthen the social and economic bonds of neighborhoods.

In 2005, the Housing Counseling Center expanded its housing counseling program to include foreclosure prevention counseling services.

From 2005-2012, 833 mortgages saved through assistance from RMECDC's Housing Counseling Center totaling an estimated $66.6 million in mortgages saved.

The Housing Counseling Center is a HUD approved housing counseling agency.


HOW CAN THE HOUSING COUNSELING SERVICES BENEFIT YOU DURING YOUR HOME BUYING PROCESS?


The Housing Counseling Center can assist by offering the following free services to help you get started.

  • HUD Approved Housing Counseling Agency
  • One-on-One Confidential Counseling
  • Understanding Your Credit Report
  • How to Develop a Spending Plan
  • Debt to Income Ratios
  • Home Buyers Education Classes
  • Comparing Different Mortgage Products
  • Choosing the Right Home for You
  • Understanding Real Estate Terminology
  • Closing the Real Estate Deal
  • Predatory Lending Practices
  • Referrals


WHAT IS INVOLVED IN THE HOME BUYER EDUCATION CLASS?


The Home Buyer Education class is designed to provide a step-by-step guide to the process of purchasing a home. Each module focuses on a particular aspect of stage of the process. The training series starts with an introduction to real estate concepts and builds on an understanding of the privileges and responsibilities of home ownership and a desire to work toward purchasing a home. The curriculum then progresses through the process of planning for home ownership. Topics discussed are:

  • Advantages and Disadvantages of Buying
  • Credit Analysis
  • Budgeting
  • Financial Management
  • Shopping for a Home
  • Benefits of Home Inspections
  • Fair Housing Laws
  • Role of the Realtor
  • Offer to Purchase
  • Financing and Applying for a Mortgage
  • Role of the Attorney
  • Closing Process Overview
  • Responsibilities of Home Ownership


ANSWER THE FOUR “C” OF QUALIFYING FOR A LOAN.

  • Capacity – Are you able to afford monthly payments?
  • Credit History – Do you pay your bills on time?
  • Capital – Do you have any money saved?
  • Collateral – What is the appraised value of property?


HOW DO I GET STARTED?

STEP 1:   DOWNLOAD ONLINE APPLICATION AND GATHER REQUESTED INFORMATION TO BRING TO   
               APPOINTMENT
RMECDC Affordable Houses Application (.PDF)

STEP 2:  CONTACT THE HOUSING COUNSELING CENTER TO SCHEDULE AN APPOINTMENT
               Call 252-442-8553 to set-up your initial intake appointment with the Housing Assistant.

STEP 3:   MEET WITH OUR HOUSING COUNSELOR to start your journey to homeownership.


WHAT IS INVOLVED IN THE FORECLOSURE  PREVENTION  PROGRAM?
In 2005, the Housing Counseling Center expanded its housing counseling program to include foreclosure prevention counseling services. If you are experiencing a financial hardship with making your mortgage payment, call  252-442-8553 as soon as possible to set-up an appointment to see our certified housing counselor. The Housing Counselor will direct you step-by-step in the loss mitigation process:

  • RMECDC’s Housing Counselor will conduct an evaluation to  determine the reason for the mortgage delinquency and whether the delinquency/default is short-term or long-term.
  • Housing Counselor will review closing documents to determine how the loan was structure and look for indicators of predatory lending and preventive strategies.
  • Housing Counselor will complete financial, budget, and credit analysis and develop an action plan.
  • Loss mitigation options consist of loan modifications, repayment plans, special forbearance, pre-foreclosure sale, short sale, and deed-in-lieu of foreclosure,
  • Referrals to other agencies for legal issues and bankruptcy options.

          (For more information regarding foreclosure prevention, visit www.ncforeclosurehelp.org)

                  • Must be owner-occupied
                  • Laid off due to change in economic conditions
                  • House must be classified as real property Must show ability to resume mortgage at end of
                    assistance
                  • Credit evaluated prior to job loss
                  • House must be primary residence 


HOW DO I GET STARTED?

STEP 1:  DOWNLOAD ONLINE APPLICATION AND GATHER REQUESTED INFORMATION TO BRING TO
              APPOINTMENT
Foreclosure Prevention - Borrower Financial Form (.PDF)

STEP 2:  CONTACT THE HOUSING COUNSELING CENTER TO SCHEDULE AN APPOINTMENT
               Call 252-442-8553 to set-up your initial intake appointment with the Housing Assistant.

STEP 3:   MEET WITH OUR HOUSING COUNSELOR to start your journey to save your home from   
               foreclosure.

 
 
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