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Free workshop aims to prepare potential homebuyers

Buying a home is a major investment. A homebuyer education program coming to Perham offers the opportunity for potential homebuyers to get informed before they buy.

“Home Stretch” is a class offered by a network of trained homebuyer educators throughout the state. 

This free class will be offered on Wednesday and Thursday, Nov. 20-21, from 5-9:30 p.m. at the Perham Area Public Library.

The class will include dinner both evenings and opportunities for free follow-up housing counseling, as well as a free copy of each participant’s “soft pull” credit report.

The class agenda will focus on steps to homeownership, budgeting, importance of good credit, calculating affordability, the closing process and more.

Games, videos and additional special guest presenters from the region, including a spending plan specialist, credit and personal financial educator, loan officers, and real estate agent, will be a part of the presentation.

Participants will hear about the Perham Housing Authority’s Employer Assistance Program, which helps provide down-payment assistance to qualified homebuyers who work in Perham and will be living within the city limits. Two of Perham’s employers, along with Greater Minnesota Housing Fund, have partnered with the Housing and Redevelopment Authority to provide these funds in the form of a zero-interest, 30-year deferred loan, along with a grant for home-buyers with children.

“Depending on where you work, your household size and income, you may qualify for up to $15,500 in employer assistance funds,” said Mary Holzer, assistant director of the Perham HRA.

Participants will receive a Home Stretch manual that outlines the homebuying process step-by-step, and also provides helpful post-purchase information on home maintenance and foreclosure prevention.

“The Home Stretch workshop helps buyers understand how to find the best house, best price and best loan program for them,” said Homebuyer Educator Rosy Hjermstad.

To preregister, call Midwest Minnesota Community Development Corporation at 1-800-752-6579.