NOIRBCC HOMEBUYER EDUCATION PROGRAM
"Moving From Redlining and Renting To Homeownership"

 

IF YOUR CREDIT SCORE IS ABOVE 640 GET PRE-APPROVED TODAY!

HOME LENDERS LISTED NEAR BOTTOM OF PAGE

PROGRAM OUTLINE AND ENROLLMENT 

READ BELOW

 

WHO

NOIR BLACK CHAMBER OF COMMERCE INC., is a 501(C)(3) Nonprofit

andEconomic Development Organization; Certified Community Development

Entity under The U.S. Department of Treasury; and Kentucky’s only Black

Chamber of Commerce.

 

COLLABORATORS:

  • eHOME America

  • Transformational Financial 

  • Louisville Metro Government Downpayment Assistance Program

  • Noir Realty Ky LLC

  • Stefni Powell Insurance

  • Chase Bank

  • JustChoice Lending – A division of Fahe

  • Stock Yards Bank

 

WHAT

Homebuyer education program for Section 8 Families, First-time Homebuyers, and Traditional Homebuyers

 

WHY

Redlining and Generational Poverty!

Although informal discrimination and segregation had existed in the United States, the specific practice of "redlining" began with the National Housing Act of 1934, which established the Federal Housing Administration (FHA), even though racial segregation and discrimination against minorities and minorities communities predated this policy. The implementation of this federal policy aggravated the decay of minority inner-city neighborhoods caused by the withholding of mortgage capital and made it even more difficult for neighborhoods to attract and retain families able to purchase homes. The assumptions in redlining resulted in a significant increase in residential racial segregation and urban decay in the United States and it removes the chance for Black Americans to gain wealth through homeownership.

 

Today, Louisville Kentucky is in need of over 31,000 housing units to meet the city’s housing demand and there are over 13,000 low-income families on the Section 8 housing voucher program’s three-year-long waiting list. Noir Black Chamber Of Commerce Inc is focused on affordable housing, and so the chamber wants to move more Black Section 8 families and first-time homebuyers through its online homebuyer education program, which will provide participants with a completion certificate supported by Fannie Mae and Freddie Mac that will allow them to seek additional down payment assistance.

 

The Chamber’s homebuyer education program is unique in that it “walks with” each client through the entire process towards homeownership. The program begins with identifying which type of homebuyer the client is, followed by connecting them to a credit restoration and repair organization, eHome America online course, a bank, the city’s down payment assistance program, a realtor, insurance broker, then a financial planner to assist the family plan for its future.

PROGRAM PLANS

GOOD CREDIT IS KEY TO OBTAINING A HOME MORTGAGE LOAN, SO WE HAVE CREATED TWO DIFFERENT PROGRAM

PLANS TO ENSURE YOUR CREDIT IS WHERE IT NEEDS TO SECURE A HOME MORTGAGE LOAN. 

640+ CREDIT SCORE STANDARD BANK REQUIREMENT

The higher your score, the more likely it is you'll be approved for a mortgage and the better your interest rate will be.

                                STEP 1                                                          STEP 2

 

 

 

 

 

 

 

PROGRAM INCLUDES

11 STEPS TOWARDS HOMEOWNERSHIP

A NOIR REPRESENTATIVE WILL WALK WITH YOU THROUGHOUT THE ENTIRE PROCESS

STEP 1

WHAT TYPES OF HOMEBUYER ARE YOU?

SECTION 8 RECIPIENT?

FIRST-TIME HOMEBUYER?

TRADITIONAL HOMEBUYER?

STEP 2

HOMEBUYER CONNECTED TO CREDIT RESTORATION PROGRAM

STEP 3

HOMEBUYER TAKES ONLINE HOMEBUYER EDUCATION COURSE

STEP 4

HOMEBUYER SHOWS $1,500.00 - $2,000 SAVING IN CHECKING OR SAVING ACCOUNT

STEP 5

HOMEBUYER CONNECTED TO MORTGAGE LENDING BANK 

STEP 6

HOMEBUYER APPLIES TO CITY’S DOWN PAYMENT ASSISTANCE PROGRAMS

IF APPLICABLE IN YOUR CITY

STEP 7

HOMEBUYER CONNECTED TO REALTOR

STEP 8

HOMEBUYER CONNECTED TO HOME INSURANCE BROKER

STEP 9

HOMEBUYER & REALTOR SET CLOSING DATE

STEP 10

HOMEBUYER OWNS NEW HOME!

STEP 11

HOMEBUYER CONNECTED TO FINANCIAL PLANNING PROGRAM

"WE WALK WITH YOU THROUGHOUT THE ENTIRE PROCESS"

IF YOUR CREDIT SCORE IS ALREADY ABOVE 640+

BYPASS PROGRAM STEP 2

SELECT YOUR PREFERRED FINANCIAL HOME LENDER FROM BELOW

TO BEGIN YOUR PRE-APPROVAL LOAN APPLICATION

 

WORLD-WIDE HOME LENDING ENTITY

Whitney King | Community Home Lending Advisor | NMLS ID 2094676 | Home Lending | Chase | 416 W. Jefferson St., Louisville, KY 40202 

Phone: 502-554-9486 | Whitney.king@chase.com

If you are not 100% satisfied with my service or your experience with Chase at any time, please let me or my manager know right away.

Our contact information is below. Thank you for choosing Chase. 

Felton R. Ellington | Community Lending Manager| NMLS ID 21268 | Home Lending | Chase | 10 S Dearborn St Chicago, IL, 60603-2300

Mobile: 248-943-5510 | Fax : 866-250-5894 | felton.ellington@chase.com

$100K OR BELOW HOME MORTGAGE LENDING ENTITY

Kodi Mullins | Mortgage Loan Originator | NMLS# 52473 | JustChoice Lending – A division of Fahe | Fahe | (P) 859.756.6260 | kmullins@fahe.org

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YOU'RE NOW ONE STEP CLOSER! COMPLETE STEP 2!

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 BLACK CHAMBER OF COMMERCE INC.

MOVING BLACK AMERICA FORWARD THROUGH EIGHT PILLARS

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NOIR BLACK CHAMBER OF COMMERCE INC. 2900 W BROADWAY SUITE 221 LOUISVILLE KENTUCKY 40211 | 1-844-NOIRBCC | INFO@NOIRBCC.ORG

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