faq
Homebuyer Education:
How do I sign up for Homebuyer Education?
For sign up instructions and to see class dates, click here to visit our Education Classes page.
How do I know if I am registered for the Homebuyer Education class?
You can always reach out to our office at 406-761-5861 if you have questions.
Can I take the Homebuyer Education class online?
- It is highly recommended that if you live in Great Falls you take HBE in-person as you will gain information from the local experts in the field. If you are unable to attend any in-person class, contact our office for further information.
- If your lender states you are able to take it online, or you live outside of Great Falls, reach out to our office for instructions.
What is the Cost of the Homebuyer Education class?
In-person classes are $50 per household, $100 if taken online.
What if I can only attend one of the two Homebuyer Education live sessions?
To receive your HBE certificate, you and your guest/co-applicant must attend both live sessions.
I RSVP’d and paid for the class, but now I cannot attend. Can I attend at a different date?
Yes – just reach out and it can be transferred to a different class.
How long does the Homebuyer Education certificate last?
3 years
What does my payment cover?
Two live sessions taught by local experts in their specific occupation related to homeownership. This includes lenders, realtors, insurance professionals, home inspectors, and financial/title professionals. It also covers your homeownership book and dinner for both nights.
I completed the Homebuyer Education class. What do I do next?
Ensure you have provided all documentation required for your NeighborWorks account and schedule your one-on-one appointment with a housing counselor.
Can I schedule my one-on-one counseling appointment prior to taking the Homebuyer Education class?
Yes – However, you will not receive your certificate until you have completed both live class sessions, or taken the online course.
Lending:
Do all loans through NeighborWorks have the same requirements?
NeighborWorks’ loan products are designed to support a wide range of homebuyers, with income limits from 80% Area Median Income up to 140%. Contact the office with any questions about specific loan requirements.
What’s the difference between a loan with NeighborWorks Great Falls and a loan through my bank?
NeighborWorks’ loans are designed to provide down payment assistance or help with closing costs alongside your first mortgage. Some of our specialized products are tailored to assist borrowers who may not otherwise qualify with a traditional bank.
What is HomeStretch?
HomeStretch is a downpayment assistance loan that covers up to 30% of the cost of a home. This program is a partnership between the State and privately sourced funds to support homeownership. To learn more and to see if you qualify, visit http://homestretchmt.org