What is the First Time Home Buyer Program offered by Chautauqua Home Improvement & Rehab Corp (CHRIC)?

CHRIC’s First Time Home Buyer Program is designed to assist, educate and guide individuals and families in purchasing a home for the first time. We provide resources, education, and financial assistance to help prospective homebuyers navigate the process successfully.

Who is eligible for the program?

CHRIC’S First Time Homebuyer Program is open to the Public regardless of income or residence. Eligibility criteria typically include individuals or families who have not owned a home in the past three years, if you are a single that owned a home with a former partner but are now planning to buy a home yourself or, if your prior home was a mobile home that was not permanently attached to a foundation. Certain income limits may apply. Participants may need to complete homebuyer education courses.

What types of assistance are available through CHRIC’s program?

CHRIC offers various forms of assistance, including down payment assistance, closing cost assistance, and access to low-interest loans. Additionally, we provide counseling services to help individuals understand the home buying process and make informed decisions.  CHRIC’s First Time Program offers education and counseling services to individuals interested in purchasing a home and becoming successful homeowners. Income eligible participants may qualify for down payment and closing cost assistance. Financial assistance is available on a first come, first served basis to mortgage ready first-time homebuyers.

How do I apply for the program?

To apply for CHRIC’s First Time Home Buyer Program, individuals can contact our office at 716-753-4650 or call our HUD-certified counselor, Oscar Santos, directly at 716-753-4342 or by email at oscar_santos@chric.org.

For financial assistance for down payment and closing costs, applicants will need to complete an application form and provide documentation to verify income, employment, and other relevant information.

What is the process for obtaining down payment assistance?

Applicants interested in down payment assistance will need to meet certain eligibility criteria and complete the required paperwork. CHRIC will review the application and determine the amount of assistance available based on the applicant’s financial situation and program guidelines.  Applicants must complete the First Time Homebuyer Course and Counseling Services.

Are there any educational requirements for participants?

Yes, CHRIC requires participants to complete a homebuyer education course to qualify for assistance. These courses cover topics such as budgeting, credit management, mortgage financing, fair housing, and the responsibilities of homeownership.

Can CHRIC assist with finding a home?

While CHRIC does not directly assist with finding a home, we can provide resources and guidance to help participants search for suitable properties. We can also connect participants with local real estate agents and housing counselors who can offer further assistance.

How long does the process take from application to closing?

The timeline can vary depending on individual circumstances and market conditions. Generally, the process may take several weeks to several months, from the initial application to closing on a home. CHRIC works diligently to expedite the process while ensuring that participants receive thorough guidance, education and support.

What happens after I purchase a home with assistance from CHRIC?

After purchasing a home with assistance from CHRIC, participants are encouraged to continue working with our counselors to ensure a successful homeownership experience. We offer post-purchase counseling and support to address any questions or concerns that may arise. 

Income eligible homeowners are referred to CHRIC’s home repairs program and additional resources available throughout the community. 

How can I contact CHRIC for more information or assistance?

For more information about CHRIC’s First Time Home Buyer Program or to seek assistance, individuals can contact our office at 716-753-4650 or reach out to our HUD Certified Counselor, Oscar Santos, directly at 716-753-4342 or by email at oscar_santos@chric.org. Our team of certified HUD housing counselors is here to help you achieve your homeownership goals.