Program Overview

Program Focus

• Homebuyer Seminars
• Homebuyer Counseling Loan Pre-Qualification and Approval
• Homebuyer Purchase Process

Program Overview

The WOW Programs objective is to provide homebuyer assistance to over six hundred households of color over the following twenty four months. The program will deliver homebuyer education and counseling and help direct participants to beneficial homebuyer opportunities and resources available to them in the 9th Congressional District.

Partners, resource, and service participants involved with the WOW Program include Fannie Mae, California Housing Finance Agency, local real estate lenders and financial institutions, for profit and not profit real estate developers, and non-profit credit and homebuyer education and counseling organizations.

Participants in the WOW program will have access to homebuyer education, counseling, and financial self sufficiency curriculums. In addition, qualified buyers may be able to participate in obtaining close to $100,000 down payment assistance subsidies in some geographic areas and access to purchase below market rate units that would be selling up to 40% below market values.

The WOW Program is administered through the Bay Area HomeBuyer Agency (BAHBA) and its administrative arm, First Home, Inc. (FHI).

Program Focus

The WOW Program focuses on three primary objectives in helping you become a homeowner:

1) Provide the greatest level of education and counseling possible to help you move into home ownership. This is accomplished through our comprehensive homebuyer education and counseling services and resources.

2) Coordinate and deliver all the valuable resources and benefits that are available to you in order to maximize on your home purchase capacity while minimizing on your home ownership costs. This is accomplished through our extensive involvement and representation of homebuyer resources, such as down payment assistance programs and access to acquire affordable below market rate units

3) Synchronize, facilitate and implement all the steps for you to become a home owner. BAHBA and FHI have the capacity to directly assist you with all of your home purchase needs, including financing and sales representation. We also support and coach you through our education and counseling process when you are being assisted by non BABHA or FHI affiliated representatives.

Getting Started

HOMEBUYER SEMINARS

One of the first steps you should take is to learn as much as you can about the home purchase process and homebuying opportunities. To accomplish this you should attend that next upcoming homebuyer seminar offered through BAHBA and FHI. Make a reservation for our next upcoming homebuyer seminar at BAHBA´s and FHI´s general website located at www.myhomegateway.com.

HOMEBUYER COUNSELING AND LOAN PRE-QUALIFICATION AND APPROVAL

If you have already attended a homebuyer seminar, your next step should be homebuyer counseling. Homebuyer counseling allows you to further understand the opportunities and challenges you have to become a homeowner. Counseling offered through the WOW program introduces you to the multitude of beneficial homebuyer resources and services that you may have access to. Most importantly, homebuyer counseling also provides us the platform to start your first loan and subsidy program (when applicable) pre-approval process. Start your homebuyer counseling, first loan, and subsidy program preapproval process by filling out a Program counseling worksheet. Make certain to follow all the instructions on your worksheet application.

HOME PURCHASE PROCESS

BAHBA and FHI can assist you with all aspects of the home purchase and financing process. If you wish to learn more about our home purchase representation and services that we offer, please contact us directly at (888) 872-1222 x 110.