Welcome to our Frequently Asked Questions FAQ. These are the most common questions asked by clients and members of our Home Sweet Home Referral Exchange Network.
What is Home Sweet Home and what does it do?
Home Sweet Home ("HSH") is dedicated to helping families become homeowners via the Home Ownership Program. This program is unique because it offers a "complete package". Specifically, our organization helps families find a house to call home. We assist, educate, and guide buyers to become "loan-ready".
In general, HSH specializes in overcoming any obstacles or issues blocking them from approval. Certainly, we are not a credit repair or debt settlement organization. Instead, we advise and educate our clients in addressing issues such as:
- credit problems
- lack of down payment
- tax liens
- legal issues
- any other concerns preventing approval.
On whole, we provide housing assistance with renting, rent-to-own and lease options. In the final analysis, the end goal is to obtain a mortgage to purchase the property. Finally, if you are in a rush to get housing then enroll now!
What is the Home Ownership Program?
The Home Ownership Program is a client "game plan" to obtain housing. Clients receive guidance, education, and assistance. In particular, very specific and meticulous analysis is required. Obtaining a house requires a comprehensive review of credit reports. Assessment of past "life events" is also a major consideration. Furthermore, the Home Ownership Program involves attorney assistance to resolve legal issues. Finally, issues concerning ID theft, lack of down payment and low income is also powerfully addressed. Any other issues may also be addressed as necessary.
How can I make a free inquiry into the Home Ownership Program or find out about housing in my area?
Yes, you can by visiting our home page and filling out a free inquiry form.
How can I be sure the Home Ownership Program is the best program on the market?
The Home Ownership Program is NOT a credit repair program. It's much better and more comprehensive. In fact, it a "game plan" of financial guidance, advice, and education to help people own a home.
The Home Ownership Program was developed and designed to be home loan "friendly" and powerfully effective. Indeed, the program was developed by Home Sweet Home management who have both a mortgage lending and real estate brokerage background. The combined experience of these professionals is 40+ years of service in these areas. This stands in stark contrast to those credit repair companies who have no such experience in either lending or real estate.
How quickly can I get into a home? Is there a minimum credit score to qualify?
It depends on several factors and conditions. Here is a list of the case-by-case variables which will need to be considered for ALL buyers/renters:
(1) The overall look of the credit reports
(2) Credit Scores of the 3 major credit reporting agencies
(3) Eviction history
(4) Criminal history
(6) Work history
(7) Housing availability and affordability
(8) Bankruptcy and foreclosure history
In general, Home Sweet Home requires a minimum of 600 credit score on each credit bureau before referring to a loan officer or real estate agent for housing and loan servicing. We can normally help the client achieve this quickly.
This is why Home Sweet Home requests that buyers and renters complete a Free Inquiry Form so that our Representatives can discuss housing needs upfront prior to enrolling in the Home Ownership Program.
I have bad credit. How can the Home Ownership Program help me get a house?
If you have damaged credit, we recommend you enroll in the Home Ownership Program immediately. Why? Try searching for housing with bad credit. Invariably, each and every application will be denied - repeatedly. In fact, the average credit and background check costs about $100 per application submitted. On average, an applicant can easily spend (waste) in excess of $700 with NO HOME in sight.
Finally, persons with bad credit usually must pay heavy "risk premiums". Normally, these include much higher rent payments and hundreds (if not thousands) in additional move-in costs or down payment funds.
With the Home Ownership Program, (in many cases) we may be able to guide renters and buyers. Ultimately, this can add 100 - 150 points to a credit report score within 30 days. Some of this may be adjusting balances. In other cases, disputing derogatory, disputed information can result in erasure of negative credit information. In other cases, using an affordable legal service can be used to settle and delete derogatory, disputed accounts from the credit report.
I have very little or no credit. How can the Home Ownership Program help me get better credit, and a home loan, to buy a home?
Depending on your credit and credit scores (or if you have no credit scores), you may be able to qualify for a home loan immediately. Still, some conditions will apply.
Also, the Home Ownership Program will help you establish a solid game plan to establish and manage new credit accounts. Ideally, each applicant should have a certain number of established accounts to qualify for a home loan. In some cases, applicants may need qualifying accounts that could be added to the credit report to establish higher credit scores.
I have 'A' credit, but I am having trouble qualifying for a home loan. How can the Home Ownership Program help me?
Many times, borrowers who have seemingly "higher" credit scores may not qualify for a home loan. Sometimes, it may be just one or two negative accounts. Other times, it may be certain ratios are too far "off-the-mark" to qualify. Still, it may be a legal matter, tax issue or ID theft.
In any case, the Home Ownership Program can help you solve those issues and plan a path towards homeownership. In addition, the Home Ownership Program can also plan your path in a comprehensive financial manner.
I've been a victim of identity theft. Can the Home Ownership Program offer a resolution?
Yes. We offer an enrollment plan to help you offset any further instances of identity theft. And, after the fact, we can help you get the paperwork and affordable resources you need so you can end the nightmare.
How can the Home Ownership Program help in matters of bankruptcy?
The fact is there are cases where bankruptcy makes sense. Such reasons include bad health, the loss of a breadwinner or disability. We understand.
However, many bankruptcies do not make financial sense. No doubt, bankruptcy can and does wreak havoc with acquiring housing. Meeting with an HSH professional is a must.
Ultimately, it's important to get both a financial and legal assessment of your bankruptcy situation. For sure, the Home Ownership Program can also help you get affordable legal advice and a full assessment of your circumstances. In the final analysis, we can develop a specialized game plan for your needs.
Overall, some lenders have certain restrictions on bankruptcy. Not to worry, we can explain and assist.
I have an eviction. Can the Home Ownership Program help me?
It depends on your situation. For sure, if there were special circumstances, we can help. Indeed, if you had an episode of:
- bad health
- job loss
- other good reason
However, documentation will play a big part. All things considered; the Home Ownership Program can work for you. Furthermore, the Home Ownership Program can help you develop and substantiate a good letter of explanation. All in all, goodwill is key.
This program is NOT for "professional" tenants. Even in cases of multiple evictions, you do have some limited options. In fact, some of these options you may not have considered. Call for assistance.
I have a foreclosure. How can the Home Ownership Program help me?
The Home Ownership Program can run an analysis of your situation. Considering such an event, we can still get you into another house or rental. It will require a well-written explanation. You need to advise our staff if you have a judgment.
By and large, it's never too late to get into a home again. In a word, there is hope. The Home Ownership Program can be your guide. In any case, you can own again.
I would like to show a prospective landlord proof that I am enrolled in the Home Ownership Program and am receiving assistance. Is documentation available?
Yes. For sure, there is a legal document we can provide you. Use it to show a prospective landlord proof you are enrolled in an industry approved program.
I want to refinance my existing mortgage. Can the Home Ownership Program assist me?
Yes. Regardless of whatever issues or challenges you may be facing; this program can help you. Having a representative guide you past your challenges may be all the help you need.
What if I don't feel I make enough money? Can the Home Ownership Program help me afford a home?
Yes. You may have some options available to you. There are a number of ways you can increase your income. Our program can lead you in the right direction. Truly, we can show you how to make more money.
Does the Home Ownership Program help with down payment assistance?
Yes. Correspondingly, we can show you some very powerful techniques people are using today. Some of these include crowdfunding examples, fundraising strategies, and even creative ideas.
I have a legal problem. Can the Home Ownership Program help?
Yes, but only indirectly. We can provide you with an extremely affordable legal plan wherein you will be able to have access to an attorney and great legal protection.
In terms of debt settlement, can the Home Ownership Program help?
Yes. And, if you need legal assistance, you can get affordable access to a licensed attorney at law. Typically, we educate our clients on how to use a debt settlement technique that can settle a disputed debt. Finally, the technique includes a deletion clause to get the account deleted from your credit reports.
Will Home Sweet Home help me find a loan officer or real estate agent?
Yes. Surely, we can find you an agent and loan officer. However, the conditions of your case may dictate the "timing" on how soon we can get one to work with you. In other words, if your credit is super damaged, you may need to wait until the appropriate time to receive a referral. On the other hand, if you are close to being loan-ready, you may be referred rather quickly. In all, it's a case-by-case basis.
What if I already am working with a loan officer or real estate agent?
If this is the case, we will want you to introduce Home Sweet Home to BOTH the loan officer and real estate agent. In fact, we want to make sure they understand who we are and what we do. Certainly, it's going to be very important we contact them regularly. No doubt, they will want to be updated on your progress once you enroll for the Home Ownership Program.