HUD Housing Counseling – USA HOMEOWNERSHIP LOANS

Building A Stronger Future with HUD Counseling

Financial Stability I Responsible Homeownership I Foreclosure Prevention

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HUD Housing Counseling Services Works!

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Loss Mitigation/Foreclosure Prevention

Loan Modifications: Homeowners who received counseling were nearly three times more likely to secure a loan modification compared to those without counseling.
Foreclosure Avoidance: 56% of counseled homeowners avoided foreclosure, versus 32% of those who didn’t receive counseling.
Payment Reductions: 57% of borrowers lowered their monthly mortgage payments through loan modifications.
Sustained Payments: 70% of homeowners who received a loan modification stayed current on their payments afterward.
Delinquency Resolution: Counseling effectively helped nearly half of clients resolve or prevent mortgage delinquency.

Pre-Purchase Counseling

42% less likely to default: Homebuyers who received counseling were significantly less likely to default on their mortgages.
Increased preparedness: 70% of counseled individuals felt more prepared for the homebuying process.
Better mortgage terms: Counseling helped clients secure better terms, like lower interest rates.
Credit score improvement: Participants often saw their credit scores improve, qualifying them for better loans.
Sustained homeownership: Counseled homeowners were more likely to avoid foreclosure and maintain long-term stability.

Financial Literacy

Rental Counseling

Reverse Mortgage Counseling

Post Purchase

30% less likely to default: Homeowners receiving counseling had a reduced risk of mortgage default.
75% improved financial stability: Participants reported better budgeting and savings skills.
65% better home maintenance knowledge: Homeowners gained a stronger understanding of upkeep.
88% sustained homeownership: Most counseled homeowners remained in their homes after two years.
Increased foreclosure avoidance: Counseling significantly helped clients stay current on mortgage payments.

Fair Housing

Successful Resolution: Over 70% of fair housing complaints assisted by HUD counseling resulted in positive outcomes, like settlements or resolutions.
Awareness Improvement: Around 80% of recipients reported better understanding of their Fair Housing rights after counseling.
Complaint Support: HUD agencies help file thousands of fair housing complaints annually, enhancing enforcement.
Discrimination Deterrence: Active counseling programs contribute to a reduction in reported discrimination cases.
Community Benefits: Communities with fair housing counseling see increased access to housing for marginalized groups, including minorities and low-income families.

Home Maintenance

65% improved maintenance knowledge: Homeowners gained better skills to avoid costly repairs.
50% increased savings: Clients set aside more for home repairs and emergencies.
40% made energy efficiency upgrades: Counseling led to lower utility costs.
55% reduced repair costs: Homeowners found cost-effective maintenance solutions.
60% enhanced home safety: Participants improved their home's safety through hazard identification.

Homelessness Prevention

60% avoided eviction: Counseling helped over half of participants stay in their homes.
75% maintained stable housing: Most clients remained housed six months after counseling.
50% connected to resources: Half of the clients received additional support like rental assistance.
65% housing retention: A majority stayed in stable housing a year after counseling.
40% reduced homelessness entry: Counseling lowered the risk of entering homelessness by 40%.

Downpayment Assistance

We Are Ready to Help you, Call today!

800-590-2574

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Getting Mortgage Ready

As the mortgage division of the only HUD Certified Veteran Service Organization,
VAREP, our clients have access to services getting them mortgage-ready.

Pre-purchase

Pre-Purchase counseling helps individuals understand the homebuying process, manage finances, improve credit, and make informed decisions about purchasing a home including downpayment assistance

CREDIT COACHING

HUD credit and financial counseling helps individuals manage finances, improve credit, and prepare for homeownership with personalized advice and strategies for financial stability and housing goals.

Foreclosure Prevention

Provides homeowners with strategies and support to avoid foreclosure, including personalized advice on managing finances, negotiating with lenders, and exploring alternatives to help them stay in their homes and achieve financial stability.

We Are Ready to Help you, Call today!

800-590-2574

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HUD Success stories

David H. Veteran
“I would recommend USA Homeownership Foundation to anybody. In my case it saved my home.”

Treashun L. Veteran
"I feel much better now that I came to USA Homeownership Foundation based on the fact that there was no cost and I am in a position to go on and pay my house payment at a manageable rate now. I feel much more successful than before I started on my own."

George C. Veteran
“Since we moved into the house, my credit score has improved. We are able to save money due to this program and things just started moving in the right track.”

Kyle Veteran
“VAREP has opened up a lot of doors of opportunity for me and I hope that they can do that for many Veterans in the future.”

Nicholas Veteran
“My life has changed drastically since we moved in this house. It’s been somewhat of a one blessing after another after another. My savings have increased drastically, I have been able to pay so much off on my credit. Since we’ve been here, it’s made us all very happy.”

Kristina. Veteran
“VAREP says YES to their Veterans. They say YES we can and they say YES we will. I actually experience the power of VAREP for myself. Call VAREP, they will show you and they will guide you.”

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