Homebuyer Education
Home Stretch is the Home Ownership Center's pre-purchase education program. Home Stretch is designed to take the mystery out of the home buying process and prepare first-time homebuyers to make the important choices related to homeownership.

Homestretch workshops cover such topics as:

  • Knowing your financial situation
  • Credit and credit issues
  • The types of home ownership
  • The role of the lender
  • Understanding the loan closing process
  • Your legal rights and responsibilities as a home owner

Some mortgage lenders require borrowers to complete an approved homebuyer education course in order to qualify for affordable mortgage loans. Home Stretch has been approved by many mortgage investors to meet this requirement, including:

  • Minnesota Housing Finance Agency (MHFA)
  • Fannie Mae and Freddie Mac (FNMA & FHLMC)
  • Federal Housing Administration (FHA)
  • Rural Development (formerly Farmers Home Administration)
  • Mortgage Guaranty Insurance Corp. (MGIC)
  • PMI Mortgage Insurance Corp.

Homestretch is regularly offered at several locations throughout the area. Download 2008 Schedule. (Adobe PDF file - requires Adobe Acrobat Reader)
E-mail
Telephone
(507) 287-7117
Fax
(507) 282-4938
Mailing Address
2200 Second St. SW, Suite 300 Rochester, MN 55902-4125
Directions to our office
Click here
Rochester Area Foundation