Center for Housing & Financial Education
The Urban League’s Center for Housing and Financial Education provides assistance to families in need of better housing while combating housing inequities for low to moderate income households. Our comprehensive housing counseling services equip families with the knowledge and support necessary to address their housing needs, improve their financial situation and avoid experiencing the crisis of mortgage foreclosure. Our clients gain the financial literacy and knowledge necessary to obtain and maintain safe, clean, stable and affordable housing.
Our Center’s nationally-certified housing specialists achieve outstanding results in these areas:
Home Ownership Counseling
Home Ownership Counseling offers comprehensive education and counseling to prepare families who want to purchase a home. Courses focus on real estate contracts, home inspections, home maintenance, home insurance and completing residential loan applications.
The comprehensive program also educates participants by preparing and pre-qualifying them to obtain a mortgage. In addition to individualized budget and credit counseling sessions, participants are involved in various group sessions covering such topics as:
- Reading and Understanding the Real Estate Contract
- Home Inspection
- Home Maintenance
- Home Owner’s Insurance
- Completing residential loan applications
- The Loan Closing
- Fair Housing
There is a one time enrollment fee (based on income) for Home Ownership Training and a credit report is required as well. Click Here to pay the enrollment fee and credit report fee online.
|$0 – $20,000 Income||$50.00|
|$20,001 – $25,000 Income||$100.00|
|$25,001 – $30,000 Income||$150.00|
|$30,001 – $40,000 Income||$200.00|
|$40,001 – $48,550 Income||$250.00|
|$48,551 and higher income||$300.00|
|Homebuyer Education 1 Day Saturday Class||$100.00|
|Rental Counseling Fee||$25.00|
|Credit Report Fees (charged each time a new report is obtained)|
Are you facing the possibility of foreclosure on your home?
The Louisville Urban League’s Foreclosure Counseling services offer hope to homeowners who are delinquent in their mortgage obligations. Get help now.
Certified counselors assist clients in developing repayment plans that may prevent foreclosure. The counseling service specifically provides:
A thorough financial analysis to assess the client’s ability to maintain the mortgage
Help in working with the lending institution to develop a mutually agreeable repayment structure to prevent default and/or foreclosure.
Budget counseling to reduce the risk of future mortgage payment problems
To find out more about the Louisville Urban League’s Foreclosure Counseling services, call (502) 566-3362 or toll free at (877) 231-4662 ext. 122
For information about our other counseling services, click HERE.
F.I.T. (Financially In Tune) For Life
The FIT class is a comprehensive, classroom based consumer education curriculum that provides you with the building blocks to sound financial management. F.I.T. is a requirement to participate in all CHFE services. In the class you will learn:
- How to take control of your financial resources and planning how to use them
- M.A.R.T. goal setting
- How to analyze your whole financial picture
- How to create and implement a personal financial plan
- The 4C’s of credit.
- How to understand and maximize credit scores
- Important consumer laws
- And much more…..
F.I.T. for Life provides you with the basic skills to take control of your financial future and stop re-acting to life’s crises. All clients participating in CHFE services will be enrolled in this class.
Budget & Credit Counseling
Budget and Credit Counseling helps families with financial planning and budgeting techniques as well as how to recognize and avoid predatory lending. Other areas covered in this program are: looking at spending habits; reducing existing debt; and developing savings strategies.
Counselors also assist clients to understand and improve credit scores. Improving credit ratings eliminates a major barrier to finding suitable housing and getting better mortgage rates. A credit report is required for all budget and credit counseling clients. Click Here to pay for the credit report online.
Rental Readiness focuses on preparing prospective renters on how to be good tenants. In addition to receiving budgeting and credit counseling assistance, the program helps to prepare its clients on how to handle the difficulties that may arise from renting an apartment or house.
Individual counseling sessions are available through the program primarily covering the following topics:
- Rights and responsibilities of the tenant and the landlord
- Understanding your lease
- Choosing a neighborhood
- Elements of an apartment inspection
- housekeeping tips
- Benefits of renter’s insurance
Homebuyer’s Club is currently being sponsored by PNC Bank. Louisville Urban League with the help of local sponsors offers Homebuyer’s Clubs to families that have a desire to become homeowners, but need to be educated on the home buying process. Homebuyer’s Club is composed of four sessions, three hours nightly. The clubs are taught by HUD- certified housing counselors and industry specialist in the fields of mortgage lending, home insurance, and home inspectors to teach you the ins and outs of the home buying process. The clubs are held over a two-week period of time and occur on Tuesdays and Thursdays of each week. Sessions are held every other month throughout the calendar year beginning in January.