BISMARCK, ND – February 24, 2009 – (RealEstateRama) — Finding and purchasing a home can be a trying process, particularly for minority households. Native and New Americans may be unfamiliar with the lending process, have credit issues, face a scarcity of housing providers or find that they are unable to make a purchase because reservation land cannot be mortgaged.
Tools to guide these prospective homeowners will be available at a Housing Fair on Monday, March 23, from 1:00 to 8:00 p.m. in the lower-level of the Bismarck Veterans Memorial Public Library, 515 N 5th Street, Bismarck, ND.
“The purpose of the event is to offer a one-stop source of resources whether you are currently looking to buy, or just want some general information,” said Jane Martin, North Dakota Housing Finance Agency (NDHFA) Native American housing coordinator.
Workshops lead by local housing professionals will offer information on mortgage products and down payment assistance available. Additional discussion will help provide a better understanding of the home buying process and offer guidance to address financial issues.
“Homebuyer education certificates can be earned for attending all the workshops,” said Martin. “By earning a certification, buyers may be able to reduce closing costs or access down payment grants.”
Participants are welcome to visit with service providers throughout the day, and can attend any or all of the educational workshops without pre-registering for the event.
The Housing Fair is free and pre-registration is not required. Although the event is targeted to Native and New Americans households, anyone interested in learning more about the home buying process is welcome to attend.
The event is co-hosted by the NDHFA and the Coalition of Indian Housing Authorities in North Dakota. For more information, please visit NDHFA’s website or contact Jane Martin at (701) 328-8080 or (800) 292-8621.