On Wednesday, September 25, 2025, the Family Services Department hosted a Pre-Closing Workshop for Habitat for Humanity families. Six families were in attendance. The workshop provided critical information about the mortgage process and what families can expect as they approach their home closings.
Key Topics Covered:
- Understanding Mortgage Terms: Families were given a clear explanation of loan terms, interest rates, and how monthly payments are calculated.
- Payment Schedules: A detailed breakdown of when payments are due, including convenient online payment options.
- Escrow and Property Taxes: An overview of escrow accounts, property tax responsibilities, and how these payments are incorporated into the mortgage.
- Homeowners Insurance: Guidance on the requirements for obtaining and maintaining homeowners insurance to protect the property.
- Closing Costs: Information on expected closing costs and how to budget for these important expenses.
- Home Maintenance: Practical tips on regular home upkeep to ensure property value and avoid costly repairs.
- Post-Closing Support: Resources available after closing, including support from Habitat for Humanity and local community partnerships.
- Budgeting and Financial Planning: Guidance on managing household finances, prioritizing mortgage payments, and long-term financial stability.
- Homeowner Rights and Responsibilities: A discussion on legal homeowner rights and the responsibilities associated with mortgage obligations.
- Final Walkthrough Expectations: What families can expect during the final walkthrough before closing, including addressing any last-minute questions or concerns.
This comprehensive workshop was designed to ensure that families feel confident and fully prepared for the transition into homeownership. The Family Services Department remains committed to providing ongoing support as they embark on this exciting new chapter.
