Delinquency Housing Counseling

Falling behind on your mortgage can be one of the most stressful financial challenges we face. Whether you’re already delinquent, or just beginning to fall behind on payments, don’t wait! We have HUD- Certified housing counselors here to help you now.

At Parachute, our Delinquency Housing Counseling is Free. We are part of the New York State Attorney General’s Homeowner Protection Program (HOPP), which funds a network of more than 85 trusted partners dedicated to providing homeowners with free, qualified mortgage assistance relief services across New York.

Call us TODAY take advantage of the program at (716) 712-2060.

Your Counselor can:

• Thoroughly evaluate your mortgage options:
  • Repayment plans
  • Loan modifications
  • Deferments
  • Legal options
• Support you in communicating with your lender
• Assist you in applying for the appropriate option

Rental Housing Counseling

If you are falling behind on your rent payments or are in danger of being evicted, don’t wait. Get help quickly!
A Parachute housing counselor can help you develop a plan to get back on track and obtain housing stability. No Fee

Your counselor can…

• Thoroughly evaluate your options to address delinquency
• Help you create a monthly budget unique to your needs
• Assist you in applying for any available rental assistance programs, if eligible

Pre-Purchase /
Homebuyer Education Counseling

Take your Homebuyer Education course online now.

Buying a home is seriously intimidating, especially the first time. Homebuyer education can make it less so. Many mortgage lenders and homebuyer assistance programs even require borrowers to take a HUD-approved course.
Fortunately for you, we offer it! Fee: $99

Your counselor can…

• Teach you the steps of the home buying process:
  • Assessing your Finances
  • Pre-qualification & pre-approval for a Mortgage
  • Shopping for a home
  • Securing financing
  • Making an offer
  • Loan approval & closing
• Explain how you can prepare for the expenses of homeownership

A certificate of completion will be provided.

Homeownership Readiness Counseling

Purchasing a home can be overwhelming, especially for first-time homebuyers. It’s difficult to even know where to begin.
You should begin here.
Whether you’re just beginning to think about buying a home or you have already made it a goal, a Parachute HUD-certified counselor can help you determine how and when to make that dream a reality. Fee: $25

Your counselor can…

• Teach you the initial steps of the home buying process, including mortgage qualification requirements
• Evaluate your:
  • Down payment
  • Debt load
  • Debt-to-income ratio
• Thoroughly review of your credit report and score and explain what your score means for you
• Guide you through both setting personal financial goals and making plans to achieve them

Reverse Mortgage
Counseling

Should you get a reverse mortgage? Maybe! That is why we offer the mandatory counseling required for anyone who is applying for a Reverse Mortgage.
A Parachute HUD-certified counselor will provide you with unbiased information about how Reverse Mortgages work and equip you with the knowledge and tools to make your decision. No fee

Your counselor can…

• Help you understand what reverse mortgages are
• Help you determine if a reverse mortgage is appropriate to meet your particular need
• Teach you the steps involved in the process:
  • Costs
  • Benefits
  • Loan amounts
  • Payout options
  • Possible alternatives to a reverse mortgage
• Review of your monthly household income and living expenses