Programs

Training and Counseling Services for New and Existing Homeowners

Home Buyer Education

CEI’s homebuyer education program is certified and compliant with Maine hoMEworks to provide comprehensive, 10-hour programs throughout the state taught by certified educators and professionals. The advantage of participating in home buyer education can often seen in lower delinquency and foreclosure rates as new homeowners feel better prepared and equipped to take on this new and exciting chapter in their lives!

This instruction includes:

  • Where to begin?
  • Budget assessment and financial management
  • The home-buying process
  • Lender Expectations: Ability, Stability, and Willingness
  • How to shop for a home
  • Mortgage Products and Obtaining a Loan
  • Avoiding pitfalls and predatory lending
  • Closing Process and Procedures
  • Sustainability: Homeownership after the sale

We respectfully request that you do not bring children or infants to class.

For more information, contact Peg Grant at (207) 504-5884 or peg.grant@ceimaine.org

In-person classes are CEI’s preferred method of delivering homebuyer education . In a rural state like Maine, however, it can be challenging for some participants to attend classes in person. CEI has partnered with eHOme AmericaeHomeAmerica to offer comprehensive, Maine hoMeworks approved homebuyer education online, at participants’ own pace and convenience and location. The eHomeAmerica program is the nation’s premier online homebuyer education.

CEI also offers an additional online homebuyer education option specifically for Fannie Mae’s FrameworkHomeReady mortgage product through FrameWork. This class is a requirement for Fannie Mae’s new product to confidently serve creditworthy borrowers with low to moderate incomes. Again, this should only be used in conjunction with HomeReady. Please contact us with additional questions about FrameWork.

One-on-One Pre-Purchase Counseling

In addition to group and online homebuyer education classes, CEI also offers individual pre-purchase counseling. This service offers prospective buyers the chance to meet with a HUD-certified counselor to discuss in detail their particular situations, challenges, and goals in embarking on the home buying process. This counseling can be done in person or over the phone and is completely free of charge. Click here for more information.

One-on One Post-Purchase Counseling

Similar in structure to pre-purchase counseling, this free service gives new homebuyers additional opportunity to review their closing documents, HUD-1 statements, and get continued guidance as they transition into homeownership. If you are interested in more information or to schedule an appointment, click here.

HECM/Reverse Mortgage Counseling

CEI is one of the few providers of Home Equity Conversion Mortgage (HECM counseling in Maine. Any homeowners aged 62 or greater who are considering a reverse mortgage to access existing equity in their home will be required to complete a comprehensive counseling session by a HUD-certified HECM counselor before beginning the process. This is traditionally a 90+ minute session which can be done either face-to-face or via telephone. Please call or click here for more information.

Default Management and Foreclosure Prevention

During the recent recession, many Maine households were hard hit due to job loss, illness or other economic hardship. If you are having a hard time paying your mortgage, are in foreclosure or fear that you may be soon, CEI can help.

All of our counselors are certified to assist homeowners at any stage of mortgage delinquency or foreclosure in Maine. Many homeowners have already tried to work with their lenders and may be frustrated by that experience. Don’t give up! Most of the time your bank does not want your home. There are many options for most homeowners, but the process of default and foreclosure is often a scary and confusing one. Regardless of your circumstance or location, please know that there is no-cost assistance available for struggling homeowners from HUD-certified agencies. Please don’t hesitate to call us or click here.

Watch “Doing Well by Doing Good“, a video produced by the Maine Affordable Housing Coalition about the economic impact of affordable housing development in Maine:

Other Videos

Understanding the Foreclosure Process Part 1 – Before Foreclosure (YouTube) By Pine Tree Legal Assistance
Understanding the Foreclosure Process Part 2 – During Foreclosure (YouTube) By Pine Tree Legal Assistance
Understanding the Foreclosure Process Part 3 – Make Your Action Plan (YouTube) By Pine Tree Legal Assistance

Other Resources

MakingHomeAffordable.gov
FannieMae’s KnowYourOptions.com
Freddie Mac’s Loan Look-Up Tool