Pre-rental | Reverse Morgages | Home Improvements | Homeownership | Foreclosure Assistance
| The PCHC administers its Housing Counseling Program with funding from the US Department of Housing and Urban Development. The PCHC is a HUD certified Housing Counseling Agency. The program offers housing counseling for both homeowners and renters alike, addressing reverse mortgages, foreclosures, eviction, home improvements, rehabilitation, pre-purchase, FHA, FmHA, SONYMA and pre-rental. The program offers counseling for a person, family or group of persons with the same documented need. Regardless of the area of assistance, all clients will receive a financial analysis prior to counseling. The counselor will review budgets, assess a client's spending habits, create a budget and explain the use and cost of credit. Programs available through PCHC include the following: Pre-rental Counseling includes explanation of tenant's rights and lease and rental agreements. Customers are also informed of the HUD Section 8 Rental Subsidy Program (administered by the PCHC in Putnam County), landlord tenant mediation, landlord grievances and Fair Housing Laws. Reverse Morgages The PCHC offers counseling for the Home Equity Conversion Mortgage (HECM) insured by the US Dept. of Housing and Urban Development (HUD). This includes information on the Home Keeper (HK) Mortgage offered by Fannie Mae through its approved sellers and loan servicers. The eligibility requirements are: Borrowers:
Home Improvements The PCHC also offers counseling concerning home improvement and rehabilitation. The PCHC administers a Home Improvement Program for owner-occupied homes through the New York State Affordable Housing Corporation and the Senior Action Wagon (SAW). For more information on these programs, please see the Home Improvements Section. Homeownership Program The PCHC offers an enhanced homeownership program to assist residents in purchasing a home. This includes a First Home Buyers Club in partnership with Mahopac National Bank and HSBC through the Federal Home Loan Bank of New York. For more information, please see the Homeownership Section. Foreclosure Assistance The PCHC as a certified HUD Housing Counseling Agency can assist those homebuyers at risk of foreclosure. The PCHC receives funding from HUD to provide the counseling and from the National Foreclosure Mitigation Counseling Program. A counselor will meet with the borrower to determine their objectives, the reasons for the default, and the time constraints of the case. The counselor will document income and expenses and will establish with the borrower a current budget and set up a realistic budget going forward with the maximum commitment from the borrower for mortgage payments. The counselor will advise the borrower of the options available to them: Forebearance and Reinstatement, Loan Modification, Pre-foreclosure Sales, Assumptions & Deed in Lieu of Foreclosure, Home Equity Conversion Mortgage (HECM) |
11 Seminary Hill Road, Carmel NY 10512
(845) 225-8493