For those of you that are interested in buying a home in Newburgh there are some great resources. One of those resources in an organization called PathStone. They offer classes for Home Buyers in the Newburgh area. Here is some information for those of you that are house hunting and don’t know really where to begin. The first session at PathStone is education information to help you out with the process and, no documents are needed. For Newburgh, these classes are held at:
Newburgh Community Improvement Corporation
36 Chambers Street
The FREE session start at 5 pm promptly and lasts for one hour. They will be held on the following Mondays:
- September 28
- October 26
- November 30
- December 28
After the classes, should you decide to become part of their Home Buyer Program you will need to bring a money order of $78 which includes a credit report and class registration. You can also bring this money order the 1st day of the free session to enroll immediately. Afterward, an invitation for home buyer education classes will be sent to you.
You must make a reservation for the free session at (845) 569-0770 x13 for Maryvette. Leave your name, address, phone #, and number of people who will attend. Also, call the day of the session as the schedule sometimes changes.
What is the benefit of enrolling in their home buyer program? You gain access to grants administered through PathStone from Mount Saint Mary’s College and St. Luke’s Hospital. They will help you apply for whatever grants are also available for you. This program is 3 classes long and also can be completed online in an 8 hour course (this is good for those of you who have to take a trip up to Newburgh).
There is also another program called the Service Club Program. In this program one of the 4 participating lenders will match $4 to every $1 you spend with a maximum of $7500. You must be a part of this program for 10 months but, by the 7th month you can begin looking for your home. This money can be used toward the purchase and closing of your home. For this program you must provide your tax returns for the past two years, W-2, and pay stubs. It is said going this route is a lot less paperwork that doing a HUD loan.
If you are curious or have more questions call Maryvette (845) 569-0770 x13. She was extremely helpful and patient.
Check out the following link to see more examples of Newburgh Real Estate.