A recent study reported by NAR reports that  mortgage counselling for home buyers significantly lowers default rates.  More importantly this type of program might help potential homebuyers enter the market more confidently.  The economic downturn of the last few years left many would-be home buyers wondering if they would qualify for a mortgage under the new stricter guidelines.  They might have weathered the downturn unemployed and have recently returned to full time employment.  They wonder about employemnt history.  Credit scores many have suffered as they struggled to keep up.   As this group of homeowners struggle to get back on their feet home ownership is often a primary goal.

A real estate professional or loan officer can usually direct consumers to this type of service.