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E66: Demystifying Home Ownership with NeighborWorks Western PA: Less Money Down Than You Think

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Manage episode 504032064 series 3675421
Content provided by Leila Carter. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Leila Carter or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

What makes Jarid Shipley with NeighborWorks Western Pennsylvania a good neighbor?

Forget everything you thought you knew about buying a home. In this eye-opening conversation with Jarid Shipley, Director of Operations at NeighborWorks Western Pennsylvania, we demolish the biggest myth holding potential homeowners back: the 20% down payment requirement.
"There is this widespread belief that you have to have a significant amount of cash in order to purchase a house," Shipley explains. "And that is so completely and 100% not the case for the majority of homeowners in Pittsburgh and nationally." From programs offering assistance with as little as 1.5% down to grants worth $10-15,000 for first-time buyers, the financial barriers to homeownership are far lower than most people realize.
Founded in 1968 by Dorothy Richardson on Pittsburgh's North Side, NeighborWorks Western Pennsylvania has evolved from a neighborhood stabilization initiative into a comprehensive housing resource serving 23 counties. Shipley, a self-described "reformed teacher," made the transition from classroom education to nonprofit work after recognizing the critical gap in financial literacy education. "We weren't teaching children basic financial literacy... but the other thing that was really shocking to me was that we also weren't teaching that to adults."
What makes NeighborWorks truly special is their commitment to unbiased, client-centered guidance through every stage of the homeownership journey. Their HUD-certified counselors provide completely free services ranging from first-time homebuyer education to foreclosure prevention and wealth-building strategies. "We don't sell anything, we don't push anything," Shipley emphasizes. "Our goal is literally getting you to your goal through information, assistance, whatever we can do."
Whether you're just beginning to consider homeownership or looking to leverage the equity in your current property, visit NeighborWorksWPA.org to connect with this valuable community resource and discover how their expertise can help make your housing dreams a reality.

To learn more about NeighborWorks Western Pennsylvania go to:

https://www.neighborworkswpa.org/

NeighborWorks Western Pennsylvania

(412) 281-9773

  continue reading

Chapters

1. Introduction to NeighborWorks Western PA (00:00:00)

2. From Teacher to Housing Advocate (00:05:31)

3. The 20% Down Payment Myth (00:08:08)

4. First-Time Homebuyer Programs (00:13:10)

5. Services Beyond First-Time Homebuyers (00:17:10)

73 episodes

Artwork
iconShare
 
Manage episode 504032064 series 3675421
Content provided by Leila Carter. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Leila Carter or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

What makes Jarid Shipley with NeighborWorks Western Pennsylvania a good neighbor?

Forget everything you thought you knew about buying a home. In this eye-opening conversation with Jarid Shipley, Director of Operations at NeighborWorks Western Pennsylvania, we demolish the biggest myth holding potential homeowners back: the 20% down payment requirement.
"There is this widespread belief that you have to have a significant amount of cash in order to purchase a house," Shipley explains. "And that is so completely and 100% not the case for the majority of homeowners in Pittsburgh and nationally." From programs offering assistance with as little as 1.5% down to grants worth $10-15,000 for first-time buyers, the financial barriers to homeownership are far lower than most people realize.
Founded in 1968 by Dorothy Richardson on Pittsburgh's North Side, NeighborWorks Western Pennsylvania has evolved from a neighborhood stabilization initiative into a comprehensive housing resource serving 23 counties. Shipley, a self-described "reformed teacher," made the transition from classroom education to nonprofit work after recognizing the critical gap in financial literacy education. "We weren't teaching children basic financial literacy... but the other thing that was really shocking to me was that we also weren't teaching that to adults."
What makes NeighborWorks truly special is their commitment to unbiased, client-centered guidance through every stage of the homeownership journey. Their HUD-certified counselors provide completely free services ranging from first-time homebuyer education to foreclosure prevention and wealth-building strategies. "We don't sell anything, we don't push anything," Shipley emphasizes. "Our goal is literally getting you to your goal through information, assistance, whatever we can do."
Whether you're just beginning to consider homeownership or looking to leverage the equity in your current property, visit NeighborWorksWPA.org to connect with this valuable community resource and discover how their expertise can help make your housing dreams a reality.

To learn more about NeighborWorks Western Pennsylvania go to:

https://www.neighborworkswpa.org/

NeighborWorks Western Pennsylvania

(412) 281-9773

  continue reading

Chapters

1. Introduction to NeighborWorks Western PA (00:00:00)

2. From Teacher to Housing Advocate (00:05:31)

3. The 20% Down Payment Myth (00:08:08)

4. First-Time Homebuyer Programs (00:13:10)

5. Services Beyond First-Time Homebuyers (00:17:10)

73 episodes

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