Homebuyer Qualification Program (HQP)
This program is a combination of our HEP, credit education & restoration and
consumer counseling. It was designed to qualify those who were denied a
mortgage for a specific reason or a variety of reasons. It is also used
for those who have not yet applied but are interested in the American Dream and
need help in understanding the steps they must follow to obtain that dream.
If you have clients that are marginal, bad, or previously been denied a mortgage
because of their credit. We will work with them on a one-on-one counseling
basis until we get them qualified. This process may take as little as 6 months
or up to 3 years. Once re-qualified, we will bring your client back to the
referring agency and/or organization to obtain their mortgage.
ESA Financial Solutions provides all services, educational training and
one-on-one counseling in the field of home ownership to pre-qualify the
client. The services of this program include:
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Provide One-on-One Counseling and Education on
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Creating a budget
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Credit and how it works
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Cost, up front and on-going
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Qualifying ratios
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Repayment ability
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Excessive debt
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Shopping for a home
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Home ownership responsibility
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Basic rules of money management
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Down payment/Closing cost assistance
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Identify credit problems
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Assist client in satisfying all credit obligations
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Prepare letters of explanation to credit bureaus concerning negative remarks
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Remove inaccurate, erroneous and obsolete items from credit report
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Bolster credit by adding positive accounts
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Negotiate settlement agreements with creditors and/or collection agencies
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Prepare settlement agreements for payments and/ or cash discounts
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Prepare all letters and documents to accomplish all the above steps
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