Club 720’s “Understanding Credit” series in 2024 is designed to educate individuals on the critical aspects of credit and its implications on personal finance and home buying. The series aims to equip participants with essential knowledge about credit scores, their influence on mortgage rates and approval processes, and strategies for improving credit.
The program includes various workshops focusing on different dimensions of financial literacy. Notably, there is a workshop titled “Understanding Credit and Its Impact on Home Buying,” which covers the fundamentals of credit scores and their significance in obtaining a mortgage, as well as tips for enhancing one’s credit before applying for loans, making it particularly beneficial for first-time homebuyers or those looking to refresh their knowledge.
In addition to this workshop, Club 720 also offers other financial education sessions such as “Budgeting Basics,” “Tracking Income and Expenses,” and “Creating a Budget Plan,” each designed to enhance participants’ overall financial management skills . This series operates weekly, providing ongoing support to help individuals take charge of their financial journeys.
By partnering with trustworthy banks, Club 720 aims to facilitate access to credit-building tools, including low- and no-fee bank accounts and credit builder loans, which are critical for maintaining and improving credit health Overall, Club 720’s initiatives in 2024 emphasize education and community support in overcoming barriers to financial well-being and homeownership.
Tue, Oct 29, 6:30 PM - 7:30 PM GMT+5:30
Online
Free
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Got questions? Here are the answers to some common questions about Down Payment Assistance.
Club 720 can connect you with approved lenders through our platform.
Yes, DPA funds can be applied to closing costs, including real estate agent commissions.
You may need to repay the balance of the forgivable loan, minus the portion already forgiven.
No, the program is open to both first-time and repeat homebuyers.
Borrowers must meet minimum credit score and income requirements, which vary by community. The Cook County Down Payment Assistance Program uses the Club 720® mobile app to provide borrowers with almost instant results on initial eligibility. This is by no means an approval, but it does mean you’ll soon be connected with a participating, trusted lender partner.
No worries! We are always adding programs and products that vary in credit score requirements. If the Cook County Down Payment Assistance Program won’t be a good fit for you at this time, you will be presented with other programs that you’re eligible for on Club 720, including our Accountability Coaching Program, which is designed to prepare you to purchase a home through this program. We also encourage you to take advantage of all that Club 720 has to offer: free credit building courses, money management training, coaching and more to help prepare you for your home buying goals. Remember, it might be a “not now”, but it’s never a “no.” You can do this!
