Counseling Services Fee

Financial Counseling

 

Financial Counseling Session........................................ No charge

 

Matched Saving for Tomorrow...................................... No charge

 

Debt Management Plan Enrollment Fee...................... $50.00

 

Debt Management Plan Monthly Maintenance Fee... $20-40 based on income

 

Homeownership Counseling

 

First-Time Homebuyer Counseling Session................. No charge

 

Foreclosure Prevention Counseling.............................. No charge

 

Reverse Mortgage (HECM) Counseling

Counseling Fee................................................................ $125.00

 

Fee Payment

•  All fees are payable at the end of the appointment if applicable.

• Payments can be made with a credit card, debit card, money order or cash (please bring exact amount if possible). Tabor does not accept checks for service.

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Waiver Policy

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Reverse Mortgage (HECM) Counseling Fee Waiver Eligibility

• To be eligible for a fee waiver clients will be asked to present proof of income and household size during the counseling session.

• Clients may request a waiver of fees and will be given instructions for submitting the request.

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Per HUD guidelines, clients with household incomes below 200% of the federal poverty guidelines, as listed below, are eligible for a waiver of the Reverse Mortgage (HECM) counseling fees; they will not be responsible for payment of the $125 fee at the time of counseling. However, if eligible clients move forward with the reverse mortgage the payment will be included in settlement costs.

The Ann B. Barshinger Financial Empowerment Center for Lancaster County