More prepared first-time homebuyers through nonprofit partnership.

Jul 24, 2017

According to a recent survey of people who had purchased a mortgage, 42% found the home loan process to be stressful, complicated (32%) and even intimidating (21%). Numbers like this demonstrate the need that exists for banks and lenders to help our fellow community members understand how mortgages work AND how owning a home can play a significant role (for better or for worse) in a household’s financial health.

That’s why we recently joined forces with Klamath and Lake Community Action Services (KCLAS) Homeownership Center. Our partnership with KCLAS aims to bring awareness about the mortgage process to Southern Oregon residents. The nonprofit’s Homeownership Center serves as a “one-stop shop” in providing resources, education, assistance, and support to prospective and existing homeowners. We recently worked with the organization to put on the Home Buying Bus Tour and Freedom with Financial Fitness.  

Photo of .a homebuyer teacher

The one-day Home Buying Bus Tour was held at our Klamath Falls branch’s conference room and featured topics such as home maintenance, how credit scores impact buyers’ loan options, real estate tips and programs and loans for first-time buyers. 

Photo of home buying class

The five-session Freedom with Financial Fitness course covered topics like wills, trusts and POA, creating financial goals, investing basics, and identifying money traps.

We’re excited to work with organizations like KCLAS in an effort to provide community members with money management skills  - knowledge that is especially needed in areas of southern Oregon. The 2014-2015 Community Needs Assessment for Klamath and Lake County indicated a high level of poverty due primarily to lack of jobs and education. Through the bank’s sponsorship, volunteer hours and venue donation, classes like the Bus Tour and Financial Freedom are available to the public at very low costs, $10 or $30. 

Sponsorship or involvement in your community.

If there’s an organization or event that you’d like to consider asking WAFD to partner with, let us know. Check out our Community Relations page for more information about the bank’s giving focus and details about how to apply for our community grants.

Our Community Rooms are a great low-cost option for hosting your next meeting; check out our Community Relations page for details about locations and how you can reserve a spot.