Back-to-work counseling session fee

[Bratbaby]

Hello-
I've spoken with a lender and I qualify for FHA Back-to-work. I was online looking for HUD-approved counselors and landed on a site called Springboard, who can do the counseling over the phone for $95. Is this a fair price? Should it cost that much? I've found references to "free or low cost," but that's pretty nonspecific. Just want to avoid being taken for a ride.
Thanks!

[ezdriver]

Springboard is the only one I found [that was ready to deliver the specifi content required by FHA] after months of searcing. I did it wit Springboard for the $95 fee. One of my customers also did it with Springboard [with my recommendation] and it went well. We both received our certificates of completion electronically within 24 hrs of completion.

[ShanetheMortgageMan]

I've also found that is a pretty fair price, and being able to do it online/over the phone so you don't have to travel is a plus too.

[Bratbaby]

Great! Thanks so much for your replies. I had made the appointment for 1/27; just wanted to be sure it was a good price for the counseling. Now I'm looking forward to it! Any input on topics covered during the counseling? Thanks again-

[DallasLoanGuy]

just check with your lender and make sure they consider that counseling ok

[ezdriver]

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@DallasLoanGuy wrote:

just check with your lender and make sure they consider that counseling ok

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That is the only one I found and it is specifically structured to meet the content requirement of the BACK TO WORK program.

[ezdriver]

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@Bratbaby wrote:
Great! Thanks so much for your replies. I had made the appointment for 1/27; just wanted to be sure it was a good price for the counseling. Now I'm looking forward to it! Any input on topics covered during the counseling? Thanks again-

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You will create a working monthly budget during the  session so make sure that you have a list of EVERY expense for the month and EVERY $$$ of income you have each month. You will be asked for NET income ... that is your AFTER TAX INCOME. They will ask about savings too.

With the above data, they will create a budget that shows what disposable income you have available after all expenses are paid each month. They will compare your CURRENT with PROPOSED housing scenario.

The session will last a minimum of one hour.

After the session, they will email you a link to their system where you will access the budget they created, a collections of tools for financial management and your completion certificate.

By the way, the fee is for the session ... not per person. My wife and I attended for the same fee.