What is a homebuyer education course?
A homebuyer education course is an online or in-person class you can take to better understand what’s involved in finding, buying and owning a home. You might be required to complete this course by your mortgage lender, or if you’re participating in a down payment assistance or other housing financing program.
How much does online homebuyer counseling and education cost?
Online course (meets lender and assistance program requirements for eight hour education): $35 Here are some commonly asked questions (and answers!) about our homebuyer counseling and education. Is Clearpoint’s counseling and education approved for down payment assistance programs, or other lender programs?
Who is the homebuyer education test brought to you by?
Readynest and the Homebuyer Education Test are brought to you by MGIC, a private mortgage insurance company. Framework® is a registered trademark of Framework Homeownership LLC. CreditSmart® is a registered trademark of Freddie Mac. Do I have to pay a fee to take the Homebuyer Education Test?
Where can I find first-time homebuyer courses?
Most homebuyer education courses and first-time homebuyer classes are offered by lenders, nonprofit housing counselors, community development corporations, organizations providing down payment assistance and real estate brokerages, Hendrix-Griffin says.