First-time homebuyer resources
3 more ways to become their go-to guide
According to NAR's 2025 Profile of Home Buyers and Sellers, 38% of first-time homebuyers said that understanding the process and steps is one of the most difficult parts of buying a home. At MGIC, we recognize the pivotal role you play in educating and guiding first-time homebuyers through the entire process. That’s why we’ve created resources you can use to help your borrowers understand financial readiness, the mortgage process, mortgage insurance and more.
1. Host your own homebuyer seminar
Attract and build relationships with prospective homebuyers by helping them understand the homebuying process. Hosting a homebuyer seminar is a great way to establish yourself as a knowledgeable resource and to generate leads. We provide everything you need to host a seminar in English or Spanish, from slides to workbooks to marketing materials – at no charge to you or your borrowers.
2. Help homebuyers crunch the numbers
Empower consumers to see how buying a home can be affordable with our consumer calculators. Each calculator is designed to help borrowers understand their options: when to buy, how much to put down, how much they can afford and more.
Leverage these consumer calculators online and in person, in English or Spanish:
- Buy Now vs. Wait
- Down payment
- Rent or buy
- Monthly payment
- Home affordability
3. Share ad-free, educational content with first-time homebuyers
Readynest breaks down the homebuying process into bite-size topics (in English and Spanish) and backs up the facts with true stories that bring it all to life. At readynest.com, borrowers get:
- An overview of key steps to buying a home
- Affordability calculators, worksheets and other tools
- Real-life stories, videos and infographics
And for loan officers, Readynest is a reliable source of valuable, ready-to-share, educational homebuying content. Subscribe for regular updates you can post or share.
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Support your borrowers with the right homebuyer education resources
Homebuyer education programs help borrowers achieve sustainable homeownership by preparing them for both the buying process and homeownership itself. While education is beneficial for anyone looking to buy a home, some loan programs require homebuyer education that meets certain criteria as a condition for closing the loan. These homebuyer education options fulfill education requirements for many mortgage products.