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Homebuyer education options for successful homeownership
Support your borrowers with the right homebuyer education resources
At MGIC we believe in the power of homebuyer education to set future homeowners up for success. Homebuyer education programs help borrowers achieve sustainable homeownership by preparing them for both the buying process and homeownership itself.
Homebuyer education options to fulfill requirements
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. The following homebuyer education options fulfill education requirements for many mortgage products. Both borrowers and lenders should make sure to choose an education program that meets the loan product’s requirements.
Homebuyer education offered by Fannie Mae and Freddie Mac
|Fannie Mae HomeView®
|Freddie Mac CreditSmart®
Additional homebuyer education resources
The U.S. Department of Housing and Urban Development (HUD) offers information in English and Spanish that can help potential homebuyers understand the process.
HUD resources include local homebuying programs and HUD-approved housing counseling agencies.
Readynest by MGIC breaks down the homebuying process into bite-size topics and backs up the facts with true stories that bring it all to life. Borrowers will find:
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Finally Home!® is a registered trademark. For questions or support, contact Finally Home! at 877-695-2655 or email@example.com.
HomeView® and HomeReady® are registered trademarks of Fannie Mae. CreditSmart®, HomeOne® and Home Possible® are registered trademarks of Freddie Mac.