Yes, homebuyer education is required for HomeReady if all occupying borrowers are first-time buyers. However, fulfilling this requirement is not as daunting as it may seem.
One option to fulfill the HomeReady educational requirements is through the HomeView platform. HomeView allows potential buyers to take a self-guided online educational course that covers topics such as budgeting, credit management, and the home-buying process. This platform has been approved by Fannie Mae, making it a reputable provider in the eyes of HomeReady.
Here are some of the benefits of using HomeView to fulfill your HomeReady educational requirements:
Convenience: HomeView is an online platform, so you can take the course at your own pace and from the comfort of your own home.
Cost-effective: The HomeView course is only $75, which is significantly less expensive than many in-person homeownership courses.
Reputable provider: As mentioned, HomeView is approved by Fannie Mae as a reputable provider, so you can trust that the course meets the HomeReady education requirements.
Overall, while homebuyer education may be required for HomeReady, it doesn’t have to be a hassle. HomeView provides a convenient, cost-effective, and reputable option to fulfill the educational requirements and get you one step closer to owning your dream home.
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