Homebuyer Education Learn about and access homebuyer education for first-time buyers in class or online.

Homebuyer Education
Bravo! I can tell you are a smart because your instincts are telling you to learn before you leap into buying your first home. You know that you need to understand what you are thinking about doing before you do it.  You also know that you need to get your information from a neutral source that you can trust and one that has your best interest in mind.

Taking an approved homebuyer education course is not just about helping you make more informed decisions, but also completing the course may also help you qualify for a:

  • Down payment assistance loan or grant program
  • Homeownership loan programs available from your state
  • Discounts or reduced rates on your home loan
  • USDA Direct or Guaranteed Rural Housing Loans
  • Reduced mortgage insurance premiums on an FHA loan

HUD Approved Housing Counseling Agency
One of the smartest moves you will make on your way to a home of your own is to take a homebuyer education class from a non-profit HUD Approved Housing Counseling Agency.   This is a really smart move because the more you learn about the process the better prepared you will be and the more likely you are to get the best programs and loan terms.  A homebuyer education class delivered by a HUD Approved Housing Counseling Agency will help you :

  • Understand the homebuying process 
  • Ask more intelligent questions  
  • Help you make better informed decisions all along the way

Homebuyer education is an important class you need take before you decide to purchase your first home. It teaches you the basic homeownership terms, steps, and strategies so you are prepared to have a positive homebuying experience.  For some government-sponsored programs it is required, but for other programs it is not.

The best and most reputable classes are hosted by non-profit HUD Approved Housing Counseling Agency. It is ideal to take the class in person so you can ask questions, hear questions, and to verify the organization has your best interest in mind.

There is also a great network of non-profit homebuyer education providers who are affiliated with NeighborWorks America®. Make sure as you are searching for a local homebuyer education provider that is a non-profit organization that you feel you can trust and has your best interest in mind.  You need to see that they are committed to educating you about the homebuying process from a neutral perspective and that they are not trying to sell you a home, loan or other product.  Their primary purpose should be to help you make informed decisions that are in your best interest.

Online Homebuyer Education
While taking a homebuyer education course in a classroom setting is ideal, for some it is not feasible due to the availability of courses, their work schedule, or many other reasons.  If you find yourself in this situation, online homebuyer education from ehome America is a great option. You go at your own pace and complete the course when it fits nicely into your busy schedule from the comfort of your own home. It can also be a great supplement to taking a live class as well.  After all, this is the biggest purchase of your life and you can never have too much information to help you make an informed decision. FirstHomeAdvisor has partnered with ehome America to help future homebuyers access a high-quality homebuyer education online.  The ehome America course was developed and is offered by a non-profit HUD Approved Housing Counseling Agency who is also a NeighborWorks America® Home Ownership Center.

Completion of the ehome America course will meet the homebuyer education requirement for most programs that require it.  However, before taking the course, it is a good idea to check with your lender and homebuyer program administrator to verify the course meets their specific education requirement.  To learn more about online homebuyer education for first-time homebuyers click here .

Lender or Real Estate Agent Seminars
Many lenders and real estate agents offer free homebuyer education seminars on their own. It is fine to attend these workshops, but most of them will not meet the typical education requirement for most homebuyer programs. So if you do decide to attend one of these types of workshops you need to still attend a homebuyer education course from a HUD Approved Housing Counseling Agency. Any lender or real estate agent who is the type you want to do business with will support your decision. If they don't, consider finding a different lender or agent who supports your goal of being a well informed homebuyer.  

If you have any questions or concerns about an education provider you should call your local or government housing agency for a referral.  The class should be free or very low cost. Be careful of any homebuyer education classes or services that attempt to charge you high fees or try to sell you costly grant information you cand get for free.  Many of the reputable classes charge a nominal fee which covers some of the non-profit's expenses in offering the program.  Also be careful of any seminars that profess to help you access free government assistance. These types of seminars are expensive and a rip off.