First-Time Homebuyer Class: Why You Might Need It - Forbes

If you’re thinking about buying a house for the first time, or reentering the housing marketafter some past financial difficulties, there are classes available to help guide you through the process. While various organizations across the country offer homebuyer education courses, the course content is primarily set … See more

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FAQs about First-Time Homebuyer Class: Why You Might Need It - Forbes Coupon?

Do I need a first-time homebuyer class to buy a home?

It depends. A first-time homebuyer class is not required to buy a home in general. However, if you'll be taking advantage of certain homebuyer assistance programs or special financing options, you may need to complete a first-time homebuyer education course as a condition of receiving the help. ...

How can I find a first-time home buyer class?

To find a first-time home buyer class, contact your state housing agency and ask about its first-time buyer assistance program. They should be able to provide you with course options and locations that are local to where you live. ...

Is a first-time home buyer course required for me?

You may need to take a first-time home buyer course in order to buy a home. Some specific loan programs require this type of class, and you can count on having to take one if you're applying for a state-sponsored home-buying assistance program. ...

What is a first-time homebuyer class?

A first-time homebuyer class aims to help you learn about the entire process of buying and owning a home to make sure you’re ready for the commitment. You’ll learn about the different steps in the homebuying process, including how to: ...

What is a first-time home buyer education course?

A first-time home buyer education course is a workshop that walks you through the process of how to buy a house. Some lenders recommend – and others may even require – that you take a class. Here’s a quick list of topics you can expect to tackle in a first-time home buyers class: ...

Should you take a home buyer education class?

But chances are good a home buyer education class will find you if you apply for a mortgage loan designed for first-time home buyers. For example, Fannie Mae and Freddie Mac, the two mortgage giants that buy loans from most mortgage companies, have built home buyer education into their loan programs for first-time buyers. ...