Fannie Mae Launches Buyer Education Program
Fannie Mae recently announced a new online home buyer education course, which allows first-time home buyers to receive up to three percent of the purchase price in closing cost assistance toward the purchase of a HomePath property upon successful completion. Fannie Mae also will reimburse the $75 cost of the home buyer education course at the time of closing.
Fannie Mae has partnered with Framework, a nonprofit created by the Housing Partnership Network and the Minnesota Homeownership Center, to offer home buyers a homeownership education course that covers both the complexities of homebuying and the responsibilities of owning a home. The course contains nine, thirty-minute sessions and is entirely online.
Those interested in becoming a homeowner are encouraged to take the course as soon as possible. The course must be completed before submitting an offer to qualify.
- Sunil Sethi
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