What Is Homebuyer Education - Should you enroll in a course in 2022?


As most people know, there is a lot that goes into purchasing a home. Did you know there are homebuyer education courses that break it all down?


In this blog, we will be talking about what homebuyer education is, benefits of having education, and even a certificate you can earn by taking a course.


First things first, what is a homebuyer education class? They are essentially either online or in-person programs for you to learn the entire home-buying process. This includes everything from managing money to understanding credit and even how to shop for a home.


What else do you learn? With a homebuyer education course, you’ll get insight on actual upfront costs, who is involved in the process, fair housing rules, and even foreclosure prevention! This can be benefical to make sure you are fully informed before making your big purchase.


Do you need it? No, but it can give you the upper hand when you're ready to purchase a home. There are many pieces that make up home purchasing. You interact with more than 3 people during the transaction so it's important to stay informed and know what you're doing. Some of the people you'll be in communication with is a realtor, loan officer, title company, lawyer, etc. A homebuyer education class can breakdown each step for you.


Frequently Asked Questions (FAQs):

How long will it take to complete a homebuyer education course?


Most courses run from 4-8 hours. If it is in person, it may be offered over two days. However, if you decide to complete it online, you will likely be able to complete it at your own pace. Some lenders offer trainings based on specific topics. Look online to find free online trainings.


When should I sign up?


Ideally, you should complete the course at the beginning or prior to your home search so you are fully educated on the process. If you are considering purchasing a home within the next year or two, it's best to take a course now.


Do I get proof of completing a course?


This depends what type of homebuyer education you do. Some courses provide a certificate upon completion of a homebuyer course which you can show your lenders. Keep in mind this isn't necessary to purchase a home.


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