Ignite FB Tracking PixelNot Ready to Buy a Home – Take a Class - Dara Lewis
Not Ready to Buy a Home – Take a Class

by Dara Lewis 04/21/2019

Buying a home tops your long-range goals list, but are you ready? As a first-time buyer, you have loads of questions and concerns. After all, a home loan is an obligation for years into the future. You want to make savvy decisions and be comfortable that you’ve negotiated the best deal. On top of that, learning all about credit scores, how to pre-qualify and the difference between pre-qualification and pre-approval. And what are options and closing costs?

Fannie Mae, the Federal National Mortgage Association (FNMA) government-sponsored enterprise (GSE) that serves the mortgage industry, knows what you need to know about buying a house. They’ve put together a course for new homebuyers called HomePath Ready Buyer Education Program.

Enroll now

The online course lets you attend from the comfort of your sofa. After completion, a “graduate” may qualify for assistance up to three percent of the closing cost of purchasing a qualified HomePath property. You won’t end up with an education loan either. Tuition is just $75, and Fannie Mae says it could even reimburse your tuition during closing on your new home. Now that’s a deal!

What you learn

Because the course design has new buyers in mind, you’ll learn to determine how much you can afford to buy and ways to figure out what home is best for you. Making the deal and learning about down-payment options will get you on your way. Finally, you’ll learn to avoid the pitfalls, and all the navigate the paperwork required to close the deal.

How long does it take?

The entire course is nine 30-minute sessions, so along with the quiz at the end (no final exam though), the total class takes about four to five hours. Designed to be intuitive and self-directed, you can work your way through the course over a few evenings, on your lunch hour, or even during your morning commute (provided you’re not the driver, of course!).

How you benefit

In addition to the three percent closing cost assistance and tuition reimbursement, your Certificate of Completion may qualify you up to take advantage of the First Look program. By giving first-time homeowners an exclusive "first look" at newly-listed foreclosed properties, this innovative program serves new home seekers and promotes neighborhood stabilization.

Fannie Mae relies on real estate professionals to follow through on the home-buying process. For more information, express your interest in the HomePath program to your real estate professional.

About the Author

Author
Dara Lewis
Dara Lewis re-joined the housing industry in 2015 after two years of living in the Caribbean. Her previous experience includes over 12 years in the multi-family housing industry within North Carolina, Ohio, Kentucky, and Indiana-managing, and leasing apartment communities for REIT's, as well as individual owners/investors. Now a licensed realtor in Maryland, Dara obtained her ABR (Accredited Buyer Representative) and NAR green professional designations in 2016, and has been a member of WOMEN'S COUNCIL OF REALTORS since 2015. At the beginning of 2018, Dara is proud to have successfully achieved membership into the Real Estate Million Dollar Association (REMDA). Dara is an active member of Trinity Church in Towson, is the volunteer coordinator of the Towson High School Sports Boosters Bull Roast and enjoys assisting the Towson High School Music Boosters whenever possible. Dara is a graduate of Shenandoah University in Winchester, VA, and enjoys traveling around the world, as well as watching her sons play soccer from the sidelines. Dara is ready and excited to help you with all your real estate needs. Read More Specialties and Designations Works With First Time Home Buyers, Country Homes, Resale Residential, Suburban Living, Urban Living, Single Family Homes and Townhomes ABR Cities Served Baltimore, Bel Air, Cockeysville, Cockeysville Hunt Valley, Forest Hill, Glen Arm, Hereford, Loch Raven, Lutherville, Lutherville Timonium, Monkton, Owings Mills, Parkton, Parkville, Perry Hall, Pikesville, Reisterstown, Ruxton, Sparks, Timonium, Towson, Westminster, White Hall, White Marsh Counties Served Baltimore, Carroll, Harford, Baltimore City