Looking for a homebuyer education program to meet requirements for your mortgage loan? Be sure to consult with your lender to make sure you fulfill those requirements with an approved program.
Please note: The Readynest/MGIC homebuyer education test was discontinued as of Dec. 15, 2023. See below for alternatives.
MGIC is proud to partner with Finally Home! to provide homebuyer education. Finally Home! exceeds the National Industry Standards for Homeownership Education and Counseling, is provided by a HUD-approved housing counseling agency and meets education requirements for many loan programs, including Fannie Mae and Freddie Mac programs. The maximum Finally Home! program fee is $70 but may be as low as $0, based on a borrower’s income.
Fannie Mae’s free HomeView program aligns with the National Industry Standards for pre-purchase homeownership education. It meets the requirements for Fannie Mae’s HomeReady® program and may also meet the requirements for other loan programs.
Freddie Mac’s free CreditSmart program offers multiple learning paths for those in different stages of the homebuying process. One of those learning paths is Homebuyer U, a certificate program that meets the requirements for Freddie Mac’s HomeOne® and Home Possible® mortgages and may also meet the requirements for other loan programs.