If you're looking to buy a HomePath home, whether you're buying your first home or your fifth, the experience can be exciting, confusing, overwhelming and wonderful — all at once! Buying a Fannie Mae-owned home isn't much different. We're here to help you through the process with tools and resources.
Buying a home can be a daunting process, especially for First-Time Buyers. At HomePath, we support smart and sustainable homeownership as it advances Fannie Mae's mission to stabilize neighborhoods. That's why HomePath is proud to bring you this homebuyer education course. If you're a First-Time Homebuyer, we encourage you to take this education course to prepare you for the responsibilities of homeownership. After completing the course, if you attach the course completion certificate to an initial offer and successfully negotiate a purchase of a HomePath property, you can request up to 3% closing cost assistance toward your purchase.
Plus, completion of the HomePath Ready Buyer™ course also meets the homeownership education requirement for the Fannie Mae HomeReady® mortgage loan*. Find out if the HomeReady mortgage is right for you. Visit MyHomeReady.com.
Restrictions apply. See full terms & conditions.
Tell me more about the training.
This course is intuitive, self-directed and interactive. The course is being used by other non-profits and lenders and exceeds both HUD standards and National Industry Standards for Homeownership Education and Counseling. The course has 9 modules with a quiz at the end and takes about 4 hours to complete. The course costs $75. After completing the course, download and save your Certificate of Completion. If you decide to purchase a HomePath property after course completion and you successfully close on a contract, the cost of the course ($75) will be reimbursed.
How do I ask for the 3% closing cost assistance?
After completing the course, you must attach the HomePath Ready Buyer course completion certificate to the initial offer submission on a HomePath property. Your Real Estate Agent must submit this at initial offer on the HomePath Online Offers system.
Terms & Conditions
To be eligible for this offer:
Fannie Mae reserves the right to end the promotion at any time. Any dispute over this program shall be resolved by Fannie Mae in its sole discretion.
NOTE: HECM, auction, pool and investor sales are not eligible for this program.
Instructions for Buyer’s Agents: To make the request for closing cost assistance and reimbursement of the course fee at initial offer submission, we recommend the following verbiage for placement in Section 38 of the Fannie Mae Real Estate Purchase Addendum:
* There are other requirements for getting approved for a HomeReady mortgage. Speak with your lender to learn more.