Sentences with phrase «homebuyer education program requirements»
Please note, while our certificate meets requirements for Freddie Mac's Home Possible program, it doesn't meet Fannie Mae's HomeReady homebuyer education program requirements.
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Requiring larger down payments could help reduce the FHA's exposure due to declining home values; and tightening credit requirements and mandating homebuyer education programs could help reduce mortgage defaults.
These courses can be used to fulfill education requirements for many specialized homebuyer programs (check with your lender to verify program eligibility).
Under most down payment assistance programs, you must make a minimum investment, qualify for a first mortgage, complete homebuyer education and meet eligibility requirements for sale price, homebuyer income and homeownership history.