New Government First Time Home Buyer Education Program

First Time Home Buyer Online Education that Pays

Fannie Mae has a new online first time home buyer education course, the HomePath^®Ready Buyer^™ program, qualifying first-time homebuyers to receive up to three percent of the purchase price in closing cost assistance toward the purchase of a HomePath property, upon completion of an online homebuyer education course. Fannie Mae also will reimburse the $75 cost of the home buyer education course at the time of closing.

“Purchasing your first home can be an overwhelming process,” said Jay Ryan, Vice President of REO Sales, Fannie Mae. “We developed the HomePath Ready Buyer program to provide first-time homebuyers with the knowledge to make informed decisions as they navigate the complexities of the home buying process. Closing cost assistance provides a cushion many first-time buyers need to more confidently face the financial responsibilities of homeownership.” Read more