First-Time Homebuyer Classes

The definition of a “first-time homebuyer” is someone who has never had ownership interest (owned a home) in the last three years. If you’re looking to buy a home, it’s worth researching first-time homebuyer classes.

What are homebuyer education classes?

Homebuyer education courses provide information about the homebuying and mortgage process. Topics covered include budgeting, your credit, shopping for a mortgage, comparing rates and terms, home inspections, insurance, how to work with a real estate agent, and the closing process. In some cases, these classes may be required by your local housing authority to be eligible for a particular loan program. In that case, you may need a certificate of completion or approval document to close the loan.

What will I learn in these classes?

If you’ve never owned a home before, these classes are the perfect place to get all your questions answered in one place. All classes are structured differently, but the basics are covered no matter where you attend class. You’ll learn how to budget and prepare to buy a home, understanding your credit scores, the complete home buying process, and much more.

Is there a cost to attend?

Classes are often free, but some may charge a small fee to cover material costs like books, guides, worksheets, and the instructor. They can also be entirely online; however, be sure to check with your local housing authority or a licensed mortgage lender if an online class will fulfill any program requirements before paying a fee or committing time to a class.

Are there homebuyer education classes near me?

Of course! Simply search our list of first-time homebuyer classes below by state to see if there is something near you. (Note: this list is constantly being updated, so there may be classes we are not yet aware of. If you notice one missing, please let us know at content@americanfinancing.net and we’ll add it right away.