“HomeStretch” is an approved 8 hour homebuyer education course. It is required in order to qualify for many down payment assistance programs or other special mortgage loans. It is a great opportunity for first time homebuyers in the Carver County area.
Investors requiring this course include:
- Minnesota Housing Finance Agency (MHFA)
- Fannie Mae & Freddie Mac (FNMA & FHLMC)
- Federal Housing Administration (FHA)
- Rural Development (formerly Farmers Home Administration)
- Mortgage Guaranty Insurance Corp. (MGIC)
- PMI Mortgage Corp.
Carver County CDA is currently not holding Homebuyer Education Classes please contact the website https://www.hocmn.org/search-workshops/ for upcoming Education Class by our network partners
What You Will Learn
- Is home ownership right for me?
- Financing options
- Qualifying for your mortgage
- Overcoming barriers to home ownership
- Shopping for a home
- Working with a realtor
- Closing on your home
- Life as a homeowner
*Additional classes may be added as needed
Purchasing a home may be one of the biggest decisions you will ever make, and navigating today’s housing market can seem impossible.
Homeownership education is the single most effective tool for achieving successful homeownership. Informed homebuyers are successful homeowners.
FRAMEWORK™ is a high quality, fun way to learn how to be a smart, confident and successful homeowner. It provides the facts you need to become well-informed about every step in the process.
Many lenders have approved FRAMEWORK™ to meet their requirements for homebuyer education. Check with your lender to make sure online homebuyer education is accepted.