Benefits of Homebuyer Education For All Buyers

Homebuyer education helps homebuyers prepare for the process of purchasing a home and the challenges of being a new homeowner. It gives you the information you need to be a smart, confident, and successful homeowner. Some loan programs, like the Ohio Housing Finance Agency (OHFA), require homebuyer education courses.

The homebuying process is complex and if you are a first-time homebuyer, it can be a little confusing. This is why homebuyer education courses are so important. They help new homebuyers understand the process and what to expect as a homeowner.

Even if you’re not a first-time homebuyer, taking a homebuyer education course can be beneficial, since the mortgage industry is always changing and new programs are emerging. It’s better to have more information than not enough, especially when it comes to buying a home.

One of the most valuable aspects of the course is information about the home buying and mortgage process. Among the topics covered are budgeting, credit, shopping for a mortgage, home inspections, insurance, how to work with a real estate agent and the closing process.

With OHFA, qualified buyers are required to complete free homebuyer education. OHFA’s streamlined education program allows you to complete a course offered by any U.S. Department of Housing and Urban Development (HUD) approved counseling agency in Ohio. With OHFA’s loan program, homebuyer education is not completed until after homebuyer has submitted their loan application with their loan officer.

Click here to see the full list of HUD Approved Housing Counseling Agencies offering pre-purchase homebuyer education workshops in Ohio.

At First Ohio Home Finance, we have vast knowledge with homebuyer assistance and education programs in Ohio. If you’re confused by all the assistance programs available or not sure if you qualify, contact a loan officer at First Ohio Home Finance for help!