Foundations of Homeownership
Join our free first-time homebuyer course to learn financing, credit, and the homebuying process. Eligible participants may qualify for homebuyer resources and educational voucher opportunities.
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Ready to buy your first home? Our First-Time Homebuyer Course provides the knowledge and confidence you need to navigate the homebuying process.
Welcome Video: Start Here
Foundations of Homeownership: First-Time Homebuyer Education Course
Glossary of Key Terms
Module Overview: Financial Readiness
Assessing financial stability
Budgeting and savings plans
Understanding credit scores and managing debt
Creating a specific home budget
Setting savings goals for down payment and closing costs
Module Overview: Understanding the Homebuying Process
Working with real estate agents
Steps in home searching, making an offer, and closing on a home
How to choose the right agent
Key features to consider in a home
Module Overview: Mortgage Basics and Loan Options
Different types of mortgage loans
The mortgage approval process
Interest rates, down payments, and closing costs
Understanding PITI and Escrow Accounts
Comparing mortgage options
Understanding fixed vs. adjustable rates
Module Overview: Making an Offer and Closing the Deal
How to craft a competitive offer
Negotiation strategies and tips
Importance of inspections
Understanding appraisal processes
What to expect during closing
Breakdown of closing costs
Learn the essential topics every first-time homebuyer should know before purchasing a home.
π Homebuying Process
π³ Credit & Financing
π¦ Mortgage Basics
π° Down Payment Assistance
π Closing Process
π Homeownership Tips