Fannie Mae Launches Free Online Training Course, Empowering Aspiring Buyers To Become Confident, Successful Homeowners

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“Fannie Mae is committed to creating fair and sustainable homeownership opportunities for more people. With HomeView, we are providing future homeowners with free tools and information that will demystify the home buying process and put sustainable home ownership within their reach, ”said PJ McCarthy, Vice President of Affordable Lending and housing equity, Fannie Mae. “Expanding access to quality and trustworthy home ownership training is a proven first step in empowering homebuyers to become successful homeowners. HomeView puts people on the path to home buying while preparing them for long-term success. “

Data from Fannie Mae’s second quarter 2021 National Housing Survey® shows that consumers continue to want information about buying and owning a home, but lacked a reliable source and centralized. Among those surveyed, all segments of consumers – renters and homeowners, and regardless of race and ethnicity – said they were very interested in how many homes they could afford and their financing options. In particular, black tenants expressed the most interest in learning more about the home buying process, including required documents, how to get pre-approval from a lender, potential mortgage programs. down payment assistance and best practices in personal finance and credit rating management.

“For many homebuyers, especially first-time homebuyers, the mortgage and home buying life cycle can be daunting and overwhelming. Having a single, trusted source of information in common can make a difference to future homeowners, no matter where they are. This is why we are so proud to launch HomeView, ”said McCarthy. “As a leader in real estate and mortgage finance in the United States for over 80 years, Fannie Mae is able to provide intuitive, credible and on-demand learning to empower all consumers to become more engaged and informed homeowners. . We are investing in a full education portal lifecycle that will continue to be updated and tested, offering additional resources and support. And by making HomeView available for free, we’re removing the cost hurdle for low-income borrowers to meet home ownership education requirements for more affordable mortgages.

Fannie Mae has worked with consumers and industry experts, including housing counselors, mortgage insurers, government organizations and other stakeholders, to ensure that HomeView’s content aligns with national standards for the industry for pre-purchase home ownership education and bridges the knowledge gaps and issues common to homebuyers. The course includes seven interactive learning modules that guide the user through the steps of buying and owning a home:

  • Know when you are ready
  • Saving for Homeownership
  • Understanding the mortgage loan process
  • Buying a house with a real estate agent
  • Make an offer on a house
  • Prepare to close your loan
  • Welcome to homeownership

The components of the interactive course are designed to be completed in 30 minutes or less, and consumers can pause and resume at any time. Users who complete the course and score 80% or higher receive a Certificate of Completion to share with their lender to meet education requirements for most mortgage products, including low down payment loans.

HomeView also provides access to tools and resources, including checklists and calculators, and a link to find HUD-approved local housing counselors for consumers who want additional support throughout the process. buying and owning a home. There is no limit to the number of times users can use HomeView modules or access available resources. At launch time, HomeView content is available in English and additional language options will be available in the future.

View the course and materials online at fanniemae.com/education.

About Fannie Mae
Fannie Mae is helping make 30-year fixed-rate mortgage and rental housing affordable for millions of people in America. We work in partnership with lenders to create housing opportunities for people across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risks. To find out more, visit:
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SOURCE Fannie Mae

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