Full Answer
How much does Fannie Mae’s framework course cost?
In 2019, Fannie Mae began waiving the $75 fee for Framework’s course. A Framework spokesperson said more than 1.2 million homebuyers have used its educational program.
What is framework homebuyer Ed?
Framework Homebuyer Ed satisfies the homebuyer education requirement for Fannie Mae, Freddie Mac, and your lender's mortgage products. The course also meets all HUD and Housing Counseling Program requirements for homebuyer education, and exceeds the National Industry Standards for Homeownership Education and Counseling.
How does Fannie Mae help homebuyers?
By expanding access to reliable housing and financial knowledge, Fannie Mae provides a clearer path to homeownership for more qualified homebuyers, including low- and moderate-income and minority borrowers, helping to advance housing equity and address the homeownership gap among these communities.
What is Fannie Mae HomeView™?
WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) today announced the launch of HomeView ™, the company's new online homeownership education course, to help consumers navigate the mortgage and homebuying process confidently and responsibly.
Everything you need to know
Go at your own pace and prepare for closing on your home loan. Easily dive back into a lesson to guide your conversations with everyone you meet along the way, and make the best deal for you.
Know the Right Questions to Ask
" [Homebuyer Ed] gave me realistic expectations and knowledge that I didn't have. I felt like I went in knowing what questions to ask." - Calli P., IN
Be Your Own Advocate
"The information saved me from making a couple of big mistakes and helped me to have important conversations with my real estate agent that I probably wouldn't have even thought about before taking the program." - George O., CO
Meet Your Homebuyer Education Requirement
Framework Homebuyer Ed satisfies the homebuyer education requirement for Fannie Mae, Freddie Mac, and your lender's mortgage products.
When will Fannie Mae allow third parties to get a mortgage?
Fannie Mae announced Wednesday that, starting in 2022 , it will allow third-parties to fulfill the homeownership education requirement on some affordable mortgages.
What is home ownership education?
Homeownership education, in contrast with loan counseling and other programs to help borrowers keep their housing , is meant to prepare prospective borrowers for the complex process of buying a home. Buying a home can be especially intimidating for first-time, first-generation homebuyers who do not have the benefit of family members to guide them through the process.
What is Freddie Mac's mission?
As part of Freddie Mac’s mission to provide liquidity, stability, affordability and equality to the housing market, Freddie Mac created its Housing Solutions team in 2020 to reduce barriers to homeownership and provide solutions to some of the nation’s toughest housing challenges.
