Home Buyer Class

Many loan programs available to home buyers don’t require a home buyer education class to be taken.  However, there are a couple of low down payment and down payment assistance programs that do require a short home buyer education class be taken.    If you do a search on the internet for class providers be prepared for mass confusion!  The issue is that different loan programs and states have different requirements and you have to make sure you take the right class or it wont be accepted.   For the most part, at least in Michigan, the HUD Approved Counseling Agencies will typically meet those requirements.   Here in Southwest Michigan, we work a lot with Kalamazoo Neighborhood Housing Services or KNHS and they have  home buyer course options both in person and online.  You can sign up for the online class by following the link below under Course Registration.

Loan Programs With Home Buyer Education Requirements

The MSHDA down payment assistance programs are the most common loan programs that require a home buyer class.  However, the following programs all require home buyer education.

  • Conventional Home Ready Program (3% down)
  • FHA MSHDA with down payment assistance
  • Conventional MSHDA with down payment assistance
  • FHA MSHDA FLEX with down payment assistance
  • Conventional MSHDA FLEX with down payment assistance

Course Registration

KNHS

As mentioned above, KNHS is an organization that helps with the completion of the home buyer class. The process is as follows:

  1. Register for the online course by following this link  ehomeamerica.org/knhs and select the Homebuyer Education Course Option.  The cost for the course is $100, but you can receive a $26 discount on the course by using coupon code “NEWHOME26“.
  2. Complete the online class
  3. After you complete the online home buyer education KNHS will call you to set a meeting up with your HUD Certified Housing Counselor.
  4. Complete the 30 minute one on one HUD counseling session.
  5. That’s it!  KNHS then sends us the competed course certificate.

If you have any problems feel free to call us at (269) 488-9494.

 

Latest Blog Post

2022 Webinar and Live Event Calendar

Each year we try and bring relevant education topics to real estate professions.   Below you will find a list of the topics we plan to cover and dates for each.  For each topic we are offering a Live event at the Greater Kalamazoo Association of Realtors and a Zoom Webinar on the same topic the following week.  As the events get close we will have more details just follow the links to learn more and register for the events.

2022 Lunch and Learn Schedule:

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