Yes. All homebuyers must have 8 hours pre-purchase education or an online equivalent, as evidenced by an acceptable completion certificate. Eligible agencies must be HUD approved AND must have adopted the National Industry Standards for Homeownership Education and Counseling.
Online courses must also adhere to National Industry Standards for Homeownership Education and Counseling. Any online course must include a minimum of one hour of one-on-one counseling.
Pre-purchase education must be completed before closing. Borrowers that have previously completed their pre-purchase education through an approved provider must have a completion certificate that is dated not more than 12 months prior to closing.
Note that Way Finders’ in-person and online workshops meet all criteria listed above; however, you may elect to complete your education through a different agency. Please click below for a list of upcoming Way Finders’ workshops.