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Home Buyer Education and Landlord Education
Get educated! Learn about the buying process, financing options, and being a responsible homeowner. WHEDA wants you to be ready for homeownership. Understanding the complicated world of mortgages can be confusing.
- First-time Home Buyers are required to take a home buyer education class.
- In addition, if purchasing a 2-4-unit property, at least one borrower must also complete an approved landlord education course.
- Check with your lender on which type of education you will need.
- Both Home Buyer Education and Landlord Education must have been completed prior to purchase and are good for within 12 months of the application date.
Home Buyer Education and Counseling Providers
There are several in-person and online options and both are acceptable
WHEDA accepts education from the following providers:
- Framework Homeownership
- HUD Approved Housing Counseling Agency
- Education from a provider that is listed as an "Adopter" to the National Industry Standards for Homeownership Education
Any costs are set by the provider and must be included on Loan Disclosures provided by Lender
Landlord Counseling Providers
Acceptable WHEDA Approved free online sources of Landlord Education:
Acceptable WHEDA sources of Landlord Education:
Any costs are set by the provider and must be included on Loan Disclosures provided by Lender