Fannie Mae Launches Education Program for First-Time Homebuyers

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April 15, 2015

Fannie Mae has just announced the HomePath Ready Buyer program, an online homebuyer education course.

Once they complete the course, qualifying first-time homebuyers can receive up to three percent of the purchase price in closing cost assistance toward the purchase of a HomePath property. This means that for a $150,000 home, the buyer can earn up to $4,500 in savings.

Additionally, Fannie Mae reimburses the $75 tuition fee to the homebuyer at the time of closing.

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