Course Info

We offer the following two online homebuyer education courses because we want to see you succeed in homeownership. It is very important that you take the appropriate course to qualify for your CHFA loan. The CHFA on-line education is meant to be an individual learning experience therefore all borrowers must be individually certified, which means each person receiving a loan must complete the appropriate certification course independently.

First time homebuyers: Regardless of what CHFA loan program you are applying for, you must take the First Time Homebuyer Education course to qualify. The course information is designed to educate about the basics of the homebuying process so that you will be prepared for any situation you might encounter along the way.

Current homeowner refinancing with CHFA: Take the CHFA Money Management course. This will give you an extensive understanding of money management, credit, and the loan process. We think that with this information, you will have a very rewarding homeownership experience.

Module 1: Are you ready to buy a home? (This module only available within the First Time Homebuyer Education Course)

This module gives you a complete understanding of the homeownership process, including the steps to take when shopping for a home and a list of people you will need to work with during the purchase. You will learn the advantages and disadvantages of owning a home and come to understand the true “cost” of homeownership, outside of real estate agent commission and filing fees.

Module 2: Managing Your Money

This module advises you how to identify goals and develop a spending plan to meet those goals. These are both important when you are a homeowner and unexpected expenses arise. Tips on updating the plan to meet changes in goals, controlling spending and building savings are included.

Module 3: Understanding Credit

Understanding credit is key to successful homeownership. This comprehensive module explains how credit ratings work, why good credit is important, types of credit reports and common credit problems. It also gives advice and steps on how to solve credit problems and manage your debt. Information on preventing identity theft and your rights as a consumer will protect you.

Module 4: Getting the Right Mortgage Loan

Knowing the right loan for you and how to correctly use it are other ways to guarantee homeownership success. In this module, you will be guided through the entire mortgage search, from detailed descriptions of various lending institutions and loan categories to key mortgage terminology. You will also learn how to protect yourself and your home with our tips on avoiding rehabilitation scams and predatory lending practices you may encounter if you choose to refinance. Options for coping with hardship are also detailed.