Homebuyer Education

Homebuyer Education

Homebuyer education helps prepare buyers for the homebuying process, from understanding loan requirements to evaluating properties and preparing for closing.

NIFA requires homebuyer education for occupying borrowers who will sign the promise to pay document, also called the promissory note, and live in the property. The class must be completed through a NIFA-approved homebuyer education provider before closing.

Buyers are encouraged to complete homebuyer education early in the home search process. This information can be helpful when comparing homes, understanding costs, and preparing for the responsibilities of homeownership.

Homebuyer Education Requirements for NIFA Borrowers

To meet NIFA’s homebuyer education requirements:

• Complete a class through a NIFA-approved homebuyer education provider before closing.
• Make sure the completion certificate includes the borrower’s name and the education provider’s name.
• Give the completion certificate to your lender.
• Complete closing within 12 months of the certificate's issue or completion date.

Homebuyer education certificates are valid for 12 months from the date they are issued or completed.

Find a NIFA-Approved Homebuyer Education Provider