Homeownership Education by Framework
Buying a home can be an intimidating process whether you're searching for the right house or shopping for the best mortgage. That's why Fannie Mae has partnered with Framework, a leading provider of homeownership education. Framework offers an interactive online training course to help you understand the homebuying process and prepare for homeownership. Even previous buyers can benefit from the training as a valuable, up-to-date review.
Framework's course meets the housing counseling standards established by HUD and the National Industry Standards for Homeownership Education and Counseling. It also fulfills the homeownership education requirement for Fannie Mae’s HomeReady mortgage.
What You Need to Know
- The course breaks homebuying down into easy-to-grasp lessons that take about 4 to 6 hours to finish.
- You’ll complete the lessons online (from your computer, tablet or smart phone), at your convenience.
- Framework charges a one-time $75 fee (that covers both you and a co-borrower) for the training—a small investment to help you prepare for possibly the largest purchase of your life.
- Once you’re done, download and save your Certificate of Completion (you may need to provide it to your loan officer).
What You’ll Learn
- How much home you can afford
- How to fix or improve your credit
- How to shop for the best mortgage loan
- The steps of the mortgage process
- The 10 professionals involved in most home purchases
- What to include in your offer
- Home inspection basics
- The steps of the closing process
- And more
Beware of Scams
Learn how to identify and avoid scam artists who promise immediate relief from foreclosure.
FAQs
Find the answers to common questions concerning your mortgage and the various options to avoid foreclosure.
Glossary
Visit our glossary of key terms to increase your understanding of the foreclosure options available.
