First-Time Home Buyers Classes: A Guide
Author:
Miranda CraceMar 28, 2024
•5-minute read
If you’re a first-time home buyer, you probably have many questions about how the home buying process works. No matter how prepared you think you are, it’s hard to anticipate what the process is like until you’re in it. And that’s before you start factoring in the sizable amount of money it’ll take to buy a home.
This is why most people can benefit from enrolling in a first-time home buyers class, which we’ll discuss in great detail in just a moment.
What Is A First-Time Home Buyer Education Course?
A first-time home buyer education course is a workshop that walks you through the process of how to buy a house. Some lenders recommend – and others may even require – that you take a class.
Here’s a quick list of topics you can expect to tackle in a first-time home buyers class:
- Whether you’re ready for homeownership
- Budgeting and money management
- Assessing your creditworthiness
- Determining the type of home you can afford
- Programs that can help buy your first home
- Comparing different types of mortgages and lenders
This type of class is beneficial for anyone new to the home buying process, but it can also help if you’re a previous homeowner who has struggled financially.
How Long Is A First-Time Home Buyers Course?
Generally speaking, first-time home buyers courses can take anywhere from 4 to 8 hours. Online courses are usually self-paced and can typically be completed in a day or two. Alternatively, it’s often possible to take classes in-person, with the schedule varying by provider.