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Originating & Underwriting

Homeownership Education

New: Fannie Mae HomeViewTM is available in Spanish.

Now you can help clear the path to homeownership for more first-time borrowers.

Fannie Mae HomeViewTM

At Fannie Mae, we believe quality homebuyer education and counseling are key to successful homeownership. Providing access to tools and information helps create a well-informed borrower with a clearer understanding of their housing needs and household budget, allowing them to confidently move through the homebuying process.

A clearer path to homeownership

HomeView is a free, interactive, and comprehensive online course that helps put homeownership into focus for your borrowers. The course is written in everyday language and is designed to help borrowers of all backgrounds learn and navigate the homebuying process with information and resources needed for every step of the way.

HomeView features and benefits

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Available free of charge.
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Aligns with National Industry Standards for pre-purchase homeownership education.
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Accessible from desktop, tablet, or mobile device.
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Tracks progress — pause and resume anytime, anywhere.
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Can be used to satisfy Fannie Mae education requirements.
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End of course quiz to test borrower knowledge and receive certificate of completion.
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Tools and resources remain available so borrowers can return as often as they’d like.
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Available in English and Spanish

Seven course modules guide borrowers through the steps of homeownership

Homeownership Starts Here

Homeownership Starts Here

Go to HomeView  

Housing counseling

Homeownership Education and Housing Counseling are different programs that help future homeowners become educated on the homebuying and financing processes. Housing counseling, also known as advising, is best suited for borrowers facing complex challenges — those who need one-on-one assistance to develop a deep understanding of their housing needs, household budget, and how to resolve potential issues.

Prospective borrowers who are pursuing eligibility may benefit greatly from housing counseling from a HUD-approved nonprofit housing counseling agency.

Click here for more information on housing counseling.

What is the difference between homeownership education and counseling?

Homeownership education and counseling play critical and distinct roles in helping borrowers become mortgage ready.

  Homeownership education Housing counseling
Delivery method
  • HomeView or homeownership education course from a qualified provider.
  • Education course provided by a Community Seconds® or DPA provider.
  • Services are unique to individual’s financial situation.
  • Services delivered one-on-one or via classroom, which may be in person, telephonic, video conference, or as per any other HUD-delivery standard.
Content

Comprehensive curriculum and instructional goals.

Examples of topics:

  • Knowing if you’re ready to buy or rent.
  • Mortgage process and documentation needed.
  • Home inspections, appraisals, insurance, and closing process.
  • Responsibilities of homeownership.

Covers all topics included in education setting.

MUST cover:

  • Buy or rent decision.
  • Establishing a household budget.
  • Review of credit report.
  • Preparation of a written action plan based on the client's individual goals.
Timing
  • Typically occurs between loan application and closing.
  • Earlier is better.
  • Must be completed by closing.
  • As early as possible.
  • Before client selects a home.
  • In order to meet $500 housing counseling LLPA credit, services must occur before a buyer enters a contract to purchase a home. Use SFC 184 and complete Form 1017. This LLPA credit is only available on HomeReady loans.
Requirements

Required from a qualified provider* for at least 1 borrower if all borrowers are first-time homebuyers.

  • For purchase loans > 95%, regardless of the mortgage product chosen.
  • For HomeReady® and HFA Preferred™ , regardless of LTV.

For borrowers with no credit score, if all borrowers are non-traditional credit, completing homeownership education is required for at least 1 borrower, for all loans.

*A qualified provider must be independent of the lender, with homeownership education content that is aligned with National Industry Standards (NIS) or is offered by a housing counseling agency approved by the U.S. Department of Housing and Urban Development (HUD). HomeView can be used to satisfy homeownership education requirements.

Housing counseling may be recommended for borrowers who:

  • Are ineligible for a mortgage.
  • Are facing complex challenges.
  • Are in need of customized one-on-one assistance to be mortgage-ready.

Note: Buyers who have completed housing counseling by a HUD-approved agency (as evidenced by a completed Fannie Mae form 1017 or course completion certificate) are not required to complete a homeownership education course.

 

Delivery method

Homeownership education

  • HomeView or homeownership education course from a qualified provider.
  • Education course provided by a Community Seconds® or DPA provider.

Housing counseling

  • Services are unique to individual’s financial situation.
  • Services delivered one-on-one or via classroom, which may be in person, telephonic, video conference, or as per any other HUD-delivery standard.

Content

Homeownership education

Comprehensive curriculum and instructional goals.

Examples of topics:

  • Knowing if you’re ready to buy or rent.
  • Comprehension of the mortgage process and documentation needed.
  • Home inspections, appraisals insurance, and closing process.
  • Responsibilities of homeownership.

Housing counseling

Covers all topics included in education setting.

MUST cover:

  • Buy or rent decision.
  • Establishing a household budget.
  • Review of credit report.
  • Preparation of a written action plan based on the client's individual goals.

Timing

Homeownership education

  • Typically occurs between loan application and closing.
  • Earlier is better.
  • Must be completed by closing.

Housing counseling

  • As early as possible.
  • Before client selects a home.
  • In order to meet $500 housing counseling LLPA credit, services must occur before a buyer enters a contract to purchase a home. Use SFC 184 and complete Form 1017. This LLPA credit is only available on HomeReady loans.

Requirements

Homeownership education

Required from a qualified provider* for at least 1 borrower if all borrowers are first-time homebuyers.

  • For purchase loans > 95%, regardless of the mortgage product chosen.
  • For HomeReady® and HFA Preferred , regardless of LTV.

For borrowers with no credit score, if all borrowers are non-traditional credit, completing homeownership education is required for at least 1 borrower, for all loans.

*A qualified provider must be independent of the lender, with homeownership education content that is aligned with National Industry Standards (NIS) or is offered by a housing counseling agency approved by the U.S. Department of Housing and Urban Development (HUD). HomeView can be used to satisfy homeownership education requirements.

Housing counseling

Housing counseling may be recommended for borrowers who:

  • Are ineligible for a mortgage.
  • Are facing complex challenges.
  • Are in need of customized one-on-one assistance to be mortgage-ready.

Note: Buyers who have completed housing counseling by a HUD-approved agency (as evidenced by a completed Fannie Mae form 1017 or course completion certificate) are not required to complete a homeownership education course.