Minnesota Homeownership Center and the Homeownership Advisors Network are partnering with Minnesota Housing, MN Association of Realtors®, USDA Rural Development and the Minnesota Department of Commerce to promote homeownership and stabilize Minnesota’s neighborhoods by sponsoring homebuyer education in June.
In celebration of Homeownership Month in June, the Center is pleased to announce the availability of free homebuyer education. This opportunity is available thanks to the generous support of several public and industry partners.
Quality homebuyer education is the foundation of successful homeownership and is key to stabilizing Minnesota’s neighborhoods. A recent study conducted by Neil Mayer & Associates and the credit bureau Experian found that homeowners that receive pre-purchase education and counseling services are 30% less likely to become seriously delinquent on their mortgage in the first two years after closing.
In Minnesota, homebuyer education is available online and in-person. Both courses include an in-depth understanding of the homebuying process, how to choose the right home, the importance of credit and good financial management, how a lender determines how much to lend, the importance of working with a real estate professional and the buyer’s rights and responsibilities once they become an owner.
Free in-person Home Stretch Workshops are available at participating locations throughout the state from June 22-29.
Framework, the most comprehensive online homebuyer education course available, will also be free to the first 100 customers who sign-up and use the special coupon code: MNPROMO13