Homebuyer education, sometimes called housing or pre-purchase counselling, helps homebuyers prepare for the journey of purchasing a home and the many new challenges of being a homeowner.
For some Maryland Mortgage Program loans, completing homebuyer education or counselling is a requirement. In some jurisdictions, specific course providers or course types must be completed to meet full eligibility for a Maryland Mortgage Program loan.
Please review special homebuyer education requirements to see if restrictions apply in the county where you will be purchasing. Failure to meet homebuyer education requirements in the timeline required may impact your approval and ability to purchase a home through the Maryland Mortgage Program.
Talk to one of our state-approved mortgage lenders to make sure you understand how the homebuyer education fits into your financing situation.