A Guide to First-Time Home Buyer Programs

first-time-homebuyers

Did you know that you must complete a homebuyer education class or training to be eligible for the Maryland Mortgage Program? Most first-time homebuyers don't know about this program or its requirements.

The Maryland Mortgage Program helps people that are ready for homeownership but may not have access to the large downpayment generally required. The Mortgage Program has a large network of approved lenders that can assist you in your home buying journey, however, they do require you to attend a first-time homebuyers class. These classes are designed to get you ready for the homebuyer journey and give you knowledge and tools to use along the way. 

Check out a few of Brunswick Crossing’s recommendations for online programs for first-time homebuyers:

Framework. The Framework course is a comprehensive online course that meets HUD guidelines. A few highlights of the course include learning how much house you can afford, how to choose a real estate agent, and home inspection basics. Downloadable guides and worksheets are included and this course is available in English and Spanish.

H.O.P.E. Housing Options & Planning Enterprises, Inc. is a HUD-approved counseling agency that assists with pre-purchase education. This course will help you learn if homeownership is right for you, how to shop for a new home and how to help maintain your home.

Genworth Mortgage Insurance. Genworth offers a self-paced course that will help educate potential homebuyers on the home buying process, how mortgages work, and how to plan for monthly maintenance expenses. This course is mobile friendly and is available in English and Spanish. 

If you prefer an in-person class, there are many options available in Maryland. In Frederick County, in-person programs are provided by the Frederick Community Action Agency, the Hagerstown Home Store, and Cumberland Neighborhood Housing Services, Inc. to name a few. These in-person classes are all HUD-approved and vary in their availability. 

View Available Models