HomeReady® typically requires an approved homebuyer education course when LTV exceeds 95%. Learn when it applies and how to get the right certificate.
Is Homebuyer Education Required for HomeReady®? | The 2 Mortgage Guys
HomeReady® typically requires an approved homebuyer education course when LTV exceeds 95%. Learn when it applies and how to get the right certificate.
Is a Homebuyer Education Course Required for HomeReady®?
Education When LTV Is Above 95%
Education Snapshot
How We Handle the Course
Education vs Other Counseling Requirements
Keep Exploring
Frequently Asked Questions
Buying With 3% Down on HomeReady?
Often yes when you put less than 5% down. HomeReady® typically requires an approved homebuyer education course when LTV exceeds 95% — and we get you the right certificate before underwriting asks for it.
HomeReady’s low-down-payment design is powerful — and Fannie Mae pairs many high-LTV HomeReady loans with a homebuyer education requirement so borrowers understand budgeting, credit, and closing obligations.
In practice, if you are buying with about 3% down (LTV above 95%), plan on completing an approved online course and uploading the certificate. If you put 5% or more down, education is often not required for HomeReady itself.
Ryan and Steve flag the requirement at pre-approval, send you an approved provider link, and make sure the certificate lands in the file before clear-to-close — not the week of closing.
A short class should never be the reason your closing slips.
HomeReady education is one checklist item — grants and DPA may add others.
Related guides on HomeReady cash to close, documents, and program fit.
Ryan & Steve will confirm whether education is required and get you an approved course link so the certificate is ready before underwriting.
HomeReady is a registered trademark of Fannie Mae. All loans are subject to credit and property approval. Program guidelines, income limits, and pricing are subject to change without notice and may not be available in all areas. This website is not affiliated with or endorsed by Fannie Mae, HUD, or any government agency. Information is for educational purposes only and is not a commitment to lend.
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