Homebuyer education explains how the buying process works and will help you to choose the mortgage option that is best for you. You'll also learn about credit and debt management, budgeting, and more.
If you are thinking of buying a home, plan to attend a hoMEworks class in person at one of several convenient locations statewide, or complete your homebuyer education on line. We believe face-to-face homebuyer education is the best opportunity for an interactive learning experience and attending a local class should always be your first choice.
A hoMEworks-approved homebuyer education class is required to receive our $5,000 Advantage towards down payment and closing costs offered only with MaineHousing’s First Home Loan.
- Attend a local class. hoMEworks offers a 8-hour homebuyer education class taught by industry professionals (lenders, home inspectors, real estate agents) in an educational, non-sales oriented environment. The classes are conveniently offered statewide in the evenings and on weekends for a small charge. All classes require advance registration. Certificates of completion (often required for down payment assistance programs) are valid for 2 years. Review the schedule of upcoming classes at www.mainehomeworks.org .
- Learn on line. hoMEworks also has partnered with eHome America to offer a fee-based online certification course. The course takes 8 to 10 hours, and you may stop and start at any time. Short quizzes will verify your understanding of key information. There is a test at the end, which you will need to pass to receive a certificate of completion. Also included is a short telephone session with a hoMEworks Educator who will provide information about local, state and federal homeownership programs available in Maine. Register for the course and select a hoMEworks Educator at http://ehomeamerica.org/ .
If your lender or mortgage assistance program requires that you attend a "HUD approved" home buyer education class, the eHome America online course may not be acceptable. Please check with your lender to find out which classes are allowed.
If you have questions, please call 207-626-4663 and ask for the Homeownership Department, or email .