Buying your first home can be a very exciting time in your life. But it can also be a confusing and often stressful time, too. After all, you're about to make one of the biggest purchases you'll ever make, and there are countless questions that a first-time homebuyer should be asking, such as: Am I paying too much for the house? Is my interest rate too high? Is it a safe neighborhood? Is it a good school system? How much are the property taxes? Is the house structurally-sound? Our courses help you understand the entire process.
FHA, Down Payment Counseling, High Risk and In-Person Counseling
Cambridge offers First-Time Homebuyer counseling for borrowers that have had experienced credit challenges in the past as well as borrowers who may be applying for down-payment assistance. The counseling includes one-on-one financial wellness assessment component added to the required completion of a First-Time Homebuyer course.
Cambridge offers the eHome America course which is based on the NeighborWorks America's Realizing the American Dream curriculum and meets the National Industry Standards for homebuyer education. This course may be utilized toward programs that require the 8-hour HUD/USDA, as well as down payment assistance programs that require certification.
Another course that Cambridge is authorized to administer the Framework Homeownership Course. This course is required by Fannie Mae's Homepath ReadyBuyer Program and qualifies as the homebuyer education requirement for most local and national mortgage loan products and first-time homebuyer incentives with an educational requirement.
Cambridge offers the E-Home America course Post Purchase Homeowner Education. This course is designed to help new homeowners understand the importance of budgeting, credit, insurances, and other factors that make for successful home-ownership.
The course is fully automated, however at any time while completing the course you are encouraged to contact a Homebuyer Counselor with any questions, feedback or concerns. The cost of the course is $50.00 and upon successful course conclusion you will be able to print the certificate verifying completion.
Cambridge’s offers one-on-one landlord training courses to provide the education necessary to be a knowledgeable and responsible landlord. All the necessary course materials will be provided to you upon registration. Course completion will require a one-on-one in-person or over the phone appointment for certification.
Note: Cambridge can only offer landlord education for residents of Massachusetts.