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HOME/Home Buyer Education

Description: The overall objective of this program is for potential homebuyers to develop the skills necessary to select and finance a home.

Map/schedule: missourifamilies.org/learningopps/learnhousing/homemap.htm

Curriculum/program overview: The homebuyer education class explains the home-buying process to prospective homeowners, especially first time home-buyers. Topics include: financial preparedness, renting vs. owning, how much house you can afford, working with professionals to find an ideal home, home maintenance and energy management, buyer assistance programs, mortgages, closing costs and homeowners insurance. This program was developed for ITV presentation with the help of Community Infrastructure Focus Teams. The overall objective of this program is to develop the skills necessary for potential homebuyers to select and finance a home. In addition, by meeting educational requirements for some grants and loans, the course removes some of the economic barriers to homeownership for low- to moderate-income participants.

In order to be eligible for Community Commitment mortgages, first-time home buyers must participate in eight hours of home buyer education conducted by a nonprofit organization that has educators with a minimum of 5 years of family financial education experience and a strong supporting academic background. Experienced University of Missouri Extension Family Financial Education specialists are well positioned to deliver this training.

Contact person: Jeff Barber, Andrew Zumwalt & Graham McCaulley

Evaluation tool: extension.missouri.edu/hes/evaluation/evaluationforms.htm

Sample report: Home Buyer Education Program Impact Template

Suggested fee range: $60-$75, State base fee: $10

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