homebuyer education: transition and costs

• Borrowers choosing to take a CHFA- approved online course will have until October 31, 2022, to utilize the coupon code allowing the course to be taken at no charge. A class must only be started, not completed, by this date.
• Any borrower beginning a CHFA-approved online course on or after November 1, 2022, will be required to pay a $75 fee.

• Borrowers should take a course early in the homebuying process! Help your borrowers find a CHFA-approved class, by directing them to CHFA’s interactive homebuyer education search tool.
• In-person and live webinar classes will continue to be free. Certificates for these types of classes are available upon completion of the course or by no later than the next business day.
• All borrowers must complete a course and present a valid homebuyer education certificate to their lender. For borrowers taking an online course, to receive their certificate, a follow-up call with the CHFA-approved homebuyer education provider they signed up with is required.
  • Borrowers must work directly with the CHFA-approved homebuyer education provider to schedule the follow-up call.
  • Borrowers should schedule this call promptly to avoid potential closing delays.
• All borrowers must take the course independently from each other. They are not required to utilize the same CHFA-approved homebuyer education provider or use the same option, i.e., in-person versus online.