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Homebuyer Education

8 Hour - Homebuyer Education Class

Overview

CHFA offers eight-hour homebuyer education courses free-of-charge to prospective homebuyers and CHFA loan applicants year-round through its HUD-approved, participating counseling agencies located across the state.

The eight-hour course is open to specific CHFA loan applicants and anyone interested in learning about the path to homeownership.  The course includes instruction in the financial and practical aspects of buying and maintaining a home as well as individual financial and credit counseling sessions.  The class is offered on week day evenings and Saturdays to accommodate diverse schedules.

 

What topics are covered in this class?

CHFA’s eight-hour homebuyer education class provides detailed coverage of the technical, financial and practical aspects involved in buying a home, applying for a mortgage and maintaining a home.  The curriculum reviews the sometimes complex trail of documentation that accompanies a home purchase from the offer to the closing.    For first-time homebuyers unfamiliar with the ongoing costs and requirements of homeownership, this class also assists them in planning a budget and a home maintenance schedule.  In addition to the curriculum on the home buying process, the eight-hour class also offers individualized financial credit and counseling sessions.


 

Who is allowed to participate?

The eight-hour class is also open to anyone in the community who is interested in learning about the process of purchasing a home.  Classes are also provided in Spanish.   

Please note:  The eight-hour class is required for loan applicants of the Section 8 Housing Choice Voucher Homeownership Program.  Applicants of the Urban Rehabilitation Homeownership Program are also required to participate in the counseling portion of this course. 


 

Who teaches this class?  

Over ten CHFA/HUD-approved counseling agencies conduct the homebuyer education classes and counseling services on behalf of CHFA.  These non-profit agencies are staffed by counseling professionals who are trained in the CHFA loan programs.  


 

Where and when are the classes held?  

Homebuyer education classes are offered at a variety of locations across the state and at different times each month.  To accommodate diverse schedules, they are usually offered as four two-hour classes on week day evenings and two four-hour classes on Saturdays.


 

How do you register for this class?

Prospective homebuyers and CHFA loan applicants can register in person or by telephone for an eight-hour homebuyer education course at one of the CHFA participating counseling agencies.

CHFA loan applicants will be provided with reservation numbers by their CHFA-approved Participating Lender.   Applicants who complete the class will be provided with a certificate to verify that they have satisfied the education requirement of the CHFA program.  Participants who are still considering purchasing a home may use the certificate for up to 12 months should they choose to apply for a CHFA home loan within that timeframe.  


 

How much does this class cost?  

This class is provided free-of-charge to all eligible CHFA loan applicants and any prospective homebuyers in the community.


 

Questions? Contact a CHFA counseling agency.

Your CHFA-approved lender can provide you with information about the homebuyer education requirement and refer you to an agency near you.  Or, you may contact a counseling agency directly to obtain more detailed information.

If you still have questions, please contact CHFA:

Name:     Single Family Counseling
Phone:     (860) 571-4396
Fax:(860) 257-7955
Email:counseling@chfa.org

Mailing Address:
Connecticut Housing Finance Authority
Attn: Single Family Counseling
999 West Street
Rocky Hill, Connecticut 06067


 

Class Schedule

Download the file below to view a schedule of upcoming classes. 

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8-Hour Homebuyer Education Class Schedule - 3rd Quarter 2014
This chart list the 3rd Quarter schedule for the 8-Hour Homebuyer Education classes. These classes are available to prospective homebuyers.
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