Framework has helped over 1.4M+ homebuyers purchase their first homes. Take the homebuyer education course that is HUD-approved and meets Fannie Mae and Freddie Mac homebuyer education requirements. "I am the first person in my family to have bought a home and I was never taught or informed on the process.
The Framework® Homebuyer Ed certificate is accepted by Fannie Mae, Freddie Mac, most lenders, and down payment assistance programs. Meets HUD guidelines and exceeds National Industry Standards for Homeownership Education and Counseling. "I want to buy a house now more than ever and feel like I can do it!"
How long does the course take? Most people complete our online homebuyer course in just 4 to 6 hours. We designed it to allow you to go at your own pace. There are seven lessons, with three to four topics in each.
Automate your maintenance tasks with reminders and get the right checklists to keep your home maintenance projects organized and help with creating and sticking to your new home budget. Framework has helped over 1.4M+ homebuyers purchase their first homes.
4 to 6 hoursMost people complete our online homebuyer course in just 4 to 6 hours. We designed this course to allow you to go at your own pace. There are seven lessons, with three to four topics in each.
Since 2015, Fannie Mae has required borrowers to complete the course through Framework Homeownership, which started in 2012 as a partnership between Housing Partnership Network and Minnesota Homeownership Center. In 2019, Fannie Mae began waiving the $75 fee for Framework's course.
It's totally free and we think you're going to love it!
Framework® Homeownership Education Framework Homeownership Education is the only online homebuyer course designed by experts in online learning. It's comprehensive, so you'll have all the facts you need to navigate every step of the buying process. And you can learn when, where, and how you like.
The classes already mentioned, and many others, are available free and online. Note: To take Fannie Mae's Framework course for free, you must access it through one of the specific links on Fannie Mae's site. Otherwise, you'll be charged a non-refundable $75 fee.
Framework's homebuyer ed course is accepted by most lenders and down-payment assistance programs that require homebuyer education. It meets HUD guidelines and exceeds National Industry Standards for Homeownership Education and Counseling.
The cost of our online homebuyer course is $75 per household (that includes you and a co-borrower). We only charge you once.
Effective for loans closed March 1, 2020 and later, any Fannie Mae Homebuyer Education requirement must be satisfied using the Framework course or HUD-approved counseling, as explained below. Fannie Mae has removed the $75 fee previously charged for the Framework course.
With this update, the sole use of Framework® will no longer be required and Framework will no longer be free. Additionally, Fannie Mae will begin offering their own free proprietary course called Fannie Mae HomeViewTM to meet homeownership education requirements.
The first C is character—the applicant's credit history. The second C is capacity—the applicant's debt-to-income ratio. The third C is capital—the amount of money an applicant has. The fourth C is collateral—an asset that can back or act as security for the loan.
No. This course is not “HUD-approved” as HUD does not approve homeownership education curricula. The course aligns with the National Industry Standards for Homeownership Education and Counseling (pre-purchase content).
Fannie Mae HomeView™ makes it simple to meet the requirement For HomeReady purchase transactions, if all occupying borrowers are first-time homebuyers, then at least one borrower must complete a homeownership education course offered by a qualified provider*, regardless of LTV.
The Framework homebuyer course is the most comprehensive of its kind. It meets HUD guidelines and exceeds National Industry Standards for Homeownership Education and Counseling. What does that mean for you? Our course is accepted by most local and national mortgage products and first-time homebuyer incentives that require education.
Buying a home is a big deal, whether you’re doing it for the first time or getting back into the ever-changing market. When you educate yourself for smart homeownership with Framework, you’ll navigate the entire process with confidence.
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,700 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 33 countries and territories to support customers who conduct business in the global economy. With approximately 262,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
In fact, homeownership is much more widely equated with being a successful adult (more than twice as much) than having children (34%) or getting married (32%).
Framework Homeownership LLC was founded in 2012 by two nonprofit leaders in homeownership – Housing Partnership Network and Minnesota Homeownership Center – both HUD-approved housing counseling intermediaries.
The first plank in our platform for smart homeownership is a state-of-the-art online course that meets the needs and expectations of today’s homebuyers.
Homebuyers and homeowners trust Framework because we’re the social enterprise of two leading national nonprofits whose bottom line is to help build strong communities. And in the end, that's what it's all about: building strong communities through the stabilizing force of homeownership. In other words, making the world a better place.