Buying your first home is an exciting milestone, but it can also feel overwhelming. From mortgage types and credit scores to inspections and escrows, the home buying process comes with a steep learning curve.
That’s where first-time home buyer classes come in. These courses are designed to educate and empower you, equipping you with the tools you need to make confident, informed decisions.
What's in this article?
In this guide, we’ll explore what these classes offer, why they matter and where to find one that fits your needs.
Why take a first-time home buyer class?
Before diving into where to find classes, it helps to understand the benefits:
- Boost your financial literacy: Learn how credit scores, debt-to-income ratios and loan options affect your mortgage.
- Understand the buying process: Get step-by-step guidance on making an offer, getting an inspection and closing the deal.
- Qualify for assistance: Many down payment assistance programs and lenders require or at least incentivize completion of a certified buyer education course.
- Ask questions in a safe space: Classes provide access to experts who can answer your questions without sales pressure.
- Gain long-term confidence: These classes can prepare you for not only purchasing your first home but also for managing homeownership responsibilities afterward.
Ready To Take Your Next Step?
What do first-time buyer classes cover?
Most classes cover a standard curriculum, including:
- Budgeting and credit enhancement
- Choosing the right mortgage (FHA, VA, USDA, conventional)
- Working with real estate agents and lenders
- Home inspections and appraisals
- Closing costs and the closing process
- Homeownership responsibilities
Some even go beyond the basics, offering tips on:
- Understanding homeowner’s insurance
- Estimating utility and maintenance costs
- Navigating property taxes and escrow accounts
- Planning for future home improvements and renovations
Where to find first-time home buyer classes
Here are some of the most reliable places to find classes tailored to first-time buyers:
1. Local housing authorities and HUD-approved agencies
The U.S. Department of Housing and Urban Development (HUD) maintains a list of approved housing counseling agencies that offer certified homebuyer education classes.
These programs are often free or low-cost and meet the criteria for many assistance programs.
2. Nonprofits and community organizations
Organizations like NeighborWorks America and local Community Development Financial Institutions (CDFIs) offer in-person and online courses.
These classes are usually led by certified counselors who can also provide one-on-one financial coaching.
3. Mortgage lenders and credit unions
Compass Mortgage is among the lenders that host educational workshops and webinars to help first-time buyers better understand financing options.
These sessions often include information on specific loan programs, such as FHA, VA or USDA loans, and they may be tailored to your local market.
Educational opportunities through lenders may also include:
- Tips on improving credit to secure better rates
- How to determine what you can afford
- Local market trends and how they affect your buying power
Our Get Committed® program allows you to get a fully vetted loan commitment and lock in your interest rate even before making an offer. That’s one less thing to worry about during this exciting new chapter of your life.
4. Online homebuyer education platforms
If your schedule is tight, consider self-paced online options.
Platforms like eHome America, Framework, and Freddie Mac’s CreditSmart offer HUD-approved courses online.
Many lenders and assistance programs accept these and allow you to learn at your own pace.
5. Real estate agent referrals
Experienced real estate agents often partner with lenders and housing counselors to host local workshops.
Even if they don’t offer classes themselves, they can point you to trusted resources in your area.
Real estate pros may also provide insider tips like:
- Neighborhood comparisons based on schools and amenities
- How to navigate competitive offers
- What red flags to watch for during showings
What to look for in a class
Not all classes are created equal.
Here are some features to consider, depending on your needs and goals:
- Certification: Make sure the class is HUD-approved or recognized by lenders and state programs.
- Cost: Many quality classes are free or low-cost. Be wary of expensive programs that don’t offer added value.
- Format: Choose between in-person, virtual or self-paced online classes based on your learning style.
- Support: Look for programs that offer access to counselors or advisors who can help beyond the classroom.
- Reputation: Check for reviews or testimonials to gauge the experiences of past attendees.
- Language and accessibility: Look for programs offered in your preferred language and in accessible formats.
First-time buyer support from Compass Mortgage
First-time buyers have a lot to consider, but you don’t have to figure it out alone.
At Compass Mortgage, we believe in treating you like family and guiding you every step of the homebuying process. From budgeting to closing, our team is here to make your journey smoother.
We offer a full suite of loan options, including conventional, FHA and VA, plus expert guidance.
Our educational videos, handbooks and one-on-one service make the journey approachable and rewarding.
With Compass’s Get Committed® program, you can:
- Compete with cash buyers using a fully underwritten loan commitment
- Lock in your interest rate before finding a home
- Avoid delays and surprises during closing
- Close in as little as 15 days
As you begin this exciting new chapter of your life, having a firm loan commitment and a locked-in interest rate means you have less to worry about!
Take the next step in your home buying process
Ready to get started on your homeownership journey?
Take a first-time buyer class that sets you up for success—and work with a lender that combines education with exceptional service.
Apply with Compass Mortgage today or call us at (877) 932-8221 to speak with one of our knowledgeable and helpful loan officers.