Question

While Homebuyer Education is always required for at least one borrower on HomeReady, it is only required for Home Possible if _____. A. The borrower's credit score is below 650 B. The property is a condominium C. The down payment is less than 10% D. The borrower is a first-time homebuyer

Answer 1

Step-by-step explanation:

The requirement for homebuyer education on Home Possible is if:

D. The borrower is a first-time homebuyer

For Fannie Mae's HomeReady program, homebuyer education is always required for at least one borrower. However, Freddie Mac's Home Possible program typically requires homebuyer education only if the borrower is a first-time homebuyer.