First Time Homebuyer Education – Frank Rexford Mortgage Team

When you are a first time homebuyer, you don’t know what you don’t know! And you may be getting conflicting advice from parents. family, friends, and work associates, so it can be hard to know where to start when you want to become well informed about buying a home. Lenders want you to be well informed so you can make good decisions, and many loan programs require that first time home buyers complete a course and provide a certificate of completion.

The good news is that Fannie Mae and Freddie Mac each offer a free and comprehensive first-time homebuyer course that will provide you with the information you need to take the next steps towards homeownership. These courses are interchangeable – so Fannie Mae will accept your Freddie Mac Certificate, and Freddie Mac will accept your Fannie Mae Certificate.

Here are links to the 2 free courses – where you can learn how to save and prepare for your home purchase, work with lenders and real estate professionals, understand the mortgage process, and so much more. Please share a copy of your certificate with us once you have it.

Fannie Mae Homebuyer Education – free course – Homeview

Freddie Mac Homebuyer Education – free course – Credit Smart Homebuyer U

Don’t apply for any new credit until after we have closed your loan, and don’t make any unusual charges on your existing credit. Your loan is being underwritten per your current financial status.
Photographs of documents are NOT acceptable. Originals, scans and faxes are acceptable.
Bank statements must contain your name, your account number, and 30 days of complete activity. We need ALL NUMBERED PAGES of banks statements. Even if any numbered pages are blank.
Please provide your closing attorney information asap so that we can order your title work.
Please provide your homeowner’s insurance agent’s contact info asap so that we can request your insurance documentation and submit it for approval.
Once you have signed your loan application, we will send you a request to pay for your appraisal fee with a credit card.
Please directly contact your closing attorney to obtain wiring instructions for your closing funds – you MUST do this yourself for your own security. No one on my team and no one from Corporate Investors Mortgage Group, Inc. will ever send you wire instructions. If you receive an email from anyone at Corporate Investors Mortgage Group, Inc. providing you with wire instructions, do NOT wire your funds with those instructions and notify me immediately.