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Frequently Asked Questions

Does readynest meet lender's homebuyer education requirements?

MGIC designed Readynest to take you through key homeownership topics step-by-step, so you can feel more confident throughout the homebuying process. Are you taking this test to meet your lender’s homebuyer education requirements? Our free program doesn’t meet requirements for all loan programs, so we don’t want you to waste your time!

Does home possible® meet Freddie Mac homebuyer education requirements?

*Please note, while our program meets Freddie Mac Home Possible® homebuyer education requirements, it doesn’t meet requirements for Fannie Mae HomeReady® or HFA Preferred®. HomeReady® and HFA Preferred® are registered trademarks of Fannie Mae. Home Possible® is a registered service mark of Freddie Mac.

What is a homebuyer education program?

Homebuyer education programs help build better borrowers by preparing them for the homebuying process. Some loan programs require homebuyer education. If you are a borrower, consult with your lender to make sure you fulfill your homebuyer education requirements with an approved program.

Do I need a homebuyer education code?

If you were NOT sent by a lender, you don’t need the Homebuyer Education Code to register or take the test. Note: Please check with your lender to determine if each borrower needs to take the test individually. I don’t have a Homebuyer Education Code. You only have to answer 16 questions correctly to receive your Certificate of Achievement.


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