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Frequently Asked Questions

How do I take the homebuyer education test?

You’ve gone through the Homebuyer Education material and you’re ready to take the test. Your next step is to register. If you were sent to Homebuyer Education by a lender, be sure to have your lender’s 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.

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.

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.


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