Homebuyer Education and Counseling Requirements for the Downpayment Plus® Programs

2018 Downpayment Plus Programs

All homebuyers accessing the 2018 Downpayment Plus Program or Downpayment Plus Advantage® Program are required to complete pre-purchase homebuyer education. Education must be delivered by a provider that has adopted the education component of the National Industry Standards for Homeownership Education and Counseling (NIS) or by an online provider approved by the Federal Home Loan Bank of Chicago (FHLBank Chicago).

2019 Downpayment Plus Programs

All homebuyers accessing the 2019 Downpayment Plus Program or Downpayment Plus Advantage Program are required to complete both pre-purchase homebuyer education and counseling. Education must be delivered by a provider that has adopted the education component of the NIS or by an online provider approved by the FHLBank Chicago. Counseling must be delivered by a provider that has adopted the counseling component of the NIS.

These requirements are designed to prepare borrowers to successfully navigate the homebuying process. In selecting a provider, it is important to also consider the pre-purchase education and counseling requirements, if any, of the first mortgage lender.

To access an option, select the corresponding image below. 

A Local Organization

StdrdsLogo_SealWithTag_purple&blue_CMYK_300dpi

The NIS are a set of guidelines for quality homeownership education and counseling services. Homebuyers seeking a traditional classroom experience may find an organization in their community that has adopted the education component (2018 program) or both the education and counseling components (2019 program) of the NIS through their online search engine.

 

eHome America

eHomeLogo

eHome America is an online homebuyer education provider approved by the FHLBank Chicago. To meet the pre-purchase homebuyer education requirement (2018 program), homebuyers may complete the online education Homebuyer Express course for $50. To meet the pre-purchase homebuyer education and counseling requirement (2019 program), homebuyers may complete the online education course for $99 in addition to mandatory counseling with an eHome America partner that has adopted the counseling component of the NIS; an additional cost may apply.

 

Framework

fw_logo_FHLBC_site_160w

Framework is an online homebuyer education provider approved by the FHLBank Chicago. To meet the pre-purchase homebuyer education requirement (2018 program), homebuyers may complete the online education course for $75. To meet the pre-purchase homebuyer education and counseling requirement (2019 program), homebuyers may complete the same education course for $75 in addition to mandatory counseling with a Framework partner that has adopted the counseling component of the NIS; an additional cost may apply.