VHDA has offered our free Homeownership Education class in a classroom setting since 1996, and began making it available online in 2007. Now, to make the online option even more convenient, consumers no longer have to call our contact center to register. They can register, and take the class, when it best suits their schedules. They can also work at their own pace, completing the class in one sitting or breaking it up over several days.
While online classes are a convenient choice for many, some first-time homebuyer loan programs—such as SPARC (Sponsoring Partnerships and Revitalizing Communities) and NSP (Neighborhood Stabilization Program)—require classroom training. Classroom training offers the added benefits of interactive discussion with industry experts who can answer questions and help participants create a spending plan. We recommend that homebuyers contact the organization offering the loan program they are interested in to determine the specific education requirements.
In calendar year 2008 VHDA’s Homeownership Education program served 7,199 students online.