Freddie Mac has launched a new, comprehensive homeownership education course called CreditSmart Homebuyer U – a free, online resource for consumers who want to learn more about the home purchase and homeownership process.
CreditSmart Homebuyer U offers six educational modules, each focused on a key learning principle relating to money management, credit, getting a mortgage, the home buying process and preserving homeownership.
“Becoming a homeowner is an important responsibility and Freddie Mac is committed to providing the tools and resources to ensure a successful path toward sustainable homeownership,” says Danny Gardner, senior vice president, single-family affordable lending and access to credit, at Freddie Mac, in a release. “The goal of this exceptional program is to empower those who are pursuing the dream of homeownership with knowledge to make informed, responsible decisions.”
The new online education program is the latest addition to the Freddie Mac’s CreditSmart “suite” of financial and homeownership education curricula that have been in place for the last 18 years.
In a recent Freddie Mac survey, 65% of Generation Z (Gen Z) consumers (ages 14-23) report that they are not confident in their knowledge of the mortgage process.
“This survey data also reveals that while members of Gen Z clearly aspire to homeownership, an education program like CreditSmart Homebuyer U is needed and can make a positive impact not only on today’s aspiring homeowners, but on future generations as well,” Gardner adds.