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Homebuyer Education
As of July 29, 2019, all applicants for APCHA ownership properties will be required to take an APCHA-approved Homebuyer education course and will need to provide a certificate of completion with their qualification packet. Households who need to re-qualify will also need to complete a Homebuyer Education Course if they had not previously taken a course, and regardless of whether they currently own. Bids will not be accepted if your packet has been expired and you haven't taken the class yet. Most classes are 4 to 5 hours long.
Courses
There are 3 Housing and Urban Development (HUD)-approved online courses to choose from that APCHA accepts. You only need to take one course out of the three.
- Framework Homebuyer Education
- Denver Housing Authority (DHA) through eHomeAmerica*
- CHFA (Colorado Housing Finance Authority), also through eHomeAmerica*
- CHFA also offers a Homebuyer education class in Spanish
APCHA requires only one certificate of completion per household, so all members of the household are not required to take the class. *Please be aware that the eHomeAmerica courses have a 30-minute phone interview after completing the online class that you have to schedule in the future, before a certificate of completion is provided.
Fees
There is a $75 fee for the online Homebuyer Education course.
HUD-approved course
Many lenders also require their buyers to take a HUD-approved course as part of their lending approval. Therefore, check with your lender first, to learn what courses may be required.
HOA Education Meetings
In collaboration with Molly Foley-Healy, APCHA has put on education meetings for HOA's and participants within the APCHA housing system. Check out the latest one HERE Version Options Homebuyer Education Headline HOA Education Meetings HOA Education Meetings