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! Be sure to consult with your lender to make sure you fulfill your homebuyer education requirements with an approved program. Note that while our free test meets homebuyer education requirements for Freddie Mac, it does not fulfill requirements for Fannie Mae. These instructions are for homebuyers looking to purchase a single-family home. If you are planning on purchasing a 2- to 4-unit home for rental, go to the Landlord Test.
Other homebuyer education programs
MGIC is proud to partner with Finally Home!® to provide homebuyer education. Finally Home! exceeds the National Industry Standards for Homeownership Education and Counseling, is provided by a HUD-approved housing counseling agency and meets education requirements for many loan programs. The maximum Finally Home! program fee is $70 but may be as low as $0 based on a borrower’s income.