Do I have to pay a fee to take the Homebuyer Education Test?
No, MGIC provides the test at no cost.
Is the test open book?
Yes. Feel free to refer to any of the website
content and materials when taking the test to
help you answer the questions correctly.
What score do I need to pass the test?
You must achieve a score of 80% or greater.
How is the test scored?
You'll answer 20 questions about the topics you've
reviewed on Readynest. If you don't answer
enough of the questions correctly, you will receive
additional questions until you have achieved a
total score of 80%.
Can I begin the test now and complete it
You need to finish the test during the session
you begin taking it. If you exit the test without
completing it, you will need to start over and retake the entire test.
How long does it take to review the content
and complete the Homebuyer Education test?
Most people review the content and complete
the test within 60 minutes, but it may take you a
longer or shorter amount of time. The test is not
timed; however, your web browser could time
out after a few hours of inactivity. If this should
happen, you'll need to retake the entire test from
Can my co-borrower and I take the same test,
or do we have to take separate tests?
You may enter up to 6 borrower names on the
test, and each co-borrower will be listed on the
Certificate of Achievement. However, you'll need
to verify test requirements with your lender to
determine whether you and your co-borrower(s)
should take the same or separate tests.