Homebuyer FAQs

Is there a fee for homebuyer counseling?

There are actually a variety of homebuyer counseling options available, depending on whether or not the counseling is a requirement of a loan program. The fee for any counseling that is NOT a requirement of a loan program is $149. Your counselor will advise you of any fees before counseling begins.  

There are fees for online homebuyer education courses. MMI currently offers a self-guided education course for $35, as well courses from Framework, which is $75, and eHome America, which is $99.

Do you offer down payment assistance?

MMI as an organization does not offer down payment assistance. However, we do routinely seek grant funding to support such programs and location-specific financial assistance programs may be available in your area. Consult with your counselor to see if programs are available in your area at this time.

Do you offer loans?

No. MMI is not a lender. Completing a counseling session does not qualify you for a loan, though it may fulfill certain requirements of a loan program.

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    MMI is a longstanding member of the National Foundation for Credit Counseling® (NFCC®), the nation’s largest nonprofit financial counseling organization. Founded in 1951, the NFCC’s mission is to promote financially responsible behavior and help member organizations like MMI deliver the highest-quality financial education and counseling services.