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 $99. 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.

  • The Consumer Federation of America (CFA) is an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.

  • Since 2007, the Homeownership Preservation Foundation (HPF) has served as a trusted, neutral source of information for more than eight million homeowners. They are partnered with, and endorsed by, numerous major government agencies, including the U.S. Department of Housing and Urban Development and the Department of the Treasury.

  • The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.

  • The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.

  • The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.