Ignite FB Tracking PixelThink You're Ready to Buy a Home? - 55+ Community -Founders' Ridge
Think You're Ready to Buy a Home?

by 55+ Community -Founders' Ridge 02/11/2019

Buying a home tops your long-range goals list, but are you ready? As a first-time buyer, you have loads of questions and concerns. After all, a home loan is an obligation for years into the future. You want to make savvy decisions and be comfortable that you’ve negotiated the best deal. On top of that, learning all about credit scores, how to pre-qualify and the difference between pre-qualification and pre-approval. And what are options and closing costs?

Fannie Mae, the Federal National Mortgage Association (FNMA) government-sponsored enterprise (GSE) that serves the mortgage industry, knows what you need to know about buying a house. They’ve put together a course for new homebuyers called HomePath Ready Buyer Education Program.

Enroll now

The online course lets you attend from the comfort of your sofa. After completion, a “graduate” may qualify for assistance up to three percent of the closing cost of purchasing a qualified HomePath property. You won’t end up with an education loan either. Tuition is just $75, and Fannie Mae says it could even reimburse your tuition during closing on your new home. Now that’s a deal!

What you learn

Because the course design has new buyers in mind, you’ll learn to determine how much you can afford to buy and ways to figure out what home is best for you. Making the deal and learning about down-payment options will get you on your way. Finally, you’ll learn to avoid the pitfalls, and all the navigate the paperwork required to close the deal.

How long does it take?

The entire course is nine 30-minute sessions, so along with the quiz at the end (no final exam though), the total class takes about four to five hours. Designed to be intuitive and self-directed, you can work your way through the course over a few evenings, on your lunch hour, or even during your morning commute (provided you’re not the driver, of course!).

How you benefit

In addition to the three percent closing cost assistance and tuition reimbursement, your Certificate of Completion may qualify you up to take advantage of the First Look program. By giving first-time homeowners an exclusive "first look" at newly-listed foreclosed properties, this innovative program serves new home seekers and promotes neighborhood stabilization.

Fannie Mae relies on real estate professionals to follow through on the home-buying process. For more information, express your interest in the HomePath program to your real estate professional.

About the Author

Author
55+ Community -Founders' Ridge

Set on a picturesque hill and centrally located in the desirable Westfield Section of Middletown, Founders’ Ridge is a New 55+ Condominium Community of up to 75 Ranch and Cape Style detached homes.  Named for the Founding Fathers and Mothers of Middletown, each model bears the name of one of our town’s founders – The Allen, The Martin, The Cornwell, and The Whitmore to name a few. 


Attractively priced from $289,900.00, our homes range from approximately 1200 Sq. Ft. to 2250 Sq. Ft.  Our models offer 2 – 4 bedrooms, attached 2 car garages, natural gas heat and AC, city water and sewer and all underground utilities.  Standard features include wood kitchens with granite tops, stainless steel appliances, tiled laundry and baths, hardwood in living areas, paver patios or decks, paved driveways and professional landscaping.
Founders’ Ridge offers a unique agreement with adjacent Ascentria Care’s Luther Ridge, private apartment living for residents age 62+.  Residents of our community have access to meeting and game rooms, and even dining opportunities (for a small fee) all of which are accessed via quiet, peaceful walking trials connecting both communities.


Centrally located on the Connecticut River, the City of Middletown boasts amenities for any lifestyle.  Residents may take advantage of The Institute for Lifelong Learning at Wesleyan University as well as various other university community activities.  The active Middlesex Historical Society offers additional programs such as museum exhibits, walking tours, and re-enactments among its many events.  Wadsworth Mansion offers a summer concert series and our river and parks offer a wonderful opportunity to explore the outdoors.  Also located in the downtown area is Middlesex Hospital, affiliated with the world-renowned Mayo Clinic, Middlesex offers quality medical care and world class technology.  


We would be remiss if we did not mention our thriving Main Street, famous for award winning cuisine at over 30 restaurant locations, and a Downtown Business District boasting over 40 shops for unique purchases and window shopping and a calendar full of events, performances and more.  Don’t forget about the newly opened RJ Julia & Wesleyan Bookstore alive with frequent happenings and book signings by famous authors.  Our community truly offers something for everyone!