Change Lending and Framework Homeownership Launch CDFI-Compliant Course for Future Homebuyers

Change Lending and Framework®  Homeownership are proud to announce the launch of the Change Lending’s Future Homebuyer Course, an innovative educational program designed to provide Americans with the essential knowledge to pursue their dreams of homeownership safely and responsibly. The course empowers users to make informed decisions as they progress on their path toward homeownership.

The Change Lending’s Future Homebuyer Course has been designed to meet the United States Department of the Treasury Community Development Financial Institution’s (CDFI) Fund’s new rules relating to the provision of community development services online, including that the program be interactive, structured, well developed, and able to measure the knowledge gained by its users.  The Change Lending’s Future Homebuyer Course prepares potential homeowners for homeownership and helps them gain the knowledge necessary to safely and responsibly access home mortgage financing in the future. The Change Lending’s Future Homebuyer Course is FREE for potential homeowners who seek to qualify for Change Lending’s mortgage loans.

Recent survey findings from Framework revealed that 63% of homebuyers who completed the course at the time of their home purchase wished they had accessed this valuable information earlier in their homebuying journey. In response, Change Lending and Framework partnered to develop the Change Lending’s Future Homebuyer Course, offering insights on creditworthiness, financial preparedness, and alternative mortgage options. By equipping users with this information earlier – whether they are ready to buy now or not – Change Lending and Frameworks aim to significantly increase the value and impact for future homebuyers.

The Change Lending’s Future Homebuyer Course marks a transformative approach to how potential homeowners consider credit, renting, and homeownership and aims to equip them with the financial literacy necessary to make informed choices long before they embark on their homebuying journey.

Key Features of the Change Lending’s Future Homebuyer Course:

1. Self-Paced Learning: Participants can access a range of educational modules, and interactive content at their convenience, allowing them to learn at their own pace.
2. Comprehensive Education: The course covers crucial topics such as budgeting, credit management, and understanding the mortgage process, providing future homeowners with the necessary knowledge and skills for successful homeownership.
3. Interactive Tools: Framework’s platform features interactive tools, including quizzes and practical exercises to enhance the learning experience and ensure a thorough understanding of key concepts.

“Homeownership has the power to transform lives, but the path to getting there can be overwhelming without the right guidance,” said Thedora Nickel, Executive Director of Change Lending. “This partnership between Change Lending and Framework provides people with the tools and knowledge they need to confidently take that first step toward owning a home.”

Change Lending’s collaboration with Framework Homeownership reflects a shared dedication to delivering high-quality educational resources to all future homebuyers. The program is a key part of Change Lending’s mission to ensure that underserved and underbanked Americans have the knowledge necessary to pursue homeownership as part of their American Dream, whether they are ready to buy now or in the future.

About Framework

Framework set a mission to actively reduce the homeownership gap through building tech-enabled homebuyer education and ongoing homeownership support courses, tools, and resources. Our digital homeownership platform is used by over 150 partners and has helped over 1.5 million first-time homebuyers and homeowners across the country start and grow in their homeownership journey. Join us at www.frameworkhomeownership.org.

About Change Lending

Change Lending seeks to expand homeownership by providing credit-worthy loans to prime, underbanked borrowers. Change Lending is a CDFI certified by the United States Department of the Treasury’s CDFI Fund and focuses its lending on  Black, Latino, Vietnamese, Filipino, Disabled, and low-income borrowers and low-income communities.

For more information and to sign-up, visit Future Homebuyer Program.