And there seems to be good reason for this requirement as discovered in results of a study I read about today:
"CDCLI has announced the results of new research on the effectiveness of NeighborWorks pre-purchase housing counseling and education that shows that homebuyers who received such advice were one-third less likely to fall behind on their mortgages 90 days or more, two years after taking out the loan, compared to homebuyers who didn’t receive similar counseling and education.
The research was done for NeighborWorks America, a national nonprofit affiliated with CDCLI, by Neil Mayer and Associates and Experian, and is based on approximately 75,000 mortgage loans
Here is the link to NeighborWorks which will explain about an online Home Buyer Education Program: NeighborWorks
Here is the link to take you directly to the online Home Buyer Education Program:
Register for online home buyer education
I can help with any questions you may have about home buyer education courses, Grant Money, First Time Home Buyer mortgage financing programs (Utah Housing Finance Program), FHA, VA or Conventional financing options.