Congress, researchers, and practitioners in the field of housing counseling have asked whether homebuyer education and counseling for first-time borrowers are effective in expanding access to homeownership and improving borrower outcomes, such as improved credit scores and reduced mortgage delinquencies. HUD designed a large-scale, rigorous, randomized experiment – called the HUD First Time Homebuyer Education and Counseling Demonstration – to evaluate the effectiveness of offering free, voluntary, homebuyer education and counseling services to a large random sample of prospective first-time homebuyers.
Impact analyses of administrative and survey data at every phase of the Demonstration detail outcomes of interest on prospective first-time homebuyers throughout the homebuying process, participation rate analyses, subgroup analyses, and a comparison of remote (online education plus telephone counseling) and in-person (group education and in-person individual counseling) services.
Timeline of the HUD First-Time Homebuyer Education and Counseling Demonstration
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- Study Overview (FAQs)
- Study Participant Consent Statement
- The First-Time Homebuyer Education and Counseling Demonstration: Early Insights
- The First-Time Homebuyer Education and Counseling Demonstration: Baseline Report
- Who Participates in Homebuyer Education and Counseling Services and Why? Insights From HUD’s First-Time Homebuyer Education and Counseling Demonstration
- Short-Term Impact Report: The HUD First-Time Homebuyer Education and Counseling Demonstration, Preliminary Findings
- Long-Term Impact Report: The HUD First-Time Homebuyer Education and Counseling Demonstration
- Exploring the Impact of Homebuyer Education and Counseling on Debt, Savings, and Nonhousing Wealth
- At-A-Glance Six-Year Findings from HUD's First-Time Homebuyer Education & Counseling Demonstration