Finance
What is 'homebuyer counseling' and when is it required in Delaware?
ACounseling about the emotional stress of homebuying; always optional
BEducation and counseling services provided to potential homebuyers about the purchase process, financing, and budgeting; required for certain programs like FHA and DSHA programs✓ Correct
CRequired by the Delaware Real Estate Commission for all first-time buyers
DA mandatory course required for all homebuyers in Delaware since 2015
Explanation
Homebuyer counseling provides education on the purchase process, mortgage types, budgeting, and homeownership responsibilities. It is required for some loan programs (FHA, USDA, most down payment assistance programs) and is highly recommended for all first-time buyers.
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