Homebuyer workshops are popping up around the US - here are 8 things you'd learn

There may be one-on-one options. Most professionals putting on the class welcome more personal questions about the homebuying process, and at HUD-approved counseling agencies, there are typically one-on-one meeting options to go in depth about your own qualifications for homeownership. For some programs, completing the workshop and a one-on-one session is required to be approved for a mortgage- or down payment-assistance program.

"Once the client comes in to schedule a one-on-one interview, we'll address their individual situations, so we'll look at their pay stubs, income tax returns, bank statements and things of that sort to determine how much of a house they can afford to purchase, as well as what grant they would be eligible for," Watkins says.

Closing and beyond. In an overview of homebuying, the natural end seems to be when you close on your home and take possession of the property. But there's so much more to homeownership that can serve as an unpleasant surprise if you're not ready.

In addition to lenders, agents, appraisers, inspectors and more discussing their role in the purchase process, Bharath says a representative from a title and escrow company is typically in attendance, as well as a homeowners insurance representative to discuss coverage once the home is yours.

You may qualify for assistance programs. Lenders often offer or are able to be a part of larger mortgage programs that make it easier for you to purchase a home — whether it's a down payment assistance program, a grant for the purchase price of your home or another form of monetary assistance.

A lender representative is often present in a first-time homebuyer workshop and will help guide you as you search for the mortgage program or low down-payment program that can best help you, but the organization that hosts the seminar may assist as well.

Belair-Edison Neighborhoods Inc., for example, works with homebuyers to apply for the right grants or programs, many of which actually require attendance of a homebuyer boot camp, among other requirements, before you're considered eligible.

House hunting comes after mortgage prep. Securing your financing is certainly a big step, but it's just the beginning — once you're preapproved for a loan, it's time to start house hunting.

At your first-time homebuyer workshop, you'll likely get an overview of how you can begin searching online for available properties, as well as your real estate agent's role in finding houses, touring them and narrowing your options.

Conigliaro Biega says she often includes a housing market report in her course materials, which can help homebuyers narrow the area they're looking to buy in based on affordability and other personal factors the buyer has to weigh, such as commute time, schools and safety.

Your credit history is important. You've probably heard this once or twice already, but a first-time homebuyer class starts with the basics — and the most basic thing you can know about buying a home is that your credit matters when you apply for a mortgage.

Alexandra Conigliaro Biega, a Realtor with Coldwell Banker Residential Services in Boston who also hosts first-time buyer workshops with colleagues, says the stress put on knowing your credit score and available credit leads a lot of workshop attendees to determine whether they can buy now or if it's better to wait and improve their credit.

Preapproval is a must. Beyond your credit, mortgage preapproval is key to both setting a budget and looking good to sellers. Being preapproved means a loan underwriter has examined your financial credentials and, barring any issues with the home's condition or appraised value, confirms you qualify for a certain mortgage amount.

"The first step is to get preapproved – we don't know what to look at without knowing the budget," Diaz says.