I wouldn't send them wandering online....

I would have my mortgage person contact them and give them the proper direction....and stay in touch with them.... keep it close to you!!

Don't refer them to anyone - YOU teach them! Share your knowlegde and help them prepare for their first home purchase.

Jason, I would be sending the kidlets DIRECTLY to the LENDER of choice to work with them on credit. Our 'golden boys' locally will stick with us and our clients (not always kids) to get them in financial shape for preapproval. 

Jason,

Why not just sit and talk to them like friends.  Why pull out the authority figures?

There are millions of sources for this, start with a trusted lender.

I suggest you google the topic and select some articles to send to them.

A good lender is where I would send them. 

Follow the advice of Barbara Todaro. She has you covered. 

I direct you to Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi who not only has a love of this subject but of the people involved too...

I can listen, ask questions, ccontinue to listen carefully, ask more questions.  If I think it is the next logical step a conversation with a mortgage professional will determine if now is the right time to purchase or how that plan should proceed.  This is a strategy that can work regardless of age. 

Great question Jason Nenadov but if neither of them know by now that alone is pretty scary. 

Barbara Todaro gave you an answer 

Get no more than 3 low limit credit cards and always pay them in full and on time.  Pretty simple.

Refer them to your trusted local mortgage loan officer for advice.

Whenever I encounter someone that is just starting out, regardless of age. I send them to the HUD.gov website. Not sales pitches, easy to understand.

https://www.hud.gov/i_want_to/buy_a_home

lots of places to go for great info. Credit Karma has good things for future fico building. There are many LO's that can help also.

I would not send them online. They can start with a credit builder card from their own bank. Even one with a $500 limit. Buy what you already buy, gas or groceries. Pay it off every month all but say $50. It will build credit without putting you in debt

I realize a lot of the younger generation want to watch "how to" videos and then "just do it". And, there may be some good advice out there. However, repairing your credit or saving for a down payment is a personalized process. I'd start with your best lender who offers direction. Sometimes the lender can help and other times they may need to refer them to a credit repair agency. They could get advice for saving for a downpayment from the lender or a financial adviser. Perhaps you can offer monthly seminars. Either way, stay involved in the process. Videos can get them off track and unfocused. 

Start having a first-time buyer clinic at the office with your lender and sometimes an attorney. The lender will often bring food and the attorney will offer their office for a venue away from the office that might get more attendee's.

I'd have my preferred lender talk with them about what they need to know, where their credit currently is, and where they need to get to.

Or maybe it will be a co-signer?

Best thing it to have them choose a loan officer / lender that they plan to stick with, and ask the loan officer for guideance on improving scores. You can probably give them the basics, like pay bills on time, don't open new accounts unless laon officer ok's it, don't buy anything on credit before closing, beware of credit repair advertisements, reduce debt if needed, check with HUD.gov for approved housing counselors( many are non-profit), keep credit card balances less than 50% of total debt, don't co-sign,  etc.

Refer them to a local, reputable. experienced mortgage person who will relay pertinent information in person. That is what I do to first timers Jason.

I usually refer them to my lender, he is good at holding hands and helping buyers get ready to buy a home.

I would hook them up with my preferred lender and let the lender guide them. I would rather have them guided by a pro than send then off with no oversight. 

Introduce them to a good lender. They can work with them to buy now or later

I just had a young couple buy a home. The were 21 and 20 years old

It was entirely gratifying to help these 2 young people buy their first home!  Happy Days!

While there are many great resources to be found online, Jason Nenadov ... and they will give solid basic information regarding credit building/repair and more, nothing can replace the individualized information and attention gained by talking with an experienced mortgage lender.  They are assured of getting the detailed personal individualized information and advice they need to get on-track for homebuying.  It also affords them the opportunity to ask questions and have real dialogue regarding those things they find most confusing or troubling about their own finances/credit.  

As far as some websites/online info, please introduce them to  www.annualcreditreport.com ... as it gains them access to their free credit report, provides them vital info, and is a great place to start their home buying journey.

Best of Luck!

Gene

Start with my blog today!

What Barbara Todaro said.