Being competitive in today’s mortgage environment requires that lenders offer loan programs that meet the unique needs of the borrowers in the communities in which they lend. To do this, many lenders are looking at programs that in the past were categorized as “non-traditional” programs. FHA programs are receiving considerable focus, as they have been taking hold of a significant segment of the market for many years.
Discovering FHA Programs self-study online course will review the benefits and challenges of FHA programs and reviews key characteristics of some of the most common FHA programs. Additionally, the course differentiates between Title I and Title II loans, examines insurable and uninsurable properties and identifies key differences between FHA and conventional loans. Whether you currently offer FHA financing or are exploring it as an option, this course will provide you with information on some of today’s most popular FHA programs and their guidelines.
After completing this course, students will be able to:
• List the benefits and challenges of FHA loans
• Differentiate between Title I and Title II loans
• List insurable and uninsurable properties
• Identify key differences between FHA and conventional loans
• Review key characteristics of some of the more common FHA programs
• Understand how these programs might suit the needs of borrowers
• Recognize common FHA program parameters
• Consult various resources and obtain forms for FHA loan programs