Discovering FHA Programs
Re-versioned: August 2014
This course material provides the participant with an overview of the Federal Housing Administration and the Department of Housing and Urban Development’s role in providing mortgage insurance on a variety of lending programs. The course begins with a brief discussion of FHA and basic lending parameters. Prior to discussing specific FHA programs, the course examines basics such as eligibility requirements, maximum loan amounts, occupancy requirements and mortgage insurance premiums provides the participant with a solid foundation for working with FHA programs.
Audience: Loan Processors, Underwriters, Loan Originators.
Learning Objectives: After completing this course, students will be able to:
- List the benefits and challenges of FHA loans
- Differentiate between Title l and Title ll 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
- Locate and use related websites and resources
The Residential Lending course curriculum was developed by AllRegs®, your source for fast, reliable answers.