VIRTUAL COURSE  
Virtual Registration link and course materials will be emailed closer to the course date.

VA Elective CE: 2 hours (Each course listed below will give one hour of elective continuing education credit)

FHA Mortgages (1 hour)
The class will start with a review of history and origins of FHA. Bring the discuss to current day, we will discuss unique characteristics of FHA mortgages, why a client may choose FHA vs conventional financing, and FHA underwriting (role of the underwriter (automated vs manual), income, assets including down payment assistance, and credit guidelines). Next, we will discuss FHA financing on condos, new construction and recently purchased homes (FHA flip rule).  We will discuss the role of the appraiser in FHA transactions. Finally, we will discuss the FHA addendum/contract requirements.

Understanding the Pre-Approval Process (1 hour)
We know that the best way to work with your client is to understand how much house they can afford. This class we will pull the curtain back into what a mortgage loan officer does to get your client pre-approved for a mortgage and how the process works. The class will discuss the difference between a Pre-Approval and Pre-qualification. In addition, we will discuss the four C’s of underwriting (Capacity, Collateral, Credit and Capital) as to how it relates to the pre-approval process. Finally, we will discuss which question agents (especially listing agents) should ask of mortgage loan officers, when verifying a pre-approval letter.

Cancellation policy applies upon registering for this course.  Cancellation fee is $10.00. No exceptions.