https://www.onlineed.com/catalog/1996/Non-Traditional-Mortgages
Non-Traditional Mortgages
This 3-hour course is approved by the Arizona DRE under the category of "General Real Estate".
$24.00 | 3 Hours
Non-Traditional Mortgages
Course ID: CE17346
Credit Hours Provided: 3
Category: General Real Estate
This course provides a survey of non-traditional mortgage products. Although real estate agents do not originate mortgage loans, understanding what mortgage products are available to clients will help real estate licensees provide a better client experience. It will also provide awareness of potential difficulties in the real estate transaction when clients opt for non-traditional mortgages.
Course Topic Outline
The modules in this course are:
- Adjustable Rate Mortgages
- Fair Housing Administration (FHA) Loans
- Veterans Administration (VA) Loan Program
- The Good Neighbor Next Door Program
- Fannie Mae's HomeReady® Mortgage Program
- Fannie Mae's HomeStyle® Renovation Loan
- Energy Efficient Mortgage Programs
This online course contains five modules of text, with a quiz at the end of each chapter. Students must pass the end-of-module quiz with a score of 100% before accessing the next module in the course. There is a 25-question final exam at the end of the course that requires an 80% or higher passing score.
All materials are included in the cost of the course. Students only need a computer or mobile device with an internet connection. Students are responsible for hardware and/or device costs and internet service charges.
The course includes a time-out function. If students are not engaged in the course for more than 15 minutes, the course will log students out. Students can log back into the course to start back where they last left off.
Learning Objectives
At the end of this course, students will be able to
- Describe types of loans that have fluctuating interest rates.
- Explain what a cap rate is.
- Identify the features of a Federal Housing Administration insured loan.
- Describe the benefits of a U.S. Department of Veterans Affairs guaranteed home loan.
- Identify the professions that may qualify for the GNND loan program.
- Describe advantages to the HomeReady® loan product compared to the FHA loan programs.
- Outline various energy conservation loan programs offered by the Federal Government.
- Outline the steps necessary for a HomeStyle® Renovation loan, from beginning to final inspection.
- Compare the HSR loan to the FHA's 203(k), Streamlined 203(k), and Energy Efficient Mortgage.
Refund Policy
No refunds are available for this course. Cancellation requires no notification and students may discontinue the course at any time.
OnlineEd may honor post-sale rebate requests for differences in product pricing due to promotions or coupons only if the request is made within 3 business days of purchase. OnlineEd will not honor rebate requests for any products after 3 business days of purchase and will not price-match any competitor's products after a purchase is completed
This course will remain available to students for 365 days after enrollment.
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Key Features
Online Course
Includes Video
Printable Certificate
Package Summary
| Price: | $24.00 (USD) |
|---|---|
| Credit Hours: | 3 |
| State: | Arizona |
| Category: | Vocational Training > Real Estate > Continuing Education > Arizona > General Real Estate |
| Purpose: | This 3-hour course is approved by the Arizona DRE under the category of "General Real Estate" |
Course Provider
OnlineEd
14355 SW ALLEN BLVD STE 240,
Portland, OR 97223
(503) 670-9278
mail@onlineed.com
Enrollment Agreement
Purchase of this package requires that you read and acknowledge an Enrollment Agreement before receiving credit for any courses contained in this package. Please review the following:
Our Mission Statement
To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.