Non-Traditional Mortgages

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.

The mortgage programs covered in this course are:

1. Adjustable Rate Mortgages
2. Fair Housing Administration (FHA) Loans
3. Veterans Administration (VA) Loan Program
4. The Good Neighbor Next Door Program
5. Fannie Mae's HomeReady® Mortgage Program
6. Fannie Mae's HomeStyle® Renovation Loan
7. Energy Efficient Mortgage Programs

Course Materials

This is an online mastery-based Rhode Island real estate license course. It contains segments that include reading, video, questions, quizzes, and a final exam. Students are expected to progress through all activities to make course progress.

Completion of the course requires passing a final examination of 15 multiple choice questions with a minimum score of 75%. Students that fail a final exam may retake the final exam as many times as needed to pass.

This nontraditional mortgage products course will take about 3 clock hours to complete.

Refunds

Refunds for this course are subject to the refund policy set forth in OnlineEd's terms of service.

Prerequisites

This course has no prerequisites.

Assistance

For sign language or CART services for the deaf and hard of hearing, please contact OnlineEd school director Chris Culbertson (schooldirector@onlineed.com), or call 503-670-9278.