Special discounts are available for groups, corporate accounts and students taking multiple courses. To learn more, call us toll-free at: 1-877-211-4523

Real Estate Finance New

Course Description

APPROVED FOR:

  • 3 HOURS CE CREDIT

Course Description:
This course provides an introduction to residential real estate finance, including information on the underwriting process for FHA, VA, FNMA & FHLMC loans. In this course the student will learn the basics of the different types of loans available and the advantages and disadvantages of each; loan applications; appraisals; escrow; titles; and credit reports, including qualifying for loan amounts and verifying income and assets. The student will also learn how to calculate loan amounts, estimate monthly payments from property taxes, hazard and mortgage insurance, qualifying ratios and income.

LEARNING OBJECTIVES:

  • Understand the basic concepts of real estate financing, and the key terms involved
  • Know how to qualify a buyer for the most common types of loans
  • Be familiar with the use and function of escrow accounts
  • Know what a Mortgage Insurance Premium is
  • Know the underwriting guidelines and process
  • Be familiar with the three most common types of loans: Conventional, FHA and VA
  • Know the advantages and disadvantages of conventional loans
  • Know how to use conventional qualifying ratios
  • Know the advantages and disadvantages of FHA loans
  • Know about the differing FHA qualification ratios
  • Know the advantages and disadvantages of VA loans
  • Be familiar with VA eligibility and qualification periods
  • Be able to calculate the amount of VA entitlement used
  • Be able to calculate VA loan amounts and required down payments
  • Know the process and qualifications for assuming VA and FHA loans
  • Be familiar with other types of loans available
  • Know how to underwrite and close loans

TOPICS COVERED:

  • INTRODUCTION
  • Lesson 1: Introduction
  • Lesson 2: Conventional Loans
  • Lesson 3: FHA Loans
  • Lesson 4: VA Loans
  • Lesson 5: The Nuts and Bolts
  • Lesson 6: Case Studies

REGULATORY REQUIREMENT:
Please see the state/regulatory requirement from the course catalog page.

SEAT TIME:
This course has been approved for 3 hours.

COURSE PRE – REQUISITE:
N/A.

TESTING:
Quizzes – All quizzes must be taken to proceed forward to the next lesson.
Final Exam – You will be required to take a final exam.

COURSE COMPLETION:
After a student completes an online course, they are supposed to print a copy of the “Certification Statement” and the “Correspondence Course Evaluation”. We need one copy of the Certification Statement and one Correspondence Course Evaluation for each course completed. This can be mailed or faxed to us at the school. Here at the school we are notified that the student passed the course. We mail a completion certificate to the student “AFTER” we receive the Certification Statement & Evaluation forms. We can also fax their certificate to them if they request it. We do have a little problem with students not faxing or mailing the forms to us. If the student cannot print the forms we can fax or mail forms to them to complete. We do not send any completion certificates to the MREC.

ABOUT THE SUBJECT MATTER EXPERT:

This course is created and brought to you by 360Training, a leading provider of accredited e – learning courses to working professionals through today’s leading schools, associations and corporations. 360Training’s high quality e – learning courses assist thousands of working professionals each month in a wide range of disciplines to succeed in today’s marketplace, renew licenses, acquire certification or prepare for a new profession.

This course was created by the instructional design staff of 360Training in connection with field professionals that bring many years of experience in adult educational theory and distance learning technology to make the process of certification, compliance and training as convenient, engaging, and cost – effective as possible.

If you have any requests for technical or instructional support, please contact the 360Training Support Department located in the HELP section of your account profile. Technical support inquiries are handled immediately and instructional support questions are returned within 24 business hours with answers provided by a qualified professional in your field through our network of subject matter experts.

PRICE:

$35

Credit Card Logos
We accept all major credit cards

Features & Benefits

Unlimited Access

Learn what you want at your own pace and on your own schedule.

Comprehensive Catalog

Over 6,000 online compliance training courses, assessments, and exams.

Multimedia Content

Interactive multimedia courses with instant grading and timely reporting.

Expert Instructors

Learn from top experts who are passionate about their field.

Group Discounts

Get great discounts and save with group enrollment.

24x7 Support

24-hour support for any online course via phone, email or live chat.

Trusted by professionals

We are committed to ensuring a better online learning experience for our students. See why thousands of people chose Online Institute of America to satisfy their online training requirements.



Overall, I think the coursework is great. Everything is explained in simple English and the voiceover is wonderful.

— Lori A. Leonard, IBM


Catherine was terrific and answered all of my questions with great professionalism. Great Job!

— Elizabeth D, Student


Needed assistance getting into my account and Kris set me up. Fast helpful service! Thank you.

— Brian T, Kraft Canada

Read more reviews from our students

Have a question about our online training programs?