RC_LP_U_311.3 Underwriting Government Loans
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| Option | Price |
| Member | $50.00 |
| Non-Member | $100.00 |
The government mortgage market significantly influences the conventional mortgage landscape. While interest rates for government-backed loans are sometimes slightly higher than those for conventional or conforming loans, they offer more flexible qualification standards—making them a good option for borrowers with less-than-perfect credit.
Government programs are especially helpful for first-time homebuyers, often requiring lower down payments. The Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA) provide mortgage options for qualified borrowers and US military veterans. Additionally, the U.S. Department of Agriculture (USDA) offers financing for eligible homebuyers in rural and underserved areas.Underwriting Government Loans will review the history, features, advantages, and drawbacks of government loans. It is important to note that not all mortgage companies or banks offer government financing due to guideline requirements. Also, banks and brokers must be approved to offer these products.
This is a single-family/residential course.
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Seat time approximately 2 hours.
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