Non-Traditional Mortgages

Course Goals

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.

In this course, you'll gain a general overview of the following non-conventional mortgage products:

• Adjustable-rate mortgages (ARMs)
• FHA and VA loans
• The Good Neighbor Next Door program
• The HomeReady® mortgage loan
• The HomeStyle® Renovation loan
• Energy efficient mortgage programs

Course Materials

This course is composed of 3 hours of reading material. The course is divided into six segments with review quizzes at the end of each segment.

At the end of the course a final examination is required. The final examination consists of 15 questions. A test score of 75% or greater is required for course completion. The final examination is not downloadable or printable.

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.