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FHA Training Course

HUD’s Federal Housing Administration (FHA) recently approved the new FHA Secure plan for millions of homeowners who face the potential of home loss due to interest rate adjustments of sub-prime loans. This new program will open the flood gates for new loans!

If you aren’t currently doing FHA loans or need a refresher on how to originate and process FHA loans, come to the Financial Strategies FHA Training Course.

The course is designed to acquaint the loan originator with FHA rules and guidelines so that the originator can effectively serve consumers who may qualify for FHA loans along with distinguishing which borrowers are not good candidates for FHA loans.

This course will cover:

  • How to implement the new FHA Secure plan for maximum profits!
  • Qualifying the borrower:
    • Acceptable income source
    • AUS total scorecard and underwriting
    • Down payment requirements and acceptable sources
    • Addressing collections, judgments, late payments, alternative credit, CCC, and bankruptcy
  • Programs
  • Forms and disclosures, including time frames
  • Appraisals and inspections
  • FAQ’s
  • Upcoming changes
  • How to obtain FHA approval
  • And MUCH More

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