SECTION 1 INTRODUCTION TO Act LOAN ORIGINATION

SECTION 2 THE PRINCIPLES OF ORIGINATING FHA LOANS

SECTION 2-1 ABOUT THE FEDERAL HOUSING ADMINISTRATION

SECTION 2-2 ADVANTAGES OF AN FHA LOAN

SECTION 2-3 WHO IS ELIGIBLE FOR AN FHA LOAN

SECTION 2-4 FHA MORTGAGE LIMITS FOR SINGLE FAMILY 1-4 UNIT PROPERTIES

SECTION 2-5 TYPES OF PROPERTIES ELIGIBLE FOR AN FHA LOAN

SECTION 2-6 MOST TYPICAL FHA Funding FOR PURCHASE TRANSsS

SECTION 2-7 MORTGAGE TYPES OFFERED UNDER FHA

SECTION 2-8 COSTS OF FHA MORTGAGE INSURANCE AND Calculative MIP REFUNDS

SECTION 2-9 Calculative THE DOWN PAYMENT FOR AN FHA
PURCHASE

SECTION 2-10 ALLOWABLE CLOSING Price THAT MAY BE Enclosed IN ACQUISITION

SECTION 2-11 DOCUMENTS TO BE OBTAINED AT APPLICATION

SECTION 2-12 WHAT FHA CONSIDERS TO BE ACCEPTABLE INCOME

SECTION 2-13 FHA COMPENSATING FACTORS

SECTION 2-14 QUALIFYING RATIOS AND CALCULATIONS FOR FHA INSURED MORTGAGES

SECTION 2-15 ANALYZING A BORROWERS CREDIT FOR AN FHA MORTGAGE

SECTION 2-16 FHA ACCEPTABLE DOWN PAYMENT FUNDS


SECTION 3 THE PRINCIPLES OF ORIGINATING FHA
Finance LOANS

SECTION 3-1 FHA Contour Finance WITHOUT AN APPRAISAL

SECTION 3-2 FHA Contour WITH AN APPRAISAL

SECTION 3-3 FHA NO CASH OUT Finance (NON STREAMLINE)

SECTION 3-4 FHA CASH OUT Finance (NON STREAMLINE)

SECTION 4 THE PRINCIPLES OF ORIGINATING VA LOANS

SECTION 4-1 ABOUT VA MORTGAGES

SECTION 4-2 ADVANTAGES OF VA Bonded MORTGAGES

SECTION 4-3 WHO IS ELIGIBLE FOR A VA LOAN

SECTION 4-4 VA MORTGAGE LIMITS AND ENTITLEMENT

SECTION 4-5 TYPES OF PROPERTIES ELIGIBLE FOR A VA LOAN

SECTION 4-6 MOST TYPICAL VA LOANS FOR PURCHASE AND OCCUPANCY REQUIREMENTS

SECTION 4-7 MORTGAGE TYPES OFFERED UNDER VA

SECTION 4-8 COSTS OF A VA MORTGAGE (FUNDING FEE)

SECTION 4-9 THE VA DOWN PAYMENT

SECTION 4-10 VA ALLOWABLE CLOSING COSTS

SECTION 4-11 DOCUMENTS TO BE OBTAINED AT APPLICATION

SECTION 4-12 WHAT VA CONSIDERS TO BE ACCEPTABLE INCOME

SECTION 4-13 VA COMPENSATING FACTORS

SECTION 4-14 VA Magnitude relation AND RESIDUAL QUALIFYING CALCULATIONS

SECTION 4-15 ANALYZING A BORROWERS CREDIT FOR A VA MORTGAGE

SECTION 5 THE PRINCIPLES OF ORIGINATING VA Finance LOANS

SECTION 5-1 VA INTEREST RATE REDUCTION Finance LOAN (IRRRL)

SECTION 5-2 VA CASH OUT REFINANCE

 

SECTION 6 THE PRINCIPLES OF ORIGINATING CONVENTIONAL Conformist LOANS

SECTION 6-1 ABOUT CONVENTIONAL Conformist MORTGAGES

SECTION 6-2 WHO IS ELIGIBLE FOR A CONVENTIONAL Conformist LOAN

SECTION 6-3 CONVENTIONAL Conformist MORTGAGE LIMITS 1-4 UNIT PROPERTIES

SECTION 6-4 TYPES OF PROPERTIES ELIGIBLE FOR A CONVENTIONAL Conformist LOAN

SECTION 6-5 CONVENTIONAL Conformist Funding FOR PURCHASES

SECTION 6-6 Calculative THE DOWN PAYMENT

SECTION 6-7 ACCEPTABLE FUNDS FOR DOWN PAYMENT AND CLOSING Price

SECTION 6-8 COSTS OF CONVENTIONAL Conformist PRIVATE MORTGAGE INSURANCE

SECTION 6-9 DOCUMENTS TO BE OBTAINED AT APPLICATION

SECTION 6-10 ACCEPTABLE INCOME

SECTION 6-11 ANALYZING A BORROWERS CREDIT

SECTION 6-12 QUALIFYING RATIOS AND CALCULATIONS FOR CONVENTIONAL Conformist MORTGAGES

SECTION 6-13 CONVENTIONAL Conformist COMPENSATING FACTORS

SECTION 6-14 TYPES OF CONVENTIONAL Conformist MORTGAGE PRODUCTS


SECTION 7 THE PRINCIPLES OF ORIGINATING CONVENTIONAL Conformist Finance LOANS

SECTION 7-1 CONVENTIONAL Conformist RATE & TERM REDUCTION Finance LOANS

SECTION 7-2 CONVENTIONAL Conformist CASH OUT REFINANCE
LOANS

SECTION 7-3 CONVENTIONAL Conformist Contour LOANS

SECTION 8 LOAN ORIGINATION FEES AND UNDERSTANDING RATE SHEETS

SECTION 8-1 LOAN ORIGINATION FEES

SECTION 8-2 UNDERSTANDING RATE SHEETS

SECTION 8-3 LOCKING A RATE

SECTION 9 Crucial CLOSING Price AND THE BREAK DOWN OF THE Nice FAITH ESTIMATE

SECTION 10 THE UNIFORM Act LOAN APPLICATION (URLA 1003)

SECTION 10-1 COMPLETING THE APPLICATION

SECTION 11 ORIGINATING A PURCHASE TRANSs

SECTION 11-1 STEP BY STEP PURCHASE TRANSs

SECTION 12 ORIGINATING A Finance TRANSs

SECTION 12-1 STEP BY STEP Finance TRANSs

GLOSSARY OF MORTGAGE TERMS

INCLUDES: A FREE LIST LIST OF LENDERS AND BROKERS THAT HIRE House BASED LOAN BROKERS

INCLUDES: HOW TO GET STARTED Once YOUR FINISHED