Specific Program Guidelines: FHA, VA, USDA
Course Description
The program guidelines for non-conventional loans, including loans offered through the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), and the United States Department of Agriculture (USDA), vary depending on the type of loan. For example, the FHA requires borrowers to make a 3.5% down payment, while the VA requires a funding fee.
15 Minutes
Series: Lending Compliance for Banks, Lending Compliance for Credit Unions
Roles: Commercial, Compliance - Internal Audit, Mortgage Professionals, Operations & IT, Retail
Course Format: Online Self-Paced
Package: Breakthrough, Expansion
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