Residential Finance 101

Oregon Topic: Real Estate Finance

Most buyers don't fully understand how home financing works, and many agents feel the same way, though they'd never admit it. This course changes that. Residential Finance 101 covers the fundamentals of home lending from the ground up: loan types, qualification criteria, interest rates, and the journey from pre-approval to closing. The more you understand about how your clients are financing their purchase, the better you can serve them — and the smoother your transactions will go.

What You'll Learn:

•     Types of residential mortgage loans — conventional, FHA, VA, USDA, jumbo

•     How lenders evaluate borrower qualifications: credit, income, debt-to-income

•     Fixed vs. adjustable rate mortgages — pros, cons, and when each makes sense

•     The mortgage process from application to closing

•     The role of the loan officer and how brokers and lenders work together

•     Common financing contingencies and how they affect your transaction

Oregon Course #: 0524