FHA Guidelines, Features and Specialty Loans

18 Oct

FHA Guidelines, Features and Specialty Loans - 10/18/2022

FHA Guidelines, Features and Specialty Loans - 10/18/2022

Tuesday, October 18, 2022 (9:30 AM to 12:30 PM)
3 CE Hours
ECAR, North Franklin, Connecticut

Continuing Education Class - 3 Elective CE Hours/Credits

You're Registered!
This 3-hour elective CE class is broken down into three parts:
What the heck is HECM,  Renovation Loans and  FHA Purchase Money Mortgages

In this course you will learn about:
• Who/What qualifies and for how much? 
• Financial assessment income and credit requirements 
• Use of life estates- POAs conservatorships 
• Non-borrowing spouses 
• Reverse mortgages for purchase 
• Understand what renovation lending is, how it works, and what the industry trends are 
• Qualifications of a typical FHA buyer 
• Acceptable down payment and closing cost sources 
• FHA Underwriting vs. Conventional 
• Understanding FHA Mortgage Insurance 
• What is an FHA Direct Endorsement Underwriter? 
• FHA Appraisal Requirements 
• FHA Property Health and Safety Requirements 
• FHA Requirements for properties serviced by well and/or septic systems 
And More!

106 Route 32
Suite 4
North Franklin, CT 06254

Map & Directions

Charlie Napolitano

Cancellations made by registrants will be accepted and refunds will be granted only if the Association is notified at least 72 business hours before the course is scheduled. Funds are not transferable under any circumstances.

School Policy: Attendance is closely monitored, and 100% attendance is required. Anyone logging on late, signing off early, or taking more than the schedule classroom breaks, runs the risk of losing their CE credit. Refunds will not be permitted either. Refunds will not be issued to no-shows. Funds are not transferable under any circumstances.

About Our Classes: There are specific rules that the CT Real Estate Commission requires us/you to follow to receive credit:
• Have your driver's license available at the beginning of each class so your identity can be verified.
• Please arrive or login to the class approximately 15 minutes early.
• For live-virtual classes (Zoom):
  - Your audio/video must be work properly and on at all times during class
  - You must be present in the Zoom room for the entire session unless on a scheduled break
  - The CT RE Commission Regulators are invited so they can audit the class
  - Even though our live-virtual classes are not taking place in person, you are still in a classroom setting and need to treat it as such. If for any reason you are unable to participate for the entire course (i.e.: you need to drive somewhere, take a phone call, turn your camera off, etc.), you must “leave the meeting” and forfeit your CE credit/money paid for the class.