Government Guaranteed Loans 101
GCAR Training for Real Estate Agents Sponsored by Maple Tree Funding
Maple Tree Funding’s Scot Prehn will be teaching Government Guaranteed Loans 101, a course covering the various government-guaranteed home loan programs available for home buyers.
This course is worth 3 continuing education credits for real estate agents, and will be offered a number of times throughout the year.
Interested in taking the course? Read on to learn more about it!
Details About Government Guaranteed Loans 101
What Does the Course Cover?
Government Guaranteed Loans 101 is designed to familiarize real estate professionals with the government-guaranteed mortgage programs available to home buyers. It will cover information about the following types of home loans:
- FHA – Home loans insured by the Federal Housing Administration, which are popular among home buyers due to their lower down payment requirements and flexible lending standards.
- USDA – Home loans backed by the US Department of Agriculture, designed to help buyers purchase homes in designated rural areas throughout the United States.
- VA – Home loans guaranteed by the United States Department of Veterans Affairs, intended to help veterans, military members, and their surviving spouses purchase homes.
We will discuss the details and benefits of each program, and go over who is best suited for each type of government mortgage program.
Additionally we will cover:
- Benefits of government loans (FHA/USDA/VA)
- Social benefits
- Financial benefits
- Differences between the programs
- Acceptable ratios
- Down payment requirements
- Mortgage insurance
- Manual underwrites
- Limitations on qualifying
Following the course, participants will be able to identify which of these mortgage products will be able to assist their clients with their home purchases, understand the differences between the programs, and be able to articulate the benefits of the specific programs to their clients.
Who is Teaching Government Guaranteed Loans 101?
Scot Prehn, a Mortgage Loan Originator at Maple Tree Funding, will be the instructor for this course.
When is the GCAR Course Being Offered?
We offer Government Guaranteed Loans 101 a few times per year.
The next session of this continuing education course for realtors will be offered on Tuesday, March 21, 2023 from 9am until noon.
Where is Government Guaranteed Loans 101 Being Offered?
This is an in-person continuing education course that will be held at:
GCAR Training Center
451 New Karner Rd, Albany, NY 12205
What is The Cost of The Course?
The course is free for those who pay GCAR membership dues. For non-members, the course costs $15 per CE credit hour.
How Do I Sign Up for Government Guaranteed Loans 101?
You can register for the course on the Greater Capital Association of Realtors website here.
If you are a local realtor looking for an opportunity for some continuing education, this course is a terrific opportunity. We hope to see you there!
Have additional questions about Government Guaranteed Loans 101? Give us a call today at 518-782-1202 or contact us through our online contact form and we will get back to you with the information you’re looking for.