Idaho Nontraditional and Alternative Finance

There are mortgage programs for nearly every borrower and lenders who specialize in providing those loans. This course describes the current standard loan called a traditional mortgage and then discusses the various nontraditional loan products and alternative (creative) financing that are available to borrowers. Many borrowers will qualify for and obtain a conventional mortgage to close the transaction. However, some borrowers and even the type of property may not qualify for traditional financing.
This course provides a review of traditional mortgages and discusses nontraditional conventional, FHA, and VA mortgages. Additionally, it describes various types of alternative financing products.
It is intended to enhance the knowledge and effectiveness of real estate licensees and is approved for 3 hours of continuing education.