Mechanics of VA Loans offers instruction on VA lending and
what is expected from mortgage loan originators (MLO’s). With a primary focus
on VA underwriting guidelines, qualification parameters, and real world
“structure”, this course reassures its participant’s what is expected from them
by integrating guidelines and parameters. VA intensive will relay the latest updates
and VA communication keeping students informed with the latest changes.
Mechanics of VA Loans covers the background of VA loans, origination basics,
property eligibility, loan limits, actual mortgage transactions, the structure
of VA funding fees, entitlement calculations and more. Additionally, the course
will review borrower specifics, eligibility, and income calculations.
Upon completion of the course, students
will be able to:
Outline the VA home loan eligibility criteria for veterans and
active duty service members
Identify the benefits of VA loans
Review the requirements for a purchase, IRRRL, and a cash-out
Calculate the VA maximum mortgage amount
Calculate both the back-end ratio and the residual income for
Distinguish between eligible and ineligible properties
This purchase shall be deemed effective on the date that the user login is created and shall continue for (60) days, in the case of Individual or Bundle Services. A course extention can be purchased for $59 for an additional (30) days.