AMI — VA Loan Intensive
Live-Instructor Led Learning

VA guidelines are modified continuously. The AMI 4-hour VA Intensive is right for those who are new to VA loan origination; those in need of a refresher and those currently working with VA loans needing to keep abreast of changing guidelines. The VA Intensive addresses underwriting guidelines, qualifications and all the essentials of working effectively with VA loan products.

The following is included: origination basics; property eligibility; mortgage transactions; funding fees for first and subsequent use; determining basic and bonus entitlements and marketing programs. Borrower specifics including borrower eligibility; qualifying the borrower and calculating residual income will be reviewed and examined thoroughly.

Upon completion of the VA Loan Intensive attendees will be able to:
  • Outline VA home loan eligibility criteria for veterans & active duty service members.
  • Identify the benefits of VA Loans.
  • Review the requirements for a purchase, IRRRL and a cash-out refinance transaction.
  • Calculate the VA maximum mortgage amount.
  • Calculate both the back-end ratio and residual income for qualification.
  • Distinguish between eligible and ineligible properties. Determine if applicant and property meet FHA eligibility requirements.
  • Calculate maximum FHA Loan limits, qualifying ratios, up-front & annual/monthly MIP.
  • Appropriately match clients with FHA programs.
  • Successfully originate:

 

Individual Course Fee: $147.00
Corporate Course Fee: Call for pricing

For corporate client groups of ten attendees or more this 4-hour course is offered with morning, afternoon, evening and weekend schedules options either in our Cherry Hill, New Jersey classrooms or at our clients place of business. The corporate fee structure is dependent on the total number of attendees to be trained and the choice of training location.

 

Call 800.264.0958 to speak with an AMI advisor today.
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