April 22, 2025
•
10:00 am
-
3:00 pm
IBMC Office, 8901 Northpark Drive, Johnston
The overview is: Helping Your First-Time Homebuyers Prepare to Purchase a Home training provides in depth information relevant to first-time homebuyers. We will discuss common industry “myths,” homebuyer education, products geared specifically toward first-time homebuyers and downpayment assistance programs available for your borrowers. Lastly, we will discuss post-closing and servicing considerations.
In this training you will learn:
- Borrower credit requirements including non-traditional credit
- Importance of being pre-qualified
- Down payment requirements
- Mortgage loan cycle
- Products geared towards first-time homebuyers
- IFA FirstHome
- Conventional AMI+ First-Time Homebuyer
- HomeReady®
- Down Payment Assistance Options
- IFA
- HomeReady®
- Home$tart
- Post-Close Considerations:
- IBMC servicing overview
- Payment shock on new construction
- Homestead credit
- Abstract safekeeping
- Annual escrow analysis
Who should attend: Loan Officers
Lunch will be served.