Call Us 1-800-727-7104
Call Us 1-800-727-7104

Real Estate Finance | Texas Approval #451


30 Hour | Text Course | Instructor:  Kaplan University
More than 70% of all real estate transactions are financed.  This course gives you the foundation to understand the true nature and cycle of real estate finance, where the money comes from, and how your clients can access it, as well as the basics of real estate finance programs such as FHA, VA, and nonconventional loans.

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Texas Real Estate Finance



Course Description

Love makes the world go around, but money pays for the ride! More than 70% of all real estate transactions are financed, and the days of "easy" money and loose qualifying standards are gone. What used to be a slam dunk is now often a quagmire of complexity. This course gives you the foundation to understand the true nature and cycle of real estate finance, where the money comes from, and how your clients can access it.

Speaking the language of finance can be half the battle. In this course, you not only will learn the terms and instruments of finance but also understand the basics of real estate finance programs, such as FHA, VA, and nonconventional loans and their available options. Explore what role you, the mortgage originator, the appraiser, and other interested parties play in your client's finance dance through examples and engaging activities.

You will learn how your client's loan is processed, prepared for closing, and successfully closed. In addition, loan default and mortgage foreclosure are discussed. Don't hesitate. Enroll today, because no career in real estate is secure without a comprehensive understanding of real estate finance.

Topics Include:

  • The Nature and Cycle of Real Estate Finance
  • Money and the Monetary System
  • The Secondary Mortgage Market
  • Sources of Funds: Institutional, Noninstitutional, and Other Lenders
  • Instruments of Real Estate Finance
  • Real Estate Financing Programs
  • FHA-Insured Loans
  • VA-Guaranteed Loans
  • Processing Real Estate Loans
  • Closing Real Estate Loans
  • Defaults and Foreclosures

1. The Nature & Cycle of Real Estate Finance

  • The Nature of Real Estate Finance
  • Mortgage Lending Activities
  • Real Estate Cycles
  • Impact of the Economy
  • Information Resources

2. Money & the Monetary System

  • What is Money & The Federal 
  • Instruments of Credit Policy
  • The U.S. Treasury & U.S. Mint
  • The Federal Deposit Insurance Corp (FDIC)
  • The Federal Home Loan Bank (FHLB) System
  • Information Resources

3. Additional Government Influence

  • U.S. Dept. of Housing & Urban Development (HUD)
  • Significant Federal Legislation (CRA, TILA, RESPA, SAFE, APA, Dodd-Frank)
  • State & Local Programs (incl. TDHCA)
  • Agricultural Lending
  • Review of Loan Estimate
  • Review of Closing Statement

4. The Second Mortgage Market

  • Major Participants in the Secondary Market
  • The Government Sponsored Enterprises (GSEs incl: FNMA, FHLMC, GNMA, FHLB, Farmer Mac)
  • Real Estate Mortgage Investment Conduits (REMICs)

5. Sources of Funds

  • Commercial Banks
  • Life Insurance Companies
  • Pension & Retirement Programs
  • Credit Unions
  • Mortgage Brokers & Bankers
  • Real Estate Trusts (REIT, REMT)
  • Real Estate Bonds
  • Private Lenders (ie: sellers, individuals, gifts)
  • Foreign Lenders

6. Instruments of Real Estate Finance

  • Encumbrances & Liens
  • The Note & Deed of Trust (Trust Deed)
  • The Note & Mortgage
  • Contract for Deed (Land Contract)
  • Subordinate Finance Instruments
  • Special Provisions in Mortgage Lending Instruments
  • Review of Promissory Note Form
  • Review of Trust Form

7. Loan Types, Terms & Issues

  • Interest
  • Types of Loans
  • Private Mortgage Insurance
  • Refinancing Existing Conventional Loans
  • Subprime & Predatory Lending
  • Participation Agreements
  • Tax Impacts in Mortgage Lending
  • Review of Fixed/Adjustable Rate Note
  • Mortgage Fraud (ie: red flags)
  • PITI Workshop – Conventional

8. Government Loans

  • Federal Housing Administration (FHA)
  • FHA – Insured Loan Program
  • Underwriting Guidelines
  • Most Frequently Used FHA Loans
  • Direct Endorsement
  • FHA Contributions to Real Estate Finance
  • VA Loan Guarantee Program 
  • Additional VA Loan Programs
  • FHA Case Study/Workshop
  • VA Case Study/Workshop

9. Lender Loan Processes

  • Qualifying the Borrower
  • Qualifying the Collateral
  • Review of Sample Credit Report
  • Review of Uniform Residential Loan Application
  • Review of Request for Verification of Deposit
  • Review of Request for Verification of Employment
  • Review of Uniform Residential Appraisal Report
  • Required Lender Notices
  • Qualifying the Title
  • Review of the Title Commitment
  • Lender Closing Costs
  • Case Study/Workshop

10. Default & Foreclosures

  • Defaults
  • Adjustments & Modifications
  • Types of Foreclosures
  • Deficiency Judgements
  • Tax Impacts of Foreclosure


Course instructors will be available by email or telephone between 8am and 6pm Eastern Standard Time. They will assist you with questions regarding course content.

If you have any questions, please call us at 1-800-727-7104 or send an email to Email responses will usually be returned promptly, but guaranteed within one business day.

Student policies and procedures are always available by going to our website and scrolling to the bottom of the page (See Attendance, Privacy and Refund Policy).

335,692 Courses Taken
The course was very informative and well put together. I’ve taken many classes and this was one of the better online courses I’ve taken. I truly enjoyed it!
Dominic Coloutes from Florida