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National · Financing & Lending — free study notes for the real estate licensing exam.
🏦 Financing & LendingCONVENTIONAL: not government-backed; <20% down usually needs PMI. FHA: insured by the FHA, low down payment (~3.5%), mortgage insurance required. VA: guaranteed by the VA for eligible veterans, often 0% down, no PMI. USDA: for rural/eligible areas, can be 0% down. Government programs INSURE or GUARANTEE loans made by approved lenders — they don't usually lend directly.
Yes. Financing & Lending is a scored domain on the real estate licensing exam, and this topic appears in the national portion.
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