Loan Types & Products for SAFE MLO Exam 🏦

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This video walks you through every major loan type and product you’ll need to know to pass the SAFE Mortgage Loan Originator exam. From conventional to government-backed loans, adjustable-rate to reverse mortgages, we break down what makes each one unique—and how they’re tested on the exam.

🎯 This video helps you:
✅ Understand key differences between loan types
✅ Prepare for tricky SAFE MLO exam questions
✅ Identify product risks and borrower fit
✅ Build confidence in high-weight exam sections

✅ What’s Covered in This Video:
Overview of Loan Categories
0:33 – Definition and Purpose of Mortgage Loan Types
2:13 – Agency vs Non-Agency Loans
3:24 – Conforming vs Non-Conforming Loans
Conventional Loans
4:47 – Eligibility Requirements for Conventional Loans
5:54 – Freddie Mac Guidelines
7:24 – Private Mortgage Insurance (PMI)
FHA Loans
8:53 – Purpose of FHA Loans and HUD Involvement
10:22 – Down Payment and Credit Score Requirements
11:27 – Mortgage Insurance Premium (MIP)
12:47 – FHA Loan Limits and 203(b) Program
VA Loans
14:12 – VA Eligibility and Entitlement
15:35 – VA Funding Fee and Exemptions
16:51 – Loan Limits and Residual Income Guidelines
18:28 – No Down Payment Feature
USDA and Other Government-Backed Loans
19:51 – USDA Loan Eligibility (Income and Property)
21:43 – Guarantee and Direct Loan Programs
23:10 – Benefits and Restrictions of USDA Loans
Loan Product Structures
24:33 – Fixed-Rate Mortgages
25:57 – Adjustable-Rate Mortgages (ARMs)
27:15 – Balloon Loans and Hybrid Loans
28:44 – Interest-Only Loans and Negative Amortization
Nontraditional and Specialty Products
30:27 – Reverse Mortgages (HECM Basics)
31:51 – Subprime and Alt-A Loans
Loan Suitability and Risk Factors
33:10 – Assessing Borrower Needs and Product Fit
34:24 – Loan Risk Based on Structure and Borrower Profile

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📚 Helpful Resources:
✅ NMLS Official Site – https://nationwidelicensingsystem.org
✅ Birdsy AI – Smarter SAFE MLO Exam Prep — https://birdsy.ai

⚠️ Disclaimer:
This content is for educational purposes only. Always confirm test details with your official licensing agency or exam provider. Birdsy cannot guarantee outcomes or be held liable for exam performance.