# Real Estate Exam [California] 27, Loan Types and Financing Sources

Page: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-27-loan-types-and-financing-sources
Text version: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-27-loan-types-and-financing-sources.md
Podcast: [Real Estate Exam Prep](https://stenobird.com/podcast/real-estate-exam-prep-7644240)
Published: 2026-07-01T00:21:14+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/f2903cd8-0172-4036-85f3-5db0912d97c6.mp3
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JSON: https://stenobird.com/v1/public/podcasts/real-estate-exam-prep-7644240/episodes/real-estate-exam-california-27-loan-types-and-financing-sources
Duration seconds: 340

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The key differences between conventional loans and government-backed FHA, VA, and USDA loans. - The specific eligibility requirements and benefits of the California-specific CalHFA loan program. - How adjustable-rate mortgages (ARMs) work, including the roles of the index, margin, and rate caps. - The characteristics of specialized loans such as reverse mortgages, interest-only loans, and seller financing, including California's disclosure requirements. - The function of the secondary mortgage market and the roles of institutional lenders, private lenders, Fannie Mae, and Freddie Mac.

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## Transcript

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