Where should an agent refer a potential buyer who wants to obtain an FHA loan?

Referring a potential buyer to a local lending institution for an FHA loan is appropriate because these institutions are equipped to provide the specific financing options, guidelines, and resources related to FHA loans. Local lenders often have experience with government-backed loan programs and can efficiently guide the buyer through the application process, requirements, and any necessary documentation.

Lending institutions can offer personalized service, help determine eligibility, and inform the buyer about the terms of the FHA loans, such as down payment requirements and mortgage insurance. Their expertise makes them the ideal contact for buyers interested in FHA financing.

In contrast, while a financial advisor can provide general financial guidance, they may not specialize in the specifics of mortgage lending. A real estate attorney focuses on legal aspects of transactions but may not have in-depth knowledge about loan processes. A title company usually handles property title services and related matters, making them less relevant for lending needs. Thus, the local lending institution is the best referral for a buyer seeking an FHA loan.