Final answer:
An agent would refer a potential buyer who wants to obtain an FHA loan to a lender or mortgage broker who specializes in FHA loans. These loans offer more lenient qualification requirements and lower down payment options compared to conventional loans.
Step-by-step explanation:
An agent would refer a potential buyer who wants to obtain an FHA loan to a lender or mortgage broker who specializes in FHA loans. FHA loans are insured by the Federal Housing Administration and are designed to help individuals with lower credit scores or limited savings to become homeowners.
These loans offer more lenient qualification requirements and lower down payment options compared to conventional loans. By working with a knowledgeable lender or mortgage broker, the potential buyer can navigate the FHA loan process and obtain the necessary financing to purchase a home.
Example: The agent may refer the potential buyer to a local bank that offers FHA loans or recommend a mortgage broker who has experience with FHA loans.