Which of the following is generally excluded from creative financing?

FHA 203(b) loans are primarily traditional financing options insured by the Federal Housing Administration and are specifically designed to help buyers purchase single-family homes through low down payments and higher leverage. These loans are not typically categorized as "creative financing" because they adhere to conventional standards, guidelines, and qualifications set by the FHA.

Creative financing often involves alternative methods that allow buyers and sellers to structure deals that may not fit into the traditional lending framework. This can include adjustable-rate mortgages, seller financing arrangements, and lease-option agreements, which provide flexibility and are tailored to meet the needs of both parties in a transaction. These methods often involve negotiations and unique terms that would not typically qualify under conventional lending rules, making them part of creative financing practices.

In contrast, FHA 203(b) loans maintain strict eligibility criteria and are part of a regulated program, emphasizing standard lending practices rather than the innovative approaches associated with creative financing.