FinanceCâu 76 / 120
A loan that is insured by the Federal Housing Administration is called a(n):
a.VA loan
b.Conventional loan
c.Jumbo loan
d.FHA loan
Giải thích
An FHA loan is insured by the Federal Housing Administration and typically allows lower down payments and more flexible qualifying. A VA loan is guaranteed by the Department of Veterans Affairs for eligible service members.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- In an amortized loan, the early payments are applied:
- The four components commonly abbreviated as 'PITI' in a monthly housing payment are:
- Private mortgage insurance (PMI) on a conventional loan is generally required when the borrower's down payment is:
- A key benefit of a VA-guaranteed loan for eligible veterans is that it:
- In an adjustable-rate mortgage (ARM), the interest rate is periodically adjusted based on a specified:
- Discount points paid to a lender at closing are typically used to:
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