Financing第 71 / 120 题
A conventional loan is one that is:
a.Insured by the FHA
b.Guaranteed by the VA
c.Funded by the Cal-Vet program
d.Not insured or guaranteed by a government agency
解析
A conventional loan is not backed by a government insurance or guarantee program such as FHA or VA. Lenders may require private mortgage insurance if the down payment is less than 20 percent. Conventional financing is the most common type of mortgage.
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同考点相关题目
- An FHA loan is best described as a loan that is:
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- The California Cal-Vet home loan program is unusual because the state:
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