Fha mortgage insurance Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Fha mortgage insurance? On this page you'll find 1565 study documents about Fha mortgage insurance.
Page 3 out of 1.565 results
Sort by
-
Gold Coast Chapter 13:questions with correct answers 100%
- Exam (elaborations) • 39 pages • 2024
-
Available in package deal
-
- $19.99
- + learn more
Gold Coast Chapter 13:questions with correct answers 100%Although there are a number of different methods for repaying a loan, there are only 3 types of mortgages: - correct answer FHA insured; 
 
VA guaranteed; 
 
And conventional. 
 
FHA insured mortgage loans: - correct answer The Federal Housing Administration (FHA) is a part of the U.S Department of Housing and Urban Development (HUD). ***The FHA DOES NOT make loans. Instead, it insures loans made by approved local lenders. The loan is fu...
-
Champions Real Estate Finance Exam Review (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| A Grade
- Exam (elaborations) • 52 pages • 2024
-
Available in package deal
-
- $10.99
- + learn more
Champions Real Estate Finance Exam 
Review (New 2024/ 2025 Update) Questions 
and Verified Answers| 100% Correct| A 
Grade 
 
QUESTION 
HUD 
established as a cabinent dept by Dept of Housing & Urban Development Act 
 
 
 
QUESTION 
 HUD was created in ____________________. 
 
 
Answer: 
1965 
 
 
 
QUESTION 
 FHA (Federal Housing Administration) 
 
 
Answer: 
provides mortgage insurance on loans made by approved lenders throughout U.S. 
 
 
 
QUESTION 
 Community Development Block (CDBG...
-
HECM Practice Exam 2023 Questions and Answers
- Exam (elaborations) • 17 pages • 2023
-
- $10.09
- 1x sold
- + learn more
The HECM Saver was introduced as an option to lower the upfront cost of a HECM by reducing the upfront mortgage insurance premium to: 
a. 0. 
b. 0.01% of the Maximum Claim Amount. 
c. 1% of the Maximum Claim Amount. 
d. 1.25% of the Maximum Claim Amount. - ANSWER-b 
 
If repairs are required but can be completed after closing, the lender will create a repair set-aside in the amount of: 
a. 15% of the maximum claim amount. 
b. 100% of the actual cost of repairs. 
c. 100% of the estimated cost of...
-
Rockwell Ch.10 Quiz – Latest Update Graded A+
- Exam (elaborations) • 16 pages • 2024
-
Available in package deal
-
- $9.99
- + learn more
Rockwell Ch.10 Quiz – Latest Update 
 
Graded A+ 
 
A buyer obtains a conventional loan for $180,000. The sales price of the property is $200,000. 
This could be considered a/an: 
 
a. 80% loan 
 
b. 90% loan 
 
c. 95% loan 
 
d. non-conforming loan b. 90% loan 
 
Explanation: The loan-to-value ratio of the loan is 90% ($180,000 / $200,000 = 0.9). 
 
A buyer obtains an 90% institutional loan for $180,000 toward the purchase of a $200,000 house. 
The buyer does not have the necessary $20,000 fo...
-
Real Estate Finance I-CHAMPIONS Exam | 60 Questions and Answers.
- Exam (elaborations) • 15 pages • 2024
-
- $12.99
- + learn more
Real Estate Finance I-CHAMPIONS Exam | 60 Questions and Answers. 
The minimum downpayment on a VA loan is: 
 
(a) 2% of the sales price 
 
(b) 0% of the sales price 
 
(c) 3.75% of the sales price 
 
(d) 1% of the sales price - Answer- B 
_________ is the process of creating a new mortgage loan. 
 
(a) Origination 
 
(b) Funding 
 
(c) Underwriting 
 
(d) Servicing 
* - Answer- A 
A veteran can have more than one VA loan: 
 
(a) If the prior VA loan was paid in full and the property disposed of ...
Too much month left at the end of the money?
-
California Real Estate Exam Multiple Choice Questions | 100% Correct Answers | Verified | Latest 2024 Version
- Exam (elaborations) • 180 pages • 2024
- Available in package deal
-
- $16.49
- + learn more
An appraiser's definition of "Value" would be: 
a. present worth of all rights to future benefits arising out of ownership. 
b. the ability of one commodity to command other commodities in exchange. c. relationship between 
the thing desired and the potential purchaser. 
d. all of the above. - d. all of the above. 
These are elements of value. 
Which of the following abbreviations is associated with the FHA? 
a. NAR 
b. CPM 
c. MIP/MMI 
d. MBA - c. MIP/MMI 
MIP - Mortgage Insurance Premium/Mu...
-
HUD Housing Counselor Certification Practice (HUD Knowledge Assessment) with Complete Solutions
- Exam (elaborations) • 27 pages • 2024
-
Available in package deal
-
- $12.99
- + learn more
HUD Housing Counselor Certification Practice (HUD Knowledge Assessment) with Complete Solutions 
 
HUD Housing Counselor Certification Practice (HUD Knowledge Assessment) with Complete Solutions 
 
HUD Housing Counselor Certification Practice (HUD Knowledge Assessment) with Complete Solutions 
 
 
What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - ANSWER-50% 
 
Which is the maximum recommended housing ratio for renting an apartm...
-
Real Estate Finance I-CHAMPIONS Exam | 60 Questions and Answers.
- Exam (elaborations) • 15 pages • 2024
-
- $12.99
- + learn more
Real Estate Finance I-CHAMPIONS Exam | 60 Questions and Answers. 
The minimum downpayment on a VA loan is: 
 
(a) 2% of the sales price 
 
(b) 0% of the sales price 
 
(c) 3.75% of the sales price 
 
(d) 1% of the sales price - Answer- B 
_________ is the process of creating a new mortgage loan. 
 
(a) Origination 
 
(b) Funding 
 
(c) Underwriting 
 
(d) Servicing 
* - Answer- A 
A veteran can have more than one VA loan: 
 
(a) If the prior VA loan was paid in full and the property disposed of ...
-
Xinnix Ground School Exam Questions With Answers
- Exam (elaborations) • 14 pages • 2024
-
- $11.19
- + learn more
Xinnix Ground School Exam Questions With Answers 
Flipping is a scheme where several people each purchase a property within the neighborhood and then sell the properties to one another, inflating the price of the home with each sale. 
False 
 
 
YTD paystubs will be requires from a borrower that is self-employed (schedule C) 
False 
 
 
A borrower requesting a jumbo loan will qualify for an agency loan 
False 
 
 
Trailing spouse income can be used for qualifying purposes. 
False 
 
 
The follow...
-
NMLS SAFE EXAM 2024 QUESTIONS AND ANSWERS ALREADY PASSED
- Exam (elaborations) • 35 pages • 2024
- Available in package deal
-
- $10.99
- + learn more
NMLS SAFE EXAM 2024 QUESTIONS 
AND ANSWERS ALREADY PASSED 
 
What does TILA stand for? Truth-In-Lending Act, Regulation Z 
 
What is a HELOC loan? a secured loan in that you are borrowing against the equity that has 
been built in your house 
 
What is a REFI loan? 
 
LTV stands for Loan to Value 
 
Define PMI and state what the acronym stands for. Private mortgage insurance- on 
conventional loans 
 
Define one time variable funding fee and people in what situations is it waived for? Disabled ...
$6.50 for your textbook summary multiplied by 100 fellow students... Do the math: that's a lot of money! Don't be a thief of your own wallet and start uploading yours now. Discover all about earning on Stuvia