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COURSE 1 CHAPTER 19

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In Minnesota, the maximum FHA loan amount varies by
city.
neighborhood.
county.
township.

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1 / 33

Terms in this set (33)

In Minnesota, the maximum FHA loan amount varies by
city.
neighborhood.
county.
township.

As of September 2010, the minimum credit score for FHA loans should be at least what?
520
500
650
580

What is the maximum loan amount on a VA guaranteed loan?
$100,000
$150,000
No maximum amount
$250,000

No maximum amount

How much is the minimum down payment of the purchase price that a buyer needs to provide for a FHA loan?
5%
10%
20%
3.50%

If the interest rate increases in a section 251 program, at least how many days will the borrower be informed before any changes will be made to the payment?
30
25
60
10