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Which of the following is not one of the three basic default insurance plans?
Department of Housing and Urban Development (HUD)
The four types of mortgage default insurance include all except:
Amortized Coverage
The Federal Housing Administration (FHA):
Insures Loans
Who may obtain a Federal Housing Administration (FHA) loan?
*Any citizen who qualifies
*A veteran
*A retiree
The Veterans Administration (VA):
Guarantees loans
Who may obtain a Veterans Administration (VA) loan?
Eligible Veterans.
A Veteran Administration (VA) appraisal is called:
Certificate of reasonable value (CRV)
Who administers the Cal Vet program?
The California Department of Veterans Affairs.
Who holds legal title to the property under a Cal Vet loan?
California Department of Veterans Affairs.
Buyers with less than ____ percent down payment are normally required to pay PMI:
20%
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