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10 Cards in this Set
- Front
- Back
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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) |
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The four types of mortgage default insurance include all except: |
Amortized Coverage |
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The Federal Housing Administration (FHA): |
Insures Loans |
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Who may obtain a Federal Housing Administration (FHA) loan? |
*Any citizen who qualifies *A veteran *A retiree |
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The Veterans Administration (VA): |
Guarantees loans |
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Who may obtain a Veterans Administration (VA) loan? |
Eligible Veterans. |
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A Veteran Administration (VA) appraisal is called: |
Certificate of reasonable value (CRV) |
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Who administers the Cal Vet program? |
The California Department of Veterans Affairs. |
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Who holds legal title to the property under a Cal Vet loan? |
California Department of Veterans Affairs. |
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Buyers with less than ____ percent down payment are normally required to pay PMI: |
20% |
