2.4

Question 0

________ can guarantee a loan for the full purchase price of a property.

Answer 0

DVA

Question 1

A conforming loan is also known as “A” or _______ loan.

Answer 1

Prime

Question 2

If the borrower has a score higher than __________, the interest rate will generally be the same, but document requirements decrease.

Answer 2

620

Question 3

If the score is 660 or above, some lenders might allow the borrower to make a _______ loan application.

Answer 3

“Stated”

Question 4

FHA loans are available to borrowers who purchase residential properties with _______ units.

Answer 4

1-4

Question 5

The four main types of mortgage loans are The Veterans Administration (VA), Conforming, Jumbo and ______.

Answer 5

Government, or FHA

Question 6

A/an _____ loan is a kind of loan also known as n “A” or “prime” loan.

Answer 6

conforming

Question 7

Conforming loans are usually available to borrowers with FICO credit score of at least _______.

Answer 7

660