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Florida Real Estate Course
Chapter 14
Florida Real Estate Practice Question
Which of the following statements best describes the primary characteristic of an FHA mortgage loan?
Answer choices
A
It is a loan originated by a private lender but insured by the federal government against borrower default.
B
It is a loan guaranteed by the government specifically for eligible military veterans and their spouses.
C
It is a loan where the federal government directly lends its own money to first-time homebuyers.
D
It is a standard loan that requires no mortgage insurance as long as the borrower puts down at least 20%.
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