Eligibility requirements for down-payment assistance programs include
which factors? - ANSWER-Income, home-buyer education, purchase price
The client is considering an FHA mortgage. What is the upfront mortgage
insurance premium (UFMIP) for an
FHA mortgage? - ANSWER-1.75%
If the client was denied a mortgage loan and the lender told him to come
back after his divorce had been final for three years, what is the best advice
for the housing counselor to provide to the client to report a violation to
ECOA? - ANSWER-Contact the Federal Trade Commission as the lender's
action might violate the Equal Credit Opportunity Act
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