VA Loans
2.15% of purchase price
What is the VA funding fee
What is min score required by VA
VA doesn't set a min score
Loan best for buyers in rural areas
USDA
Early disclosure shows estimated costs
fees buyers pay for rates
what are discount points
Army, Navy Airforce Marine
What are the branches of service
what type of property is not eligible for a va loan
Mortgage that exceeds conforming loan limits
What is a Jumbo Loan
Underwriter approved
what is conditional approval
Who ensures title is good
title company
$850,000
What is the county loan limit
VA loan must be used for this type of property
What is a primary residence
Letter shows borrowers buying power
what is a pre-approval
Appraisal always matches purchase price
what is false
Insurance that protects lenders without 20% down
VA Loans require a down payment?
What is false
Ratio comparing debt to income
What is DTI
Conventional loan type backed by Fannie
What is a conforming loan
Tidewater Initiative
What happens when an appraisal comes in low
Closing disclosre
What is a CD
Certificate proves a veteran is eligble for a va loan
What is a certificate of eligibility
Type of loan insured by FHA
What is FHA
what is 30 days
Soft credit pull
not a hard pull
What is the best mortgage company