Mortgage Knowledge
Morgan Financial Knowledge
100

This is the minimum down payment for a primary residence using a conventional loan (Fannie/Freddie).

What is 3%?

100

The month and year MF was founded (officially).

What is August 2002?

200

This is the term for the automated underwriting system used by Freddie Mac.

What is LP?

200

The MF and Air Force Honor Code.

What is "I will not lie, cheat, or steal not tolerate among us those who do"?

300

This is the maximum seller concession allowed on a VA loan.

What is 4%?

300

The Mission Statement.

What is Fast, Enjoyable and Consistent.

400

This is the maximum number of financed properties a borrower can have under Fannie Mae guidelines.

What is 10?

400

The MF Guarantee.

What is the Best Deal Guarantee ("BDG")?

500

For a VA loan, residual income is calculated based on this factor.

What is family size?

500

The name of the company David and Yena founded in Massachusetts before MF was ever founded.

What is Morgan Resources?

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