Real Estate Finance I-Champions Final Exam
(2025/2026) UPDATE|EXAM QUESTIONS WITH
MULTIPLE CHOICES |VERIFIED & REVISED ANSWERS
(NEW)!!
The minimum downpayment on a VA loan is:
(a) 2% of the sales price
(b) 0% of the sales price
(c) 3.75% of the sales price
(d) 1% of the sales price - (ANSWER)B
The minimum downpayment on a VA loan is:
(a) 2% of the sales price
(b) 0% of the sales price
(c) 3.75% of the sales price
,(d) 1% of the sales price - (ANSWER)B
_________ is the process of creating a new mortgage loan.
(a) Origination
(b) Funding
(c) Underwriting
(d) Servicing
* - (ANSWER)A
_________ is the process of creating a new mortgage loan.
(a) Origination
(b) Funding
(c) Underwriting
,(d) Servicing
* - (ANSWER)A
A veteran can have more than one VA loan:
(a) If the prior VA loan was paid in full and the property disposed of
(b) The prior VA loan was assumed by an eligible veteran who substituted their
entitlement
(c) A or B
(d) Under no circumstances - a VA loan is a "once in a lifetime" benefit
* - (ANSWER)C
A veteran can have more than one VA loan:
(a) If the prior VA loan was paid in full and the property disposed of
, (b) The prior VA loan was assumed by an eligible veteran who substituted their
entitlement
(c) A or B
(d) Under no circumstances - a VA loan is a "once in a lifetime" benefit
* - (ANSWER)C
_________ are not-for-profit organizations that exist to serve their members.
(a) Mortgage companies
(b) Credit unions
(c) Insurance companies
(d) One that cannot be financed - (ANSWER)B
_________ are not-for-profit organizations that exist to serve their members.
(a) Mortgage companies
(2025/2026) UPDATE|EXAM QUESTIONS WITH
MULTIPLE CHOICES |VERIFIED & REVISED ANSWERS
(NEW)!!
The minimum downpayment on a VA loan is:
(a) 2% of the sales price
(b) 0% of the sales price
(c) 3.75% of the sales price
(d) 1% of the sales price - (ANSWER)B
The minimum downpayment on a VA loan is:
(a) 2% of the sales price
(b) 0% of the sales price
(c) 3.75% of the sales price
,(d) 1% of the sales price - (ANSWER)B
_________ is the process of creating a new mortgage loan.
(a) Origination
(b) Funding
(c) Underwriting
(d) Servicing
* - (ANSWER)A
_________ is the process of creating a new mortgage loan.
(a) Origination
(b) Funding
(c) Underwriting
,(d) Servicing
* - (ANSWER)A
A veteran can have more than one VA loan:
(a) If the prior VA loan was paid in full and the property disposed of
(b) The prior VA loan was assumed by an eligible veteran who substituted their
entitlement
(c) A or B
(d) Under no circumstances - a VA loan is a "once in a lifetime" benefit
* - (ANSWER)C
A veteran can have more than one VA loan:
(a) If the prior VA loan was paid in full and the property disposed of
, (b) The prior VA loan was assumed by an eligible veteran who substituted their
entitlement
(c) A or B
(d) Under no circumstances - a VA loan is a "once in a lifetime" benefit
* - (ANSWER)C
_________ are not-for-profit organizations that exist to serve their members.
(a) Mortgage companies
(b) Credit unions
(c) Insurance companies
(d) One that cannot be financed - (ANSWER)B
_________ are not-for-profit organizations that exist to serve their members.
(a) Mortgage companies
