5/29/25, 9:34 AM Real Estate Finance I ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) A+ GRAD…
Real Estate Finance I ACTUAL EXAM
QUESTIONS WITH COMPLETE SOLUTION
GUIDE) (MULTIPLE CHOICES) A+ GRADED 100%
VERIFIED
Save
Terms in this set (60)
The minimum B
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
_________ is the process of C
creating a new mortgage
loan.
(a) Origination
(b) Funding
(c) Underwriting
(d) Servicing
https://quizlet.com/1049296275/real-estate-finance-i-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified… 1/27
,5/29/25, 9:34 AM Real Estate Finance I ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) A+ GRAD…
A veteran can have more B
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
_________ are not-for-profit C
organizations that exist to
serve their members.
(a) Mortgage companies
(b) Credit unions
(c) Insurance companies
(d) One that cannot be
financed
https://quizlet.com/1049296275/real-estate-finance-i-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified… 2/27
, 5/29/25, 9:34 AM Real Estate Finance I ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) A+ GRAD…
A qualifying ratio that C
compares the borrower's
proposed house
payment to their gross
monthly income is the
__________.
(a) Back ratio
(b) Appraisal ratio
(c) Front ratio
(d) Loan to value ratio
Periodic payment A
amounts such as principal
& interest, estimated
escrow, estimated
monthly payment, and
__________ must be
disclosed in the
Projected Payments
section of the Loan
Estimate form.
(a) Mortgage Insurance
(b) Homeowner's
insurance
(c) Property value
(d) Estimated inspection
cost
https://quizlet.com/1049296275/real-estate-finance-i-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified… 3/27
Real Estate Finance I ACTUAL EXAM
QUESTIONS WITH COMPLETE SOLUTION
GUIDE) (MULTIPLE CHOICES) A+ GRADED 100%
VERIFIED
Save
Terms in this set (60)
The minimum B
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
_________ is the process of C
creating a new mortgage
loan.
(a) Origination
(b) Funding
(c) Underwriting
(d) Servicing
https://quizlet.com/1049296275/real-estate-finance-i-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified… 1/27
,5/29/25, 9:34 AM Real Estate Finance I ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) A+ GRAD…
A veteran can have more B
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
_________ are not-for-profit C
organizations that exist to
serve their members.
(a) Mortgage companies
(b) Credit unions
(c) Insurance companies
(d) One that cannot be
financed
https://quizlet.com/1049296275/real-estate-finance-i-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified… 2/27
, 5/29/25, 9:34 AM Real Estate Finance I ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTION GUIDE) (MULTIPLE CHOICES) A+ GRAD…
A qualifying ratio that C
compares the borrower's
proposed house
payment to their gross
monthly income is the
__________.
(a) Back ratio
(b) Appraisal ratio
(c) Front ratio
(d) Loan to value ratio
Periodic payment A
amounts such as principal
& interest, estimated
escrow, estimated
monthly payment, and
__________ must be
disclosed in the
Projected Payments
section of the Loan
Estimate form.
(a) Mortgage Insurance
(b) Homeowner's
insurance
(c) Property value
(d) Estimated inspection
cost
https://quizlet.com/1049296275/real-estate-finance-i-actual-exam-questions-with-complete-solution-guide-multiple-choices-a-graded-100-verified… 3/27
