Business

Hadassah Kane

16 March, 13:25

The Federal Housing Administration (FHA) insures loans for lenders of real property. Which statement about FHA loans is false?

1. FHA mortgages require a larger downpayment than vA loans

2. There is no prepayment penalty

3. FHA mortgages are assumable provided the new borrower qualifies

4. FHA mortgages are not assumable

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