Question

Applicants for VA or FHA loans have to meet certain special qualifications. All of the following...

Applicants for VA or FHA loans have to meet certain special qualifications. All of the following may apply except ____.

having served in the military

a specific income level or lower

a limit on the size of the loan that is guaranteed

must work for a federal or state government agency
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Answer #1
Applicants for VA or FHA loans have to meet certain qualifications which includes:
Having served in military:
VA or FHA loans will be given both military and non military personal, however military personal will have some additional benefits than others
Specific income level or lower:
There is no minimum or maximum salary you can earn that will qualify or prohibit you from getting an FHA-insured mortgage.
Limit on the size of loan that is guaranteed
The limits of the loan depends upon the type of home, such as single-family or duplex, can also affect these numbers
Must work for federal and state government agency
There is no such requirement
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