A loan file reviewer is training staff on VA loan eligibility and occupancy using a regulator exam preparation. Which statement is accurate?
Correct Answer
D) Apply VA program rules rather than conventional PMI
VA-backed loans use VA eligibility, occupancy, guaranty, and funding-fee concepts. The best answer is "Apply VA program rules rather than conventional PMI".
Why This Is the Correct Answer
VA-backed loans use VA eligibility, occupancy, guaranty, and funding-fee concepts. The best answer is "Apply VA program rules rather than conventional PMI".
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